This paper examines the relationship between international trade and foreign direct investment (FDI). In particular, it explores the impact of FDI on the pattern of trade in Korea during the 1990s. There were relatively rapid increases in outward and inward FDI flows; however, for manufacturing...

The purpose of this paper is twofold. The first is to determine empirically whether there is a unique regional model of foreign direct investment (FDI) somewhere in the Asia–Pacific region, driven by complex ‘network’ behaviour of multinational corporations. The second is to determine...

Australia and the United States signed a bilateral trade agreement in 2004. This paper analyses the provisions of the agreement, compares the provisions with other bilateral and multilateral agreements and comments on the modelling that the Australian Government used to estimate the likely...

There has been a proliferation of proposals for bilateral free trade areas (FTAs) in East Asia in recent times. These initiatives fly in the face of the long-standing support of key players in the region such as Japan for the MFN-based non-discriminatory trading system and the commitment to...

During the Asian crisis, China’s healthy reserves and low debt made possible the avoidance of a ‘country run’. Nonetheless, it did experience a substantial increase in private savings, an associated increase in capital outflow and a slowdown in economic growth. This paper employs a global...

This paper explores the political economy of Japanese real estate foreign direct investment between 1985 and 1994. In this period there was a remarkable rise and decline in Japanese real estate investment abroad. The experience was important, not only because of the sharp growth in the share of...

This paper examines the ‘exporting job’ hypothesis that expansion of overseas opera­tions of manufacturing multinational enterprises (MNEs) reduces home employment using data for Japanese MNEs. While the existing studies are mainly based on the industry level data, this paper presents the...

The decision to establish the ASEAN Free Trade Area (AFTA) by the year 2005 has resulted in producers in all ASEAN countries except Singapore raising concerns relating to potential loss of market share and adjustment pressures. Underlying these concerns is the view that the expected growth in...

This paper estimates an economic growth equation cross-sectionally for thirty provinces and cities in China for 1990–94 using an expanded production function which includes infrastructure variables as well as traditional variables such as labour, capital and export. Special care was taken in...