FDI, Industrial Labor Transformation and Growth: The Cases of South Korea, Malaysia, and Thailand

Nathalie Fabry and Bertrand Maximin

Chapter 1 in The Changing Economic Environment in Asia, 2001, pp 11-25 from Palgrave Macmillan

Abstract: Abstract Developing countries used to be rather hostile to inward Foreign direct investment (FDI); they feared that FDI might lead to uneven global development. This attitude changed radically in the mid-1980s, particularly in Asia (Calvo, Laderman and Reinhart 1996; Markusen and Venables, 1997; Lall, 1998). Since then, host countries’ governments have welcomed increasing flows of inward FDI, essentially in the manufacturing sector. They now consider that FDI may be an ‘industrialization instrument’ less dangerous than international indebtedness (Rodriguèz-Clare, 1996). The most visible characteristic of this change was the surge of FDI from developed countries in Asia until the Asian crisis broke out in the summer of 1997 (Hill and Athukorala, 1998).

Keywords: Foreign Direct Investment; Host Country; Technology Transfer; Capital Stock; Comparative Advantage (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28726-6_2

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DOI: 10.1007/978-0-230-28726-6_2

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