Japanese Exports and Foreign Direct Investment

Pontus Åberg

Chapter 15 in Asia-Pacific Transitions, 2001, pp 207-223 from Palgrave Macmillan

Abstract: Abstract International investment flows have grown dramatically in the last few years. The total foreign direct investment (FDI) was $225 billion in 1994, up from $50 billion per year on average in the early 1980s. A major agent of FDI is the multinational corporation (MNC) which, until the last ten years or so, have been dominated by firms from North America and Europe. More recently, however, Asian MNCs, particularly those of Japan, South Korea and Taiwan, have also become important FDI sources.1 In Japan, the increase in FDI outflows may be traced to the 1985 Plaza Agreement where the yen was forced to appreciate vis-à-vis the currencies of its major trading partners. East and Southeast Asian countries were more or less tied to the dollar, so that the Japanese yen rose vis-à-vis the currencies of Japan’s neighbour countries. Japan’s total FDI increased rapidly after 1986. In the period between 1986 to 1989, FDI grew at an average annual rate of more than 50 per cent.

Keywords: Foreign Direct Investment; Southeast Asian Country; Average Annual Rate; Transition Table; Major Trading Partner (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62845-8_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230628458

DOI: 10.1057/9780230628458_15

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().