Southeast Asia's two largest economies, Indonesia and Thailand, have hosted a large number of foreign multinational corporations (MNCs) over the last decades. Understanding the economic effects of these MNCs is thus a priority for academics, policy makers, and business professionals alike. In this volume, a number of international economists use factory-level data to analyze the effects of MNCs on wages, productivity and exports in Indonesia and Thailand, in unprecedented detail.

'This is a solid book that deals with very technical issues in a clear and succinct manner. Unlike many publications that result from a research project, as this book was, it reads like a coherent whole.' - Francis Edward Hutchinson, Asean Economic Bulletin

List of Tables and Figures
Foreword
Contributors
PART 1: INTRODUCTION AND OVERVIEW
The Issues; E.D.Ramstetter & F.Sjöholm
PART 2: WAGE DIFFERENTIALS AND SPILLOVERS
Foreign MNCs and Wages in Indonesia; R.E.Lipsey & F.Sjöholm
Multinational Corporations and Wages in Thai Manufacturing; O.Movshuk & A.Matsuoka-Movshuk
PART 3: PRODUCTIVITY DIFFERENTIALS AND SPILLOVERS
Productivity Differentials and Spillovers in Indonesian Manufacturing; S.Takii
Are Productivity Differentials Important in Thai Manufacturing?; E.D.Ramstetter
Foreign Ownership and Productivity in the Indonesian and Thai Automobile Industries; K.Ito
PART 4: EXPORTS AND FOREIGN OWNERSHIP
Multinational Companies amd Exports in Indonesian Manufacturing; F.Sjöholm & S.Takii
Exports and Foreign Ownership in Thai Manufacturing; E.D.Ramstetter & M.Umemoto
Index

ERIC D. RAMSTETTER is Head of the Industrial Management Section at the International Centre for the Study of East Asian Development and Visiting Professor in the Graduate School of Economics at Kyushu University, Japan. He has also worked as a consultant for numerous international agencies and governments. His research has focused on analysis of multinational corporations in Asian economies and has been published in numerous journals and books.

FREDRIK SJÖHOLM is Associate Professor at the Stockholm School of Economics, Sweden. Most of his work focuses on East Asia and he has a strong academic record with several publications in high profile professional journals. He has actively disseminated his research to the society outside of academia, both in his work as a consultant for a large number of Swedish and international organizations, and in his frequent engagement with media.