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FDI Promotion Policies in the United Kingdom, Singapore and Malaysia: Lessons for Korea

Author

Listed:
  • Lee, Seong-Bong

    (Korea Institute for International Economic Policy)

  • Shin, Dong-Wha

    (Korea Institute for International Economic Policy)

  • Lee, Hyoung Kun

    (Korea Institute for International Economic Policy)

Abstract

The Law to Promote Foreign Investment, which has been effected in Nov. 1998, has amended the support system of reducing taxation greatly. Though the extent that the investment support system improved compared to the past is important, what's more important is the level of Korean investment condition comparing to other countries. Based on the analysis of the instances of Britain, Singapore and Malaysia, this study inspected and took a close look at Korean policy of attracting foreign investment afresh and brought up the direction of improvement. This study got enlightenment on policy of attracting foreign investment in the view of stratagem, the improvement of investment environment, strengthening the cooperation and adjustment of capital attracting institutions, flexible award system and strategic application in investment free areas.

Suggested Citation

  • Lee, Seong-Bong & Shin, Dong-Wha & Lee, Hyoung Kun, 1998. "FDI Promotion Policies in the United Kingdom, Singapore and Malaysia: Lessons for Korea," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 2(4), pages 157-187, December.
    • Handle: RePEc:ris:eaerev:0292
    DOI: 10.11644/KIEP.JEAI.1998.2.4.35
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    More about this item

    Keywords

    Foreign Direct Investment; Taxes; United Kingdom; Singapore; Malaysia;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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