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The Role of Foreign Direct Investment in East Asian Economic Development

The international flow of long-term private capital has increased dramatically in the 1990s. In fact, many policymakers now consider private foreign capital to be an essential resource for the acceleration of economic growth. This volume focuses attention on the microeconomic determinants and effects of foreign direct investment (FDI) in the East Asian region, allowing researchers to explore the overall structure of FDI, to offer case studies of individual countries, and to consider their insights, both general and particular, within the context of current economic theory.

389 pages | 18 line drawings, 99 tables | 6 x 9 | © 2000

National Bureau of Economic Research East Asia Seminar on Economics

Economics and Business: Economics--International and Comparative

Table of Contents

Introduction—Takatoshi Ito and Anne O. Krueger
1. The Local Content of Japanese Electronics Manufacturing Operations in Asia
René Belderbos, Giovanni Capannelli, and Kyoji Fukao
Comment: Toshihiko Hayashi
Comment: Lee Branstetter
2 Intrafirm Technology Transfer by Japanese Manufacturing Firms in Asia
Shujiro Urata and Hiroki Kawai
Comment: Eiji Ogawa
Comment: Hong-Tack Chun
3. Location and Internalization Decisions: Sector Switching in Japanese Outward Foreign Direct Investment
Fukunari Kimura
Comment: Eiji Ogawa
Comment: Hock Guan Ng
4. Foreign Direct Investment and R&D Spillovers: Is There a Connection?
Lee Branstetter
Comment: Akiko Tamura
Comment: Mariko Sakakibara
5. Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade
Robert E. Lipsey
Comment: Hong-Tack Chun
Comment: Yuzo Honda
6. International Joint Ventures, Economic Integration, and Government Policy
Kenzo Abe and Laixun Zhao
Comment: Shin-ichi Fukuda
Comment: Mahani Zainal-Abidin
7. The Location of Foreign Direct Investment in Chinese Regions: Further Analysis of Labor Quality
Leonard K. Cheng and Yum K. Kwan
Comment: Yumiko Okamoto
Comment: Shang-Jin Wei
8. Why Does China Attract So Little Foreign Direct Investment?
Shang-Jin Wei
Comment: Mari Pangestu
Comment: Akira Kohsaka
9. The Role of Foreign Direct Investment in Korea’s Economic Development: Productivity Effects and Implications for the Currency Crisis
June-Dong Kim and Sang-In Hwang
Comment: Hong-Tack Chun
Comment: Yuri Nagataki Sasaki
10. Effects of Outward Foreign Direct Investment on Home Country Performance: Evidence from Korea
Seungjin Kim
Comment: Mariko Sakakibara
Comment: Chong-Hyun Nam
11. Foreign Direct Investment and Industrial Restructuring: The Case of Taiwan’s Textile Industry
Tain-Jy Chen and Ying-Hua Ku
Comment: Yum K. Kwan
Comment: Munehisa Kasuya
12. Foreign Direct Investment and Economic Growth in Taiwan’s Manufacturing Industries
Vei-Lin Chan
Comment: Mari Pangestu
Comment: Masatsugu Tsuji
Author Index
Subject Index

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