ABSTRACT
This chapter seeks to do three main things. First it examines the extent to which Asian developing countries have participated in the trend towards a globalizing world economy over the past two decades or so. Second, it looks more specifically at the ways in which one of the main engines of globalization, viz. inbound investment by foreign institutions and individuals in Asia and outbound investment by Asian multinational enterprises (MNEs) and individuals have contributed towards a deepening economic interdependence between Asian countries and the rest of the world. Third, it presents some recently published data on trends of European foreign direct investment (FDI) in Asian developing countries, and of how some 310 leading MNEs and international experts, view future corporate investment priorities up to the year 2001.
