The Role of Foreign Direct Investment in East Asian Economic Development (Volume 9) (National Bureau of Economic Research East Asia Seminar on Economics)

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. This text focuses 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 consider insights within the context of economic theory. Edited By Takatoshi Ito And Anne O. Krueger. This Volume Contains Edited Versions Of Papers Presented At The Nber-east Asia Seminar On Economics Ninth Annual Conference, Held In Osaka, Japan, On 25-27 June 1998--p. Xi. Includes Bibliographical References And Indexes. Foreign direct investment (FDI) may increase host country productivity through improved resource allocation, increased competition, and expansion of local capabilities through a transfer of (technological) know-how (e.g., Caves 1995; Wang and Blomstrom 1992).