TY  - BOOK
AU  - Fry,Maxwell J.
TI  - Foreign Direct Investment in Southeast Asia: Differential Impacts 
SN  - 9789813016729
AV  - HG5740.8.A3 F78 1993
U1  - 332.6730959 20
PY  - 1993///]
CY  - Singapore : 
PB  - ISEAS Publishing, 
KW  - Investments, Foreign
KW  - Southeast Asia
KW  - BUSINESS & ECONOMICS / International / Economics
KW  - bisacsh
N1  - 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; Issued also in print
N2  - 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
UR  - https://doi.org/10.1355/9789814379182
UR  - https://www.degruyter.com/isbn/9789814379182
UR  - https://www.degruyter.com/cover/covers/9789814379182.jpg
ER  -