In 1986, Vietnam adopted a 'Doi Moi' ('new thinking') policy designed to encourage foreign investment, but U.S. trade embargos and sanctions stayed in place until 1994, effectively keeping U.S. investment out of Vietnam. Now, with embargos and sanctions lifted, Americans may be able to...

The paper examines diaspora investments in China and India, compared to investments made by Western MNCs, to demonstrate the unique policy role of ethnic investors. In China, ethnic capital (EDI) holds a significant share of incoming FDI, a phenomenon having been noted insufficiently. When EDI...