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The spectacular economic development in eastern Asia at the end of last century brought international watchers to despair twice: first the growth, later the crisis. They could not explain both phenomena. This book tries to fill the gap. The authors use the term "international capital flow" as the key. They see the quick growth and the sudden crisis as sides of the same coin. With this they bridge the literature on the "Asian growth" on the one hand with the literature on the "Asian-crisis" literature on the other.
J. Thomas Lindblad is lecturer in economic history and the history of SouthEast Asia at the University of Leiden.
|A Regional Perspective on Asian Growth and Foreign Capital||1|
|Managing Capital Flows in an Era of International Financial Volatility: The Southeast Asian Experience||14|
|The Impact of the Asian Economic Crisis on the Prospects for Foreign Direct Investment in Indonesia||37|
|Capital Formation and Foreign Direct Investment in South Korea and Taiwan: Coping with Diminishing Returns||59|
|Foreign Capital and Economic Growth in Eastern Asia: The Case of Korea||99|
|Foreign Investment and Growth in Thailand||119|
|Foreign Capital and Economic Dynamism in Thailand before the Financial Crisis of 1997||140|
|The Growth of the Capital Stock and Technological Change in the Indonesian Textile Industry||153|
|Japanese Foreign Direct Investment into Asia and its Role in Asian Industrialization||183|
|Technology Transfer through Japanese Investment in the Automotive and Electronics Industry in Thailand||216|
|Northeast Asian Capital as a Growth Factor in Southeast Asia: A Case Study of Korean Investment in Indonesia and Thailand||230|
|About the Authors||247|