Outward Foreign Direct Investment in ASEAN

Outward Foreign Direct Investment in ASEAN
Date of publication:  2017
Publisher:  ISEAS – Yusof Ishak Institute
Number of pages:  231
Code:  PIC245
Soft Cover
ISBN: 9789814762403
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Krislert Samphantharak, Pacific Affairs, Vol. 92:3, 2019. 

"This book, edited by Cassey Lee and Sineenat Sermcheep, contains a series of chapters that cover various aspects of OFDI in ASEAN, as the title suggests. 

There are several reasons that this book deserves high praise. First, it is one of the first that covers OFDI in ASEAN systematically, providing a basic framework, crucial stylized facts on both historical development and the current situation, and illustrative case studies. It is an important topic but is currently understudied - almost all studies about foreign direct investment in ASEAN have focused on the role of inward foreign direct investment (IFDI) from higher-income countries. 

Second, the various authors are successful in positioning OFDI in the larger context of the economic development of Southeast Asia, convincingly and seamlessly drawing parallels to development strategies adopted by the countries in this region since the end of the Second World War. 

Third, the book demonstrates how OFDI is one of the salient features that characterizes a higher degree of regional economic integration achieved by ASEAN member states."

About the publication

The level of outward foreign direct investment (OFDI) flows from ASEAN countries has increased rapidly in past two decades. This book examines OFDI trends and patterns in the ASEAN region including the impact of the ASEAN Economic Community. It also provides analyses of country policies affecting OFDI and the drivers of OFDI in Indonesia, Malaysia, Singapore and Vietnam. Myanmar is studied as an investment frontier for other ASEAN countries. 

"The dynamic economies of Southeast Asia have historically been very large recipients of foreign direct investment (FDI). As global capital markets have opened up, and these economies have developed their technological and commercial capabilities, in more recent years Southeast Asia has emerged as a significant source of outward FDI both within the region and beyond. This important volume, by a group of leading regional scholars, offers a timely, comprehensive, accessible and authoritative analysis of this phenomenon."
Hal Hill, H.W. Arndt Professor of Southeast Asian Economies, Arndt-Corden Department of Economics, Crawford School of Public Policy, Australian National University

"A timely, rich and comprehensive study filling a major gap in the literature on the increasingly important phenomenon of foreign investment flowing out from regions including developing and middle-income countries."
Luke Nottage, Professor of Comparative and Transnational Business Law; Associate Director, Centre for Asian and Pacific Law at the University of Sydney


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