This study draws upon a firm level database from Taiwan to study the foreign direct investment (FDI) behavior of firms. An econometric model based on economic theories of the MNC behavior is used for carrying out the empirical analysis. The performance of Taiwanese firms with FDI in Mainland China(PRC) and South-East Asia can be explained by this model that focuses upon capital utilitization, management experience, industrial and macroeconomic environment. The results show that the higher the as more...

China has taken advantage of the globalisation process and has become a assembly country for firms in Asia which have extended to China their production and trade networks. China’s position in the segmentation of the production processes has fostered its trade in high-technology products. However the rapid technological upgrading of China’s trade is associated with an increasing dependence on foreign capital and technology. The emergence of China has led to the reorganisation of production i more...

Access to off-shore markets, technology, and ideas are important to greater productivity and higher living standards in New Zealand. Global connectedness requires deep and rich links with other countries. However, as a small country, we only have the resources to focus on a handful of countries. Are there a key set of countries with which New Zealand should be seeking to form deeper bilateral economic relationships? This paper reviews the benefits from deeper external bilateral economic engageme more...

Many of the EU accession countries are confident that membership will result in substantially increased inward foreign direct investment (FDI). At the same time, other peripheral EU members (such as Spain and Portugal) are concerned that FDI will be displaced to these new countries. I postulate that the new members cannot expect the same increased FDI flows that resulted to earlier EU entrants. Both groups of countries cannot base their industrial development strategy on passive reliance on such more...

In this paper, we question whether there is a catch-up effect or announcement effect in Foreign Direct Investment (FDI) from the European Union (EU) to the ten EU accession countries. We study FDI outflows from the Netherlands, a small open economy with few historical ties to Eastern Europe, and compare FDI in the transition countries in Central and Eastern Europe to FDI in other regions - most notably to transition countries in Central Asia.

The International Finance Corporation Private Enterprise Partnership for Africa was established in 2005 to stimulate private sector growth. IFC PEP Africa partners with donors, governments and the private sector to package and deliver programs

A lively debate has emerged on how high enterprise profits are in China and what role they play in financing enterprise investment. The issue is highly relevant for policy makers for both macroeconomic and microeconomic reasons.

This series of World Bank Briefing Papers looks at how to define globalization and then assesses three leading questions about globalization by looking at the evidence from a large number of countries. These papers concentrate on the international trade dimension of globalization; subsequent Briefing Papers will look at other dimensions and questions about globalization.

This essay, by David Henderson, former OECD Chief Economist, is concerned with the evolution of economic policies across the world. Within this large subject area, his chosen theme, his perspective for viewing and judging events is the changing fortunes of economic liberalism - that is, the ever shifting balance within economic policies between liberalism and interventionism.

This year´s World Investment Report focuses on the rise of foreign direct investment (FDI) by transnational corporations (TNCs) from developing and transition economies.

New sources of FDI are emerging among developing and transition economies. This phenomenon has been particularly marked in the past ten years, and a growing number of TNCs from these economies are emerging as major regional - or sometimes even global - players. The new links these TNCs are forging with the rest of the world more...