Corporate Links and Foreign Direct Investment in Asia and the Pacific

Corporate Links and Foreign Direct Investment in Asia and the Pacific

Corporate Links and Foreign Direct Investment in Asia and the Pacific

Corporate Links and Foreign Direct Investment in Asia and the Pacific

Synopsis

Collection of the edited papers presented at the twenty-first Pacific Trade and Development Conference held in Hong Kong in June 1994. Covers material on sectoral flows of foreign investment among the Asia-Pacific economies by focusing on microeconomic issues of strategies, activity and behaviour of corporate investors in the region. Contains a detailed analysis of investment in key sectors, component sourcing and the widening multiplicity of sources of foreign direct investment. Includes lists of tables, figures and participants as well as an index.

Excerpt

The Asia Pacific economies have enjoyed high growth rates over the past several decades. The East Asian 'economic miracle' began with Japan and was carried forward with the export-oriented industrialisation strategies of the four little 'dragons' -- Hong Kong, South Korea, Singapore and Taiwan. It has come to encompass the other East Asian economies, including China, over the last decade or so. The transmission of economic growth throughout the East Asian region has been powerful.

One important mechanism for such transmission has been foreign direct investment. An earlier PAFTAD volume, Direct Foreign Investment in Asia and the Pacific, explored the role of foreign direct investment in Asia Pacific development and growth at the end of the 1960s. A number of other studies have examined the impact of direct investment on the regional economy. However, there has been less research on corporate strategies and firm-level behaviour in multinational corporate operations in the region. For this reason, PAFTAD 21 chose to focus on corporate links and foreign direct investment in Asia and the Pacific as its central theme.

This volume is a collection of the edited papers presented at the Twenty-First Pacific Trade and Development (PAFTAD) Conference held in Hong Kong in June 1994. The Centre of Asian Studies, an integral part of the University of Hong Kong, was very pleased to act as host for the conference. Despite the fact that Hong Kong scholars have been participating in PAFTAD activities for a long time, this was the first time that the conference was held in Hong Kong. We would like to express our gratitude to the Hong Kong government for its most generous financial support of the conference. In particular, thanks are due to Mr Brian T.H. Chau, Secretary for Trade and Industry, for his assistance throughout the preparations for the conference. We also thank the Governor of Hong Kong, Mr Christopher Patten, for his presence at the conference and for officiating at the opening ceremony. His opening address was much more than ceremonial, and contained a mixture of his personal insights and experience relating to the issues discussed throughout the conference.

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