The Role of Foreign Direct Investment in East Asian Economic Development

A dozen edited versions of papers presented at a June 1998 seminar in Osaka, Japan focus on the microeconomic determinants and effects of foreign direct investment in the region. Combining innovative methodology, theory, and quantitative evidence, economists from the east and west examine such matters as the influence the flow of private capital exerts on resource allocation, its specific effects on economic growth, what determines the direction and composition of capital flows, how different foreign-owned or joint-venture firms are from local firms. Annotation c. Book News, Inc., Portland, OR (booknews.com)