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Foreign direct investment in Southeast Asia: Different impacts

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By analysing foreign direct investment (FDI) in a macroeconomic framework, this study throws new light on various channels through which FDI influences saving, investment, growth, and the balance of payments on current account. The finding that FDI has differential impacts in a sample of five Southeast Asian and eleven other developing countries leads to several policy conclusions. First, FDI is attracted for privatization or debt-equity swap programmes, it may provide additional or alternative balance-of-payments support, but will not accelerate capital formation or economic growth. Second, in the presence of financial and trade distortions, FDI can remove from the host country more that it contributes. In other words, it can be immeserizing. Third, the most efficacious way of encouraging FDI is to implement policies that generally improve the investment climate. Where domestically financed investment is booming, FDI will seek to participate. Finally, maximum benefit from FDI can be achieved in open economies that are free of domestic distortions such as financial repression and trade controls.

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Ketersediaan

2024-0422

332.6959 Fry f

Perpustakaan Diplomasi

Tersedia

Informasi Detail

Judul Seri

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No. Panggil

332.6959 Fry f

Penerbit

Singapore : Institute of Southeast Asian Studies (ISEAS)., 1993

Deskripsi Fisik

viii. 69 pages : illustrations (black and white) ; 22 cm

Bahasa

English

ISBN/ISSN

981-3016-72-8

Klasifikasi

332.659

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

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Info Detail Spesifik

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Pernyataan Tanggungjawab

Maxwell J. Fry

Versi lain/terkait

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