Economic Turmoil in Asia: Prospects for FDI Flows
The economic and financial crisis that has plagued Asia since mid-1997 has left in its wake dramatic declines in output, large falls and volatile exchange rate changes, worsening poverty, and widespread social unrest owing to rising unemployment, among others. Yet it is important to remember that there are other effects that this crisis had left behind. These are the real economic dimensions of the countries that have made them achieve sustained growth rates in the past decades. These real factors are the outcomes ofand were influenced by structural changes in the region itself, which in turn have created the environment defining the pace and pattern of foreign direct investment into the affected countreis. These range from the domestic policy actions taken by governments to the transformation of the Japanese economy as a driving force for FDI. Much of this structural change in the environment for FDI in the region appears to be irreversible. It is in this context that the prospects for FDI in the region and into the affected economies seem to be positive.
Year of publication: |
1998
|
---|---|
Authors: | Alburo, Florian A. |
Published in: |
Philippine Review of Economics. - School of Economics. - Vol. 35.1998, 2, p. 222-247
|
Publisher: |
School of Economics |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Gearing the Philippines for ASEAN economic community
Alburo, Florian A., (2015)
-
On the emerging challenges in the services industry: Trade and investment
Alburo, Florian A., (2018)
-
Export promotion policy and economic growth in the Philippines: A comparative context
Alburo, Florian A., (2018)
- More ...