ASEAN after the financial crisis

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]

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