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Conference Paper: Responses to globalization in East Asia and Latin America: the activity locations of multinational manufacturers in the Asia-Pacific

TitleResponses to globalization in East Asia and Latin America: the activity locations of multinational manufacturers in the Asia-Pacific
Authors
Issue Date2002
PublisherInter-American Development Bank.
Citation
The Annual Conference of the Strategic Management Society, Paris, France, 22-25 September 2002. In LAEBA Proceedings, 2002, p. 1-32 How to Cite?
AbstractArguably, no region in the world has benefited more from the globalization of the world economy over the last thirty years than East Asia. At the same time, the prevailing wisdom has been that they have not benefited from globalization to the same extent. The present paper shows that the differences in economic performance between East Asia and Latin America can be attributed in part to differences in their linkages with the global economy. It goes on to show that different corporate activities can represent different types of foreign investment. Data from a survey of manufacturing multinationals active in the Asia-Pacific region shows that the determinants of foreign investment differ by activity. This indicates that nations interested in attracting different corporate activities might wish to adopt different policy mixes. The results indicate that investments in infrastructure and managerial capabilities can contribute to an economy’s ability to attract a broad range of corporate activities. Results on tariffs and capital controls do not support the Washington consensus that greater openness will lead to greater investment. Instead, the results support the revisionist view that protection and a relatively active government have contributed to the attraction of foreign direct investment and the development of the Asian economies.
DescriptionWorking Paper no. 3
Persistent Identifierhttp://hdl.handle.net/10722/112120

 

DC FieldValueLanguage
dc.contributor.authorEnright, MJen_HK
dc.date.accessioned2010-09-26T03:18:30Z-
dc.date.available2010-09-26T03:18:30Z-
dc.date.issued2002en_HK
dc.identifier.citationThe Annual Conference of the Strategic Management Society, Paris, France, 22-25 September 2002. In LAEBA Proceedings, 2002, p. 1-32-
dc.identifier.urihttp://hdl.handle.net/10722/112120-
dc.descriptionWorking Paper no. 3-
dc.description.abstractArguably, no region in the world has benefited more from the globalization of the world economy over the last thirty years than East Asia. At the same time, the prevailing wisdom has been that they have not benefited from globalization to the same extent. The present paper shows that the differences in economic performance between East Asia and Latin America can be attributed in part to differences in their linkages with the global economy. It goes on to show that different corporate activities can represent different types of foreign investment. Data from a survey of manufacturing multinationals active in the Asia-Pacific region shows that the determinants of foreign investment differ by activity. This indicates that nations interested in attracting different corporate activities might wish to adopt different policy mixes. The results indicate that investments in infrastructure and managerial capabilities can contribute to an economy’s ability to attract a broad range of corporate activities. Results on tariffs and capital controls do not support the Washington consensus that greater openness will lead to greater investment. Instead, the results support the revisionist view that protection and a relatively active government have contributed to the attraction of foreign direct investment and the development of the Asian economies.-
dc.languageengen_HK
dc.publisherInter-American Development Bank.en_HK
dc.relation.ispartofLAEBA Proceedingsen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleResponses to globalization in East Asia and Latin America: the activity locations of multinational manufacturers in the Asia-Pacificen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailEnright, MJ: mjenrigh@hkucc.hku.hken_HK
dc.identifier.authorityEnright, MJ=rp01059en_HK
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros84327en_HK
dc.identifier.hkuros84334-
dc.identifier.hkuros113228-
dc.identifier.spage1-
dc.identifier.epage32-
dc.publisher.placeUnited States-
dc.description.otherThe Annual Conference of the Strategic Management Society, Paris, France, 22-25 September 2002. In LAEBA Proceedings, 2002, p. 1-32-

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