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Foreign Investment in East Asia: A Survey


  • Hal Hill
  • Prema-chandra Athukorala


This article updates the May 1989 literature survey on foreign direct investment (FDI) in the East Asian region published in this journal. Following an overview of trends of FDI in the 1990s, it focuses on three key issues: the impact of the recent Asian economic crisis on FDI inflow relative to other forms of capital inflows; the link between FDI and trade; and technology transfer and adaptation. It is too early to discern the implications of the crisis for host-country policies and investment decisions of multinational corporations, but the indications are that FDI will continue to play a pivotal role in economic transformation, and in regional and global economic integration. Copyright Asia Pacific School of Economics and Management, The Australian National University and Blackwell Publishers Ltd, 1998.

Suggested Citation

  • Hal Hill & Prema-chandra Athukorala, 1998. "Foreign Investment in East Asia: A Survey," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 12(2), pages 23-50, November.
  • Handle: RePEc:bla:apacel:v:12:y:1998:i:2:p:23-50

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    References listed on IDEAS

    1. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563.
    2. repec:nca:ncaerj:v:10:y:2014:i:1:p:57-116 is not listed on IDEAS
    3. Pritchett, Lant & Summers, Lawrence H., 2013. "Asia-phoria meet regression to the mean," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 1-35.
    4. Hsieh, Chang-Tai & Urquiola, Miguel, 2006. "The effects of generalized school choice on achievement and stratification: Evidence from Chile's voucher program," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1477-1503, September.
    5. Dani Rodrik & Arvind Subramanian, 2004. "Why India Can Grow At 7 Percent a Year or More; Projections and Reflections," IMF Working Papers 04/118, International Monetary Fund.
    6. Kaushik Basu (ed.), 2004. "India's Emerging Economy: Performance and Prospects in the 1990s and Beyond," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262025566, January.
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    Cited by:

    1. Agrawal, Nisha, 1995. "Indonesia - Labor market policies and international competitiveness," Policy Research Working Paper Series 1515, The World Bank.
    2. Manning, Chris, 2001. "The East Asian Economic Crisis and Labour Migration: A Set-Back for International Economic Integration?," Departmental Working Papers 2001-03, The Australian National University, Arndt-Corden Department of Economics.
    3. T.K. Jayaraman & Baljeet Singh, 2007. "Foreign Direct Investment and Employment Creation in Pacific Island Countries: An Empirical Study of Fiji," Working Papers 3507, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    4. Rao, B. Bhaskara & Sharma, K.L. & Singh, Rup & Lata, Nalini, 2007. "A Survey of Growth and Development Issues of the Pacific Islands," WIDER Working Paper Series 034, World Institute for Development Economic Research (UNU-WIDER).
    5. Sjöholm, Fredrik, 1999. "Economic Recovery in Indonesia: The Challenge of Combining FDI and Regional Development," SSE/EFI Working Paper Series in Economics and Finance 347, Stockholm School of Economics.
    6. Metaxas, Theodore & Kechagia, Polyxeni, 2012. "F.D.I. through the imitation procedure The case of China: A Note," MPRA Paper 40886, University Library of Munich, Germany.
    7. Yushi Yoshida & Hiro Ito, 2006. "How Do the Asian Economies Compete With Japan in the US Market? Is China Exceptional? A Triangular Trade Approach," Asia Pacific Business Review, Taylor & Francis Journals, vol. 12(3), pages 285-307, July.
    8. Axel Borrmann & Rolf Jungnickel, 1992. "Foreign investment as a factor in Asian Pacific integration," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 27(6), pages 282-288, November.
    9. Shigehisa Kasahara, 2004. "The Flying Geese Paradigm: A Critical Study Of Its Application To East Asian Regional Development," UNCTAD Discussion Papers 169, United Nations Conference on Trade and Development.
    10. Roger Farrell, 2000. "Japanese Foreign Direct Investment in the World Economy 1951-1997," Asia Pacific Economic Papers 299, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    11. Lau, Evan & Baharumshah, Ahmad Zubaidi & Haw, Chan Tze, 2006. "Current account: mean-reverting or random walk behavior?," Japan and the World Economy, Elsevier, vol. 18(1), pages 90-107, January.
    12. Chris Manning & Pradip Bhatnagar, 2004. "The Movement Of Natural Persons In Southeast Asia: How Natural?," Departmental Working Papers 2004-02, The Australian National University, Arndt-Corden Department of Economics.
    13. Rudy Rahmaddi & Masaru Ichihashi, 2012. "The impact of foreign direct investment on host country exports: Sector based evidence from Indonesian manufacturing," IDEC DP2 Series 2-10, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
    14. repec:ilo:ilowps:282608 is not listed on IDEAS

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