This book covers nine countries of ASEAN and the East Asian area, including major Asian countries, and compares their respective policies to attract Foreign Direct Investments (FDI). Through comparative study of FDI promotion policies, this book will give policy makers in the area of FDI promotion an overview and comparison of the FDI policies of other countries. In addition, researchers at graduate, post-graduate or professional level will gain from the econometric methodology and detailed definitions of various spillover effects (horizontal and vertical), which will be beneficial to their research.
In addition to FDI policy comparison, this book focuses on the various spillover effects of FDI. It separates it into categories: own productivity effects; intra-industry spillover effects; and inter-industry spillover effects (forward and backward linkage effects). While most other studies have only taken econometric tests on own-productivity and intra-industry spillovers, a key advantage to this book is that it also covers the separate effects of inter-industry linkages.
Through policy comparison and econometric tests on various spillover effects on economic growth, employment and exports, this book will give policy makers and researchers an innovative and constructive guide to FDI.
Table of Contents
1. Overview Chalongphob Sussangkarn, Yung Chul Park and Sung Jin Kang 2. The Development of Foreign Direct Investment and Its Impact on Firm's Productivity, Employment and Exports in Indonesia C.M. Firdausy and S.D. Negara 3. Foreign Direct Investment and Spillovers in Malaysia Tham Siew Yean, Liew Chei Siang and Marziah Mokhtar 4. Linkages and Spillovers in Philippines Manufacturing R.M. Aldaba and F.T. Aldaba 5. Inward and Outward FDI and the Restructuring of the Singapore Economy Chia Siow Yue 6. The Impact of Foreign Direct Investment on Productivity, Employment and Export Performance of Thai Firms C. Anuchitworawong 7. A Study on FDI's Role in China's Economic Growth and Development since China's Reform and Opening-Up Jianping Zhang, Dawei Li, Zijia Chen, Xiaoyi Li, Dan Wang and Yan Li 8. Inward and Outward FDI of Japan Y. Todo 9. The Linkage Impact of Foreign Direct Investment on Labor Productivity in Korea S.J. Kang and H.S. Lee 10. A Study of FDI in Vietnam Tuan Bui, Huong Lan Pham and Ha Thi Tran
Chalongphob Sussangkarn is currently a Distinguished Fellow of the Thailand Development Research Institute (TDRI), a private non-profit think tank in Bangkok. Prior to this, he was President of the TDRI (January 1996 – March 2007) and was Thailand’s Minister of Finance (March 2007 – February 2008).
Yung Chul Park is Distinguished Professor in the Division of International Studies at Korea University. Before returning to Korea University, he spent three years from 2005 to 2008 at the Graduate School of International Studies, Seoul National University, as Research Professor and Director of the Center for International Commerce and Finance. He previously served as the Chief Economic Adviser to the President of Korea (1987-1988), as President of the Korea Development Institute (1986-1987) and as President of the Korea Institute of Finance (1992-1998).
Sung Jin Kang is Professor in the Department of Economics at Korea University, and a member of Presidential Council for Future & Vision. He was Vice President of International Affairs, Korea University (2008 - 2009), and a member of the Presidential Transition Committee(2008). He has published several papers, mainly on foreign aid, foreign direct investment and production networks.