Foreign direct investment in Southeast Asia: - Regional Office China

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The logistics of the UNIDO ITPO Delegate Programme were discussed withrespect to funding issues, capacity-building and investment networking. Itwas also pointed out that project profiling with high fidelity to the actual facts‘on-the-ground’ was of vital importance to potential investors. Finally, thekey to the ITPO Delegate Programme was skills upgrading in respect ofunderstanding the needs of investors.44
ConclusionEmerging Policy Directions and Research AgendaCommentsAt the final session of the EGM, the panellists were invited to provide someconcluding comments, based on the presentations, commentaries anddiscussions of the previous two days.Brian Caplen noted the increasing complexity of FDI activity, and thechallenges this poses for policy-makers and IPAs. In response, the generaltrend amongst several Southeast Asian countries has been to shake up theirFDI attraction processes and targets. There have also been responses at theregional level, including efforts to harmonise regulatory regimes andstandards. The rise of China as an unparalleled magnet of FDI inflows posesa threat, but also provides an opportunity for Southeast Asian countries. Thesomewhat intangible, but clearly evident, entrepreneurial spirit to be found inmany countries of the region is perceived by overseas investors as a genuineasset that will attract foreign capital inflows.The conundrum as to whether strong FDI inflows reflect the strength orweakness of a host country, and its domestic corporate sector, was also apoint of discussion. If there is a trend by MNEs to move away from verticalorganisational structures, primarily linked by direct shareholdings, andtowards looser structures with less equity underpinning, then this wouldimply that conventional FDI activity will diminish, to some degree at least.Instead, domestic firms will participate in MNEs’ ‘integrated global factory’ assuppliers, contractors and in other (non-equity) relationships that haverelatively little or no FDI component. Therefore, a country and its domesticcorporate sector that is successful in plugging into this new breed ofproduction from the ‘integrated global factory’ might actually expect to seeits aggregate FDI inflow figures to diminish. If so, annual ‘headline numbers’for cumulative FDI inflows, so often used by countries to indicate theirrelative success as a conducive host country environment for business, may45
Page 3: Foreign Direct Investment in Southe
Page 7 and 8: PrefaceThis UNIDO report presents t
Page 9 and 10: PreambleWithin the constantly evolv
Page 11 and 12: IntroductionThe Changing Face of Fo
Page 13 and 14: Theme 1FDI and Multinational Enterp
Page 15 and 16: These include: i) changes in long-t
Page 17 and 18: quality of life in a country can be
Page 19 and 20: consequence, as well as in terms of
Page 21 and 22: high-technology cluster development
Page 23 and 24: Theme 3FDI, Boundaries, Hierarchies
Page 25 and 26: A second dimension is that incentiv
Page 27 and 28: industrial sector and sub-sector le
Page 29 and 30: industrial base without relying to
Page 31 and 32: socialising public goods and privat
Page 33 and 34: Typically, but not exclusively, Sin
Page 35 and 36: generate tax revenues to fund vario
Page 37 and 38: cumulatively serving to constrain F
Page 39 and 40: Southeast Asia as an integrated mar
Page 41 and 42: Theme 5FDI and Capital in Southeast
Page 43 and 44: Finally, there is also a need for i
Page 45: components of the integrated global
Page 49 and 50: In conclusion, Frank Bartels sugges
Page 51 and 52: Taking the above research needs int
Page 53 and 54: Annex 1:Presenters at the EGMName P
Page 55 and 56: TIMOR LESTEMs. Warubon SUKASAMEMr.
Page 57 and 58: 14:00 - 15:30 Theme II: Intra-regio
Page 59 and 60: y Japan ITPOsCommentator: Frank L.
Page 61 and 62: This type of deep information excha
Page 63 and 64: The extent of FDI effects and their
Page 65 and 66: Appendix IV: Opening Statement by U
Page 67 and 68: only of UNIDO but also other UN spe
Page 69 and 70: LIST OF ABBREVIATIONSAFTA - ASEAN F
Page 71 and 72: in mind that host policy for attrac
Page 73 and 74: forces of competition and co-operat
Page 75 and 76: 2. BACKGROUND ISSUESAn accurate per
Page 77 and 78: economies. In contrast, Sub-Saharan
Page 79 and 80: costs, boost quality and accelerate
Page 81 and 82: Fourthly, in terms of a framework f
Page 83 and 84: in joint venturing), while retainin
Page 85 and 86: experiencing the kind of global rel
Page 87 and 88: other hand, being predominantly nat
Page 89 and 90: Also, the trade surplus (or deficit
Page 91 and 92: limited [Freeman and Bartels (2000)
Page 93 and 94: technology and innovation policy; h
Page 95 and 96: Credit Information Index NA 0 3 0 6
Page 97 and 98:
Appendix II - Investment climate in
Page 99 and 100:
REFERENCESAlmor T., Hirsch S., 1995
Page 101 and 102:
Freeman N. J., Bartels F. L., Eds.,
Page 103:
Trigeorgis L., 1996, Real Option: M
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Foreign direct investment in Southeast Asia: - Regional Office China

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