OECD Working Papers on International Investment

ISSN :
1815-1957 (online)
DOI :
10.1787/18151957
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Selected studies on international investment and investment policy prepared for use within the OECD. They address such issues as investment agreements, dispute settlement, fair and equitable treatment, most favored nation treatment, and corruption.
 

Southeast Asia

The Role of Foreign Direct Investment Policies in Development You or your institution have access to this content

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Author(s):
Stephen Thomsen1
Author Affiliations
  • 1: OECD, France

Publication Date
01 Jan 1999
Bibliographic information
No:
1999/01
Pages
34
DOI
10.1787/431857742281

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At a time of continuing financial crisis in Asia, the question of the appropriate policies for recovery and for future sustainable development is paramount. One area of particular importance is the treatment of foreign investors. Foreign direct investment (FDI) has played a leading role in many of the economies of the region, particularly in export sectors, and has been a vital source of foreign capital during the crisis. The four countries reviewed in this study — Indonesia, Malaysia, the Philippines and Thailand (referred to hereinafter as the ASEAN4) — have all to varying degrees welcomed inward investment for its contribution to exports. As a result, although only a small share of total investment or employment in each economy, FDI has been a key factor driving export-led growth in Southeast Asia. Foreign firms have by no means been the only actors, but they have played a leading role in those sectors with the fastest export growth such as electronics. Through such investment ...