JAPANESE AND AMERICAN DIRECT INVESTMENT IN ASIA = A COMPARATIVE ANALYSIS

Abstract

In troductionIn order to empirically investigate the differences between "Japanese-type" direct foreign mvestment (DFI) and "U S -type" DFll (Section II) I have engaged in cases studies of DFI in Asian developing countries over the last few years.I have focused on the four Asian Newly IndustLialising Countries (NlCs) (Korea, Hong Kong, Singapore, and Taiwan) and the four larger ASEAN (Association of Southeast Asian Nations) countries (Indonesia, the Philippines.Malaysia, and Thailand).While the studies have been hampered by the lack of data, notably the lack of consistent, internationally comparable direct investment data, some interesting results have emerged and this paper briefly summarises the more important findings of these studies.* These differences were first noted by Kojima (1973) and then detailed in Kojima (1978).The theoretical framework has since been further developed by Kojima (1982) and Kojima and Ozawa (1984).

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