Foreign Direct Investments in Selected Emerging Asian Economies : An Evaluation of Pandemic and Policy Shocks book cover
1st Edition

Foreign Direct Investments in Selected Emerging Asian Economies
An Evaluation of Pandemic and Policy Shocks

  • Available for pre-order on April 21, 2023. Item will ship after May 12, 2023
ISBN 9781032314839
May 12, 2023 Forthcoming by Routledge
144 Pages 52 B/W Illustrations

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Book Description

Foreign direct investments (FDI) play an integral role in the growth story of Emerging Asian economies. As an essential source of foreign capital, FDI bolsters the path to economic recovery from recessions, including the recent one caused by the COVID-19 pandemic. This book is a collection of essays investigating the reconfiguration of FDI flows to the Emerging Asian economies of ASEAN, China and India following the pandemic and recent FDI policy reforms.

This book broadly covers the trends in greenfield FDI flows to Emerging Asia in the context of three pertinent themes. Part one explores the rebalancing effects in global FDI flows after the COVID-19 pandemic, focusing on the experience of Emerging Asian economies. We also evaluate the nature of the pandemic’s impact on existing FDI linkages between China and ASEAN.  Part two delves into the implications of a cross-border policy framework such as the Belt and Road Initiative (BRI). In particular, we examine ASEAN trade activity after China's investments through BRI. We further discuss the future of BRI in ASEAN economies amidst the emergence of global competitors. Part three of the book zooms in on the effectiveness of domestic FDI policy reforms. We discuss the cases of Indonesia Special Economic Zones and the Make in India initiative.

This book is written for scholars, policymakers, and industrial practitioners who wish to track more on the recent FDI dynamics of Emerging Asia.

Table of Contents

1.Introduction 2. An Overview of Foreign Direct Investment inflows during the Pandemic. Appendix 1, Paul Cheung, Ammu George, Rohanshi Vaid, Xuyao Zhang 3. Foreign Direct Investments in the Time of Covid-19: Evidence from ASEAN Countries, Yuting Huang, Xuyao Zhang, Yixuan Ge 4. The Trade-Investment Nexus in ASEAN: Evidence from the Belt and Road Initiative, Yuting Huang, Kway Guan Tan 5. Here to Stay in a Crowded Landscape: The Future of the BRI in ASEAN, Kevin Chen 6. Is Special Economic Zone a Guaranteed Growth Policy? A Closer Inspection into Indonesian Cities, Xiaochen Bian, Doris Wan Yin Liew 7. Efficacy of the Make in India Initiative: An Empirical Evaluation of Greenfield FDI inflows, Sivapriya Anbarasu, Ammu George, Shubhangi Gupta, Sumedha Gupta 8. Concluding Remarks, Paul Cheung, Kevin Chen





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Paul Cheung is a Professor (Practice) at the Lee Kuan Yew School of Public Policy. Ammu George is a Research Fellow at the Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy. Zhang Xuyao is a Senior Research Fellow at the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy.