The rapid growth of developing Asia has attracted, and been facilitated by, foreign direct investment (FDI). Potential benefits of FDI inflows extend far beyond financial resources, but costs may entail as well. Governments throughout the region have been striving to find an appropriate policy mix for FDI that will maximize the net benefits for their economies. There is considerable variation in policies and experiences with FDI across countries. This study looks at FDI flows, consequences, and policies in developing Asia. It focuses on a diverse set of six Asian countries and draws lessons from their experiences in managing FDI.

Foreign Direct Investment: Recent Trends and the Policy Context; D.H.Brooks, E.X.Fan & L.R.Sumulong
Six Asian Economies: Issues and Lessons; H.Hill
People's Republic of China; X.Wang
India; N.Kumar
Republic of Korea; S-B.Lee, J-D.Kim & N-G.Choi
Malaysia; T.Siew-Yean
Thailand; S.Tangkitvanich, D.Nikomborirak & B.Krairiksh
Viet Nam; T.Bui

DOUGLAS H. BROOKS is at the Asian Development Bank based in Manila, Philippines.

HAL HILL is the H.W. Arndt Professor of Southeast Asian Economies at the Australian National University in Canberra, Australia.