ASEAN after the Financial Crisis: Links between Foreign Direct Investment and Regulatory Change

Abstract

Using data gathered directly from Japanese, European and U.S. firms with investments throughout ASEAN, this article shows that multinational firms uniformly anticipated Asian crisis-induced reforms that would beneficially affect overall investment environments. It also demonstrates significant correlations between reform expectations and anticipated improvements in the ASEAN investment environment. Differences between Japanese and European/ U.S. firms are highlighted, and the article concludes that reforms should be progressed as fully and swiftly as possible to safeguard FDI flows and thereby help to ensure that recovery is sustained. [ABSTRACT FROM AUTHOR] \n \nCopyright of ASEAN Economic Bulletin is the property of Institute of Southeast Asian Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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