Over the last decade Foreign Direct Investment (FDI) became one of the main vehicles for the increasing integration of the world economy. Although almost all countries have started to compete eagerly for FDI the consequences of increasing FDI-flows are still a point of issue. The Asian crisis in particular has reminded us that an understanding of the underlying principles, the determinants and the effects of FDI is necessary for a proper assessment of adequate policy measures. Offering contributions from European and Asian perspectives, the book addresses the role, the determinants and economic effects of FDI. It provides a blend of informal discussion, recent theory, and empirical analysis on FDI. It covers macroeconomic as well as microeconomic and financial aspects, including the effects of taxes, network effects and multinationals.
About the Author, John-ren Chen
John-ren Chen is Full Professor at the Department of Economic Theory and Economic Policy at the Institute für Wirtschaftstheorie und-politik.
Taiwanese and Austrian economists address the role, the determinants, and the economic effects of foreign direct investment in 11 papers from a November 1998 conference in Taipei. They combine informal discussion and recent theory with empirical analysis to consider macroeconomic, microeconomic, and financial aspects in such areas as taxes, networks, and multinationals. Foreign direct investment is a major vehicle for integrating non-industrialized countries into the capitalist world economy. Annotation c. Book News, Inc., Portland, OR (booknews.com)
