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Foreign Direct Investment in Southeast Asia : Differential Impacts / Maxwell J. Fry.

By: Material type: TextTextPublisher: Singapore : ISEAS Publishing, [1993]Copyright date: ©1993Description: 1 online resource (84 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9789813016729
  • 9789814379182
Subject(s): DDC classification:
  • 332.6730959 F946f 20
LOC classification:
  • HG5740.8.A3 F78 1993
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Tables -- Figures -- Acknowledgements -- 1. Introduction -- 2. Global Trends and Foreign Direct Investment Flows to Southeast Asian Developing Economies -- 3. Does Foreign Direct Investment Provide More Balance-of-Payments Financing? -- 4. Foreign Direct Investment in a Macroeconomic Model -- 5. The Empirical Results -- 6. Conclusion -- References -- THE AUTHOR
Summary: 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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9789814379182

Frontmatter -- Contents -- Tables -- Figures -- Acknowledgements -- 1. Introduction -- 2. Global Trends and Foreign Direct Investment Flows to Southeast Asian Developing Economies -- 3. Does Foreign Direct Investment Provide More Balance-of-Payments Financing? -- 4. Foreign Direct Investment in a Macroeconomic Model -- 5. The Empirical Results -- 6. Conclusion -- References -- THE AUTHOR

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)