The international flow of long-term private capital has increased dramatically in the 1990s. In fact, many policymakers now consider private foreign capital to

Foreign direct investment (FDI) has grown dramatically and is now the largest and most stable source of private capital for developing countries and economies i

East Asia is the most competitive and dynamic industrial region in the developing world. This is universally acknowledged but not yet fully understood. In parti

During the 1990s, the governments of South Asian countries acted as ‘facilitators’ to attract FDI. As a result, the inflow of FDI increased. However, to bec

For several decades, fast-growing East Asia has been the envy of the developing world. Not only has East Asia outperformed all other regions of the world, but i