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investment (FDI) inflows. Although much has been written on the impacts of FDI in developing countries, previous studies have … economies, it is also difficult for the central bank to conduct open market operations to sterilize large capital inflows or mop … investment-hungry state-owned enterprises (SOE) sector only exacerbates the situation, and increases the risk of imbalances that …
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The paper argues that East Asian regionalism is fragile because (i) each nation's industrial competitiveness depends on the smooth functioning of "Factory Asia" - in particular for intraregional trade; (ii) the unilateral tariff-cutting that created Factory Asia is not subject to WTO discipline...
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