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The Role of Foreign Investment in The Success of Asian Industrialization
Oleh:
Lloyd, P. J.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Asian Economics vol. 7 no. 3 (1996)
,
page 407-434.
Topik:
foreign investment
;
foreign investment
;
success
;
industrialization
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ50.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
There has been a tremendous upsurge of foreign direct investment into Asia, chiefly East Asia, since the mid - 1980 s. Much of this is intra - Asian investment, starting with Japanese investment in the NIEs and other countries and more recently foreign direct investment from the NIEs in other East Asian economies. This paper looks at foreign investment as a source of savings to the Asian economies and at FDI as an agent of technology transfer and transformation of the structure of the economies. Much of the investment has been in export - oriented industries and this has association of FDI and exports has been called the foreign investment - led export growth. Looking at the regional economy, FDI has led to a relocation of productive activities among the countries of the region. This aspect has come to be called the Flying Geese pattern. It is an important part of the structural adjustments of the source and host countries and it has enabled these countries to sustain rapid growth for long periods. In the longer run, several of the high income countries in Asia have gone through a Savings - Investment Transition which has converted them from net borrowers to net lenders or investors. This Savings - Investment Transition can be linked to the Migration Transition which has caused these and some other Asian countries to switch from net exporters of labor to net importers of labor. Together these transitions define new relationships among the countries which are an important part of the growth process in Asia.
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