Foreign Direct Investments in Asia

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.

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.