Premium
Foreign Investment in Southeast Asia in Historical Perspective[Note 1. This article was written in conjunction with my participation ...]
Author(s) -
Lindblad J. Thomas
Publication year - 1997
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/1467-8381.00023
Subject(s) - boom , foreign direct investment , hierarchy , colonialism , investment (military) , foreign portfolio investment , perspective (graphical) , economics , economy , open ended investment company , market economy , development economics , political science , return on investment , macroeconomics , politics , law , artificial intelligence , environmental engineering , production (economics) , computer science , engineering
This paper places today's spectacular boom in foreign investment throughout Southeast Asia in its appropriate historical perspective. It contrasts the most authoritative statistical evidence pertaining to the late 1930s and the late 1980s and identifies features of change and continuity between the late‐colonial period and today. It is observed that nationalities of investors and targets of foreign investment have changed dramatically whereas the hierarchy of recipients, the investment climate and the function of foreign investment in the host country economy all display a certain continuity. The salient question is whether the impact of contemporary foreign investment on economic growth in the host country will be more lasting than was the case in colonial days.