Edited by Robert Taylor and Bernadette Andreosso-O’Callaghan
Chapter 2: Emerging Asian economies and MNC strategies – a review of the literature
AbstractWith the economic rise of China, the issue of outward direct investment (ODI) in advanced economies by emerging countries has attracted widespread attention since the mid-2000s. Developing Asia accounts for nearly one-quarter of all ODI flows. Japan, Taiwan, South Korea and other ‘Asian tigers’ were all the pre-cursors of ODI from emerging economies in Europe and the USA after World War II. What is different today is the scale of the phenomenon and the pace at which it has evolved in just ten years, particularly from China. This chapter offers a review of the literature on ODI from East-Asian emerging economies. A discussion on the suitable theoretical background is proposed; old ‘mainstream’ theories are concisely and critically discussed in light of current insights drawn from the recent literature that could evolve eventually into a new or a substantially reformulated theory. Key words: emerging countries, foreign direct investment (FDI), FDI theory, Asia.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.