ebook img

Asia-Pacific Trade and Investment Review, Vol. 1 No. 2 (November 2005) PDF

120 Pages·2006·0.65 MB·English
Save to my drive
Quick download
Download
Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.

Preview Asia-Pacific Trade and Investment Review, Vol. 1 No. 2 (November 2005)

ESCAP is the regional development arm of the United Nations and serves as the main economic and social development centre for the United Nations in Asia and the Pacific. Its mandate is to foster cooperation between its 53 members and 9 associate members. ESCAP provides the strategic link between global and country-level programmes and issues. It supports Governments of the region in consolidating regional positions and advocates regional approaches to meeting the region’s unique socio-economic challenges in a globalizing world. The ESCAP office is located in Bangkok, Thailand. Please visit our website at www.unescap.org for further information. The shaded areas of the map are ESCAP Members and Associate members. ASIA-PACIFIC TRADE AND INVESTMENT REVIEW Vol. 1, No. 2 United Nations E S C A P New York, 2005 ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC i ASIA-PACIFIC TRADE AND INVESTMENT REVIEW Vol. 1, No. 2 United Nations publication Sales No. E.05.II.F.33 Copyright  United Nations 2005 All rights reserved Manufactured in Thailand ISBN: 92-1-120446-1 ISSN: 1815-8897 ST/ESCAP/2383 The designations used and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. The views expressed in this publication are those of the authors and do not necessarily reflect the views of the United Nations. Mention of firm names and commercial products does not imply the endorsement of the United Nations. ii AIMS AND SCOPE The Asia-Pacific Trade and Investment Review is a biannual, peer-reviewed journal for the dissemination of timely information and research analysis on the new, emerging issues of trade, investment and enterprise development in Asia and the Pacific. Primarily aimed at government policymakers, researchers and representatives of the private sector, the Review imparts information on the latest trends in trade and investment policy issues facing the region. The Review emphasizes implications for policy relevance and operational research rather than academic research on theoretical and methodological issues. Articles will be drawn from research work conducted by outside researchers as well as the staff of the Trade and Investment Division of ESCAP and its consultants. ADVISORY BOARD MEMBERS Mohamed Ariff Malaysian Institute of Economic Research Kuala Lumpur, Malaysia Sanjaya Lall Oxford University Oxford, United Kingdom Razeen Sally London School of Economics London, United Kingdom Karl P. Sauvant Formerly with UNCTAD, Geneva, Switzerland Rajah Rasiah Asia-Europe Institute University of Malaysia, Kuala Lumpur, Malaysia John S. Wilson The World Bank Washington, D.C., United States of America Patrick Low World Trade Organization Geneva, Switzerland iii EDITORS Chief Editor Xuan Zengpei Director, Trade and Investment Division Managing Editors Joong-Wan Cho Investment and Enterprise Development Section Trade and Investment Division Marc Proksch Trade Policy Section Trade and Investment Division Yann Duval Trade Policy Section Trade and Investment Division iv ASIA-PACIFIC TRADE AND INVESTMENT REVIEW Vol. 1, No. 2, November 2005 CONTENTS Page Research Articles ........................................................................................................ 1 Tham Siew Yean Japan’s Response to Globalization: Learning from Japanese Direct Investment .... 3 Indra Nath Mukherji The Bangkok Agreement: A Negative List Approach to Trade Liberalization in Asia and the Pacific ........................................ 27 Rashmi Banga Foreign Direct Investment in Services: Implications for Developing Countries .......... 55 ESCAP secretariat Issues of Interest in WTO for Countries with Economies in Transition: Doha Development Agenda ........................... 73 Policy Briefs ................................................................................................................ 91 The Chinese Yuan Revaluation: Effects and Implications for Exchange Rate Policy ..................................................................................................... 93 Liberalization of Market Access in GATS Mode 4 and its Importance for Developing Countries .................................................................................... 101 Executive Summaries of Recent Studies in Trade and Investment Published by the Secretariat ........................................................................................................ 109 The Role of Trade and Investment Policies in the Implementation of the Monterrey Consensus: Regional Perspectives .............................................. 111 v This page intentionally left blank Asia-Pacific Trade and Investment Review Vol. 1, No. 2, November 2005 Research Articles 1 Asia-Pacific Trade and Investment Review Vol. 1, No. 2, November 2005 Japan’s Response to Globalization: Learning from Japanese Direct Investment Tham Siew Yean* EXECUTIVE SUMMARY he global production activities of transnational corporations (TNCs) that Tare conducted via foreign direct investment (FDI) constitute one important dimension of economic globalization. Therefore, the response of a country towards TNC activity and FDI represents a key component of a country’s strategy towards harnessing globalization for its national development. This article analyses the approach of Malaysia and Japan towards the globalization of production and FDI. Second, it will also assess whether the policies that have been utilized by Japan can be used or adapted for Malaysia and other developing countries. While both Malaysia and Japan tapped on the globalization of production and investment flows for their development, the two countries differed significantly in their response. Malaysia utilized investment inflows for acquiring the appropriate technology that is necessary for its industrial development. In so doing, Malaysia became part of the TNC global production networks, especially in the electrical and electronics subsector. However, the lack of an indigenous technology base and the utilization of foreign workers have limited its progress up the technology ladder and its position in the TNC global production networks. (continued on page 4) * Deputy Director and Principal Fellow, Institute of Malaysian and International Studies, National University of Malaysia, 43600 Bangi, Selangor, Malaysia, Tel.: (60 3) 89214171, Fax: (60 3) 89261022, E-mail:

See more

The list of books you might like

Most books are stored in the elastic cloud where traffic is expensive. For this reason, we have a limit on daily download.