New Dimensions Of Economic Globalization

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Intro Contents Preface Section I: Introduction and Overview Chapter 1 Overview: Explaining the New Surge of Outward Foreign Direct Investment (FDI) from Asia Ramkishen S. Rajan, Rajiv Kumar and Nicola Virgill 1. Introduction 2. Data Limitations and Issues 3. The Intra-Asian OFDI Phenomenon 3.1. Push Factors (Exhausted Markets) 3.2. National Champion Strategy 3.3. The â#x80 #x9C Greater Chinaâ#x80 #x9D Effect 3.4. Traditional FDI Motives Facilitated by Liberalization of Policy Regimes 4. Concluding Remarks References Chapter 2 Emerging FDI Trends in Developing Asia Dilek Aykut 1. Introduction 2. The Increased Role of M&A as a Form of FDI3. Shift in Sectoral Distribution of FDI 3.1. Trends in Services FDI 3.2. Factors Affecting Services Sector FDI and Policy Implications 4. Emerging Multinationals from Developing Countries 4.1. Trends in Outward FDI Flows 4.2. Characteristics of Main Investors 4.3. Geographic Distribution 5. Conclusion and Policy Implications References Chapter 3 Intra-Asian FDI Flows: Trends, Patterns, and Determinants Rabin Hattari and Ramkishen S. Rajan 1. Introduction 2. Definitions and Data Sources 3. The Extent of Intra-Asian FDI Flows: Trends and Patterns3.1. Aggregate Inflows to and Outflows from Developing Asia 3.2. Intraregional Asian FDI Flows: A First Look 4. Determinants of FDI Outflows from Asia 4.1. The Model 4.2. Data, Methodology, and Results 5. Conclusion References Section II: Asian Giants (Japan, China, and India) Chapter 4 Japanâ#x80 #x99 s Outward FDI in the Era of Globalization Daisuke Hiratsuka 1. Introduction 2. What does Determine OFDI? 2.1. New Economic Geographyâ#x80 #x99 s Hypothesis 2.2. Agglomeration Forces versus Dispersion Forces 2.3. Driving Forces and Types of FDI2.4. Ricardian Model of Differences in Factor Prices 2.5. Production Fragmentation and Production Networks 3. New Asian Economic Landscape 3.1. Changes of Trade Patterns Inside Asia 3.2. Formation of Production and Distribution Networks 3.3. Increasing Profits in Overseas Markets 4. Distribution of Japanâ#x80 #x99 s OFDI 4.1. Inactive Japanâ#x80 #x99 s OFDI up to 1985 4.2. First Boom-Decline FDI Cycle between 1986 and 1992 4.3. Second Boom-Decline Cycle between 1993 and 1997 4.4. After the Asian Currency Crisis 5. Japanâ#x80 #x99 s OFDI Patterns Inside Asia 5.1. Inactive Japanâ#x80 #x99 s OFDI up to 19855.2. First Boom-Decline FDI cycle between 1986 and 1992 5.3. Second Boom-Decline Cycle between 1993 and 1997 5.4. After the Asian Currency Crisis: Rise of China and Resurgence of ASEAN 6. Evolution of Global Presence by Japanese Firms: Industrial Patterns and Motivations 6.1. Industrial Patterns 6.2. Motivations of Japanâ#x80 #x99 s FDI in Asia 6.3. International Expansion by Japanese SMEs 7. Conclusion and Policy Implications References Chapter 5 The Pattern and Magnitude of Chinaâ#x80 #x99 s Outward FDI in Asia Shaoming Cheng and Roger R. Stough