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New Development Strategies under Globalization: Foreign Direct Investment and International Commercial Policy in Southeast Asia

In: New Development Strategies

Author

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  • Fukunari Kimura

Abstract

With the rapid progress of globalization there has been increasing demand for a fundamentally different policy framework for industrial development in less developed countries (LDCs). Today LDCs are facing a vastly changed economic environment. Corporate activities have rapidly globalized and channels of international transactions have become ever more diversified. Enforcement power has been given to the international policy discipline imposed by the World Trade Organization (WTO) and participation in the formation of free trade agreement (FTA) networks has become a sort of obsession. In the 1950s and 1960s developing countries such as Japan, Korea and Taiwan existed in a much quieter world and took a lot of time to foster their firms and industries. Today’s LDCs cannot afford to be slow in building up the foundations of economic development. The key issue when formulating development strategies is how to catch up with the wave of globalization.

Suggested Citation

  • Fukunari Kimura, 2004. "New Development Strategies under Globalization: Foreign Direct Investment and International Commercial Policy in Southeast Asia," Palgrave Macmillan Books, in: Akira Kohsaka (ed.), New Development Strategies, chapter 6, pages 115-133, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52360-9_6
    DOI: 10.1057/9780230523609_6
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    Cited by:

    1. Fukunari Kimura, 2010. "The Spatial Structure of Production/Distribution Networks and its Implication for Technology Transfers and Spillovers," Chapters, in: Daisuke Hiratsuka & Yoko Uchida (ed.), Input Trade and Production Networks in East Asia, chapter 8, Edward Elgar Publishing.
    2. Fukunari KIMURA, 2006. "International Production and Distribution Networks in East Asia: Eighteen Facts, Mechanics, and Policy Implications," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 326-344, December.
    3. Nozomu Kawabata, 2016. "The Vietnamese Iron and Steel Industry in Transition to a Market Economy -Attainments and Challenges-," TERG Discussion Papers 349, Graduate School of Economics and Management, Tohoku University.

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