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FDI, Regionalism, Government Policy and Endogenous Growth - A Comparative Study of the ASEAN-5 Economies, with Development Policy Implications for the Least Developed Countries (Paperback)
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FDI, Regionalism, Government Policy and Endogenous Growth - A Comparative Study of the ASEAN-5 Economies, with Development Policy Implications for the Least Developed Countries (Paperback)
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Total price: R1,037
Discovery Miles: 10 370
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Published in 1999, this text investigates whether FDI caused spill
over effects which have led to the economic growth of the ASEAN-5
economies, and if that it so, whether the ASEAN Preferential Trade
Agreement (APTA) had a significant effect in attracting FDI to the
region. It takes into account the different levels of economic
development of the countries under analysis. The results from the
structural (static) model suggest that FDI has stimulated economic
growth through the human factors followed by technology transfer,
international trade, and learning by doing, and that the formation
of APTA had a lagged influence on FDI inflows into the advantage of
the more developed member countries and the disadvantage of the
less developed countries. Those from the multiplier (dynamic)
effects analysis demonstrate that whereas the impact is immediate
in the more developed, politically stable and foreign investment
friendly economies, there is a time lag in those economies which
are less developed and more hostile to FDI. The analysis presents
an empirical comparison of how the level of economic development
affects the interaction of FDI, regionalism and economic growth.
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