外商直接投资和东盟国家的工业化外文原文.pdfVIP

Foreign Direct Investment and Industrialization in ASEAN Countries By Ulrich H i e m e n z Contents: I. Introduction. - II. The Pattern of FDI by Home Country. - III. FDI and Industrial Development. - IV. The Trade Orientation of FDI. - V. Conclusions. I. I n t r o d u c t i o n lthough foreign investment (FDI) was not a very important component A of total gross domestic capital formation in any of the ASEAN countries except Singapore [Hill, Johns, 1985, pp. 360-361], there is little dissent among professional economists that - in one way or another - FDI has indeed promoted industrial development in ASEAN as well as other Asian countries. The discussion rather focuses on the extent of benefits derived from FDI and on the question whether FDI from one home country, in particular Japan, has been better attuned to the development needs of host countries than FDI from other home countries [e.g., Kojima, 1978; 1985; Sekiguchi, Krause, 1980; Lee, 1983; 1984]. Both issues are addressed in the subsequent analysis of German, Japanese, and U.S. investment in ASEAN countries. The study supplements work recently done by Ariff, Hill [1985], Hill, Johns [1985], and Hill [1985]. The subsequent section provides a brief overview of the sectoral distribu- tion of FDI across ASEAN countries and across manufacturing industries. In Section III, the pattern of FDI from different home countries is compared to a number of industry characteristics in the host countries. Although large gaps in data