(EGM) Foreign Direct Investment in Southeast Asia - Unido

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The logistics of the UNIDO ITPO Delegate Programme were discussed with respect to funding issues, capacity-building and investment networking. It was also pointed out that project profiling with high fidelity to the actual facts ‘on-the-ground’ was of vital importance to potential investors. Finally, the key to the ITPO Delegate Programme was skills upgrading in respect of understanding the needs of investors. 44
Conclusion Emerging Policy Directions and Research Agenda Comments At the final session of the EGM, the panellists were invited to provide some concluding comments, based on the presentations, commentaries and discussions of the previous two days. Brian Caplen noted the increasing complexity of FDI activity, and the challenges this poses for policy-makers and IPAs. In response, the general trend amongst several Southeast Asian countries has been to shake up their FDI attraction processes and targets. There have also been responses at the regional level, including efforts to harmonise regulatory regimes and standards. The rise of China as an unparalleled magnet of FDI inflows poses a threat, but also provides an opportunity for Southeast Asian countries. The somewhat intangible, but clearly evident, entrepreneurial spirit to be found in many countries of the region is perceived by overseas investors as a genuine asset that will attract foreign capital inflows. The conundrum as to whether strong FDI inflows reflect the strength or weakness of a host country, and its domestic corporate sector, was also a point of discussion. If there is a trend by MNEs to move away from vertical organisational structures, primarily linked by direct shareholdings, and towards looser structures with less equity underpinning, then this would imply that conventional FDI activity will diminish, to some degree at least. Instead, domestic firms will participate in MNEs’ ‘integrated global factory’ as suppliers, contractors and in other (non-equity) relationships that have relatively little or no FDI component. Therefore, a country and its domestic corporate sector that is successful in plugging into this new breed of production from the ‘integrated global factory’ might actually expect to see its aggregate FDI inflow figures to diminish. If so, annual ‘headline numbers’ for cumulative FDI inflows, so often used by countries to indicate their relative success as a conducive host country environment for business, may 45
Page 3: Foreign Direct Investment in Southe
Page 6 and 7: Abbreviations and Acronyms ADB Asia
Page 8 and 9: thinkers and writers on FDI and mat
Page 10 and 11: The realignment of structural facto
Page 12 and 13: Recent years have seen increasing c
Page 14 and 15: overlap according to production pro
Page 16 and 17: enchmark rankings should be one aim
Page 18 and 19: Theme 2 FDI and National Experience
Page 20 and 21: ‘pipeline’ of harmonising legis
Page 22 and 23: major determinant of success. This
Page 24 and 25: and viii) general foreign investor
Page 26 and 27: Investment policy craft -- creating
Page 28 and 29: policies, as they would treat forei
Page 30 and 31: It appears that the advantages and
Page 32 and 33: seeking to attract FDI? Examining t
Page 34 and 35: attractiveness of the region to inv
Page 36 and 37: Theme 4 FDI and the China Dimension
Page 38 and 39: greater regional collaboration, the
Page 40 and 41: The increasing significance of outs
Page 42 and 43: aise their own finance like any oth
Page 44 and 45: Notwithstanding the dynamics of ris
Page 48 and 49: no longer be an appropriate indicat
Page 50 and 51: FDI lens. Consequently, some IPAs h
Page 52 and 53: Select References Bartels F.L. and
Page 54 and 55: Annex 2: Participants at the EGM Co
Page 56 and 57: Appendix I: Thematic Programme of t
Page 58 and 59: 12.30-14.0 Lunch Plenary Discussion
Page 60 and 61: Appendix II: Opening Statement by t
Page 62 and 63: Appendix III: Opening Statement by
Page 64 and 65: and practitioners in other developi
Page 66 and 67: The themes of the EGM have been car
Page 68 and 69: Appendix V: EGM Working Paper EF Un
Page 70 and 71: ABSTRACT This working paper discuss
Page 72 and 73: In recent years, we have seen incre
Page 74 and 75: usiness domestically (improving int
Page 76 and 77: intra-industry trade, which account
Page 78 and 79: The agglomeration of markets and di
Page 80 and 81: These patterns are characterised by
Page 82 and 83: etween locations and maximises the
Page 84 and 85: ecome insiders and thus avoid being
Page 86 and 87: (iv) Those that relate to the “pu
Page 88 and 89: their indicators 50 of industrial p
Page 90 and 91: evolve more rapidly to account for
Page 92 and 93: changing morphology of MNEs with a
Page 94 and 95: 92 Appendix I - Doing Business in A
Page 96 and 97:
94 Appendix II - ASEAN Investment C
Page 98 and 99:
96 Appendix III - Ranking of Econom
Page 100 and 101:
Buckley P. J., Carter M. J., 2004,
Page 102 and 103:
McKinsey & Company, 2003, New Horiz
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(EGM) Foreign Direct Investment in Southeast Asia - Unido

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