ABSTRACT

Three principal findings are set out in this chapter: i) American firms made relatively few new investments in post-crisis Korea and Thailand, leaving both countries as part of a second tier of US investment sites in the Asian region; ii) European, Singaporean and Japanese firms pursued FDI more aggressively; and iii) foreign investment in developing Asia was neither the centre of Asian nor emerging market investment during the late 1990s and early 2000s.