Managing FDI in a Globalizing Economy

摘要: DOI: 10.1355/ae23-3k Managing FDI in a Globalizing Economy. Edited by Douglas H. Brooks and Hal Hill. New York: Palgrave-MacMillan, 2004. Pp. 340. The co-editors begin their volume putting forth two propositions that provide the foundation upon which remainder of book's contents are constructed. first is: "Investment, whether domestic or foreign, is an essential ingredient for sustainable growth: productive investment translates into increased output. Especially where resources insufficient to steer country towards its long-term growth path, role foreign becomes indispensable" (p. xvii). second "Whether, ways which, beneficial harmful host depends on context takes place resulting economy activity occurs" 8). presents examinations eight chapters with providing general historical empirical background sets stage analyses six countries' experience direct (FDI). focus People's Republic China, India, Korea, Malaysia, Thailand, Socialist Vietnam. chapters, written thirteen other competent thoughtful scholars, were supervised co-ordinated Asian Development Bank (ADB) staff professionals. ADB maintains continuing interest encouraging debate over various aspects flows collateral activities multinational enterprises (MNEs) conducted highly globalized world includes above countries whose populations collectively comprise more than 40 per cent world's population. evaluation harmful, what proportion, starts observation until 1980s many developing viewed great wariness because magnitude sheer size MNEs from investments flowed. suspected practising unfair business practices, price fixing, transfer pricing, links parent companies residing developed, market-economy posed problems. During 1980s, transformation took since as restrictions imposed against lifted face technological change, integrated production marketing networks, bilateral trade treaties success economies open trade, financial capital flows. partly because, judgement some analysts: "The establishment multilateral framework rules ... (helped) improve climate; create stable, predictable, transparent environment investment; enhance confidence thereby promote flows." Other less enthusiastic observers cautioned that, "Such favorable outcomes may, however, be accompanied arduous adjustments. It therefore important minimize adjustment costs faced countries" 26). add global intricately enmeshed. Chapters 3 through 8 evaluate circumstances under has been could continue countries. Not surprisingly, contributors do not fully agree useful pursuit national economic goals. …