Trade and Foreign Investment in East and South-East Asia (ESEA)

摘要

This paper provides a preliminary analysis of some recent data on trade and211u001eforeign direct investment (FDI) in East and South-East Asia (ESEA). It also 211u001eattempts a brief review and synthesis of some recent theoretical research on 211u001etrade, FDI and growth in the ESEA context. The paper suggests both theoretial 211u001eunderpinnings and preliminary empirical evidence in favor of the possible 211u001epresence of a 'virtuous growth cycle' whereby trade expansion, FDI and growth 211u001einteract closely and sustain one another in ESEA. The paper also draws attention 211u001eto the unique dynamics of ESEA trade and FDI, where individual countries 211u001econtinuously upgrade their exports and constantly transform themselves from 211u001erecipients of inward FDI to providers of outward FDI as they go through the 211u001egrowth cycle.