Foreign Direct Investment: The Key to Asia's Future Economic Growth?

Throughout 1997, East Asia's unfolding financial crises provoked scathing critiques of the role of foreign investors in the region' s downward spiral. According to the critics, the same foreign investment that had helped spawn the East Asian economic miracle had come to exacerbate, if not...

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Bibliographic Details
Published in:Policy File 1998
Main Author: Encarnation, Dennis J
Format: Report
Language:English
Subjects:
Banking/Finance
Economic policy
Government
International/Economic development
The Brookings Institution
Online Access:Request full text
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Summary:Throughout 1997, East Asia's unfolding financial crises provoked scathing critiques of the role of foreign investors in the region' s downward spiral. According to the critics, the same foreign investment that had helped spawn the East Asian economic miracle had come to exacerbate, if not cause, the current problems. And for many Asians, as well as for analysts elsewhere, foreign investment remains a debatable part any proposed solution.