long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

Foreign Direct Investment (FDI) flows record the value of cross-border transactions related to direct investment during … earnings, and intercompany debt transactions. Outward flows represent transactions that increase the investment that investors … earnings, less any transactions that decrease the investment that investors in the reporting economy have in enterprises in a …

The central question tackled here is that of the desirability of foreign direct investment over other flows, such as …

Developing and transition economies are seeking to accelerate their development by liberalising trade and investment …, concerns have been expressed that some countries might turn away from open trade and investment. In fact, most crisis …-affected countries are continuing to liberalise trade and investment, which they see as part of the solution to the crisis, not the cause …

investment have achieved double the average annual growth of more closed economies. More individuals, firms and nations than ever … before depend on the gains from trade and investment liberalisation. Yet anxiety about the effects of greater market … integration remains. It is essential for long-term world prosperity that countries' commitment to trade and investment …