Journal article

The role of foreign investment in the success of Asian industrialization

PJ Lloyd

Journal of Asian Economics | Published : 1996

Abstract

There has been a tremendous upsurge of foreign direct investment into Asia, chiefly East Asia, since the mid-1980s. 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..

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