INVESTMENT IN ASEAN MEMBER STATES (AMS): A COMPARATIVE ANALYSIS

Authors

  • Dr. Sumana Chatterjee

Keywords:

Abstract

Foreign direct investment has been an important parameter in accelerating the process of growth and development in the South East Asian economies since the last two decades. Since the 1990s, it is certain that South Asia has become an important destination for investment with their liberalized approach to FDI and constant changes in improving the FDI policy framework. Though FDI flows in ASEAN declined by 8 per cent to $120 billion in 2015, ASEAN remained a major destination of FDI flows among developing economies, receiving some 16 per cent of global FDI flows to such economies. The overall investment environment in the region improved further with the launch of the ASEAN Economic Community (AEC) in December 2015 and the introduction, including announcements of FDI favourable national policy measures in 2014–2016. (ASEAN FDI data base). However ASEAN Member States (AMS) today are at vastly different stages of development but all sharing immense growth potential. As in many other areas, there are strong divergences in the quality of investment climates among AMS. These challenges are well understood within the region. This article looks at these issues from the perspective of a comparative investment climate among the member economies and to find out ways for greater convergence of both policies and outcomes within this region.

References

ASEAN, 2013, ASEAN Comprehensive Agreement: A guidebook for Businesses and Investors, Jakarta.

ASEAN, 2013, Investing in ASEAN 2013-2014, Allurentis Limited.

ASEAN Community in Figures, Special Edition, 2014, Closer Look at Trade Performance, Dependencies and Investment

ASEAN Economic Community Fact book. Jakarta: ASEAN Secretariat, February 2011.

ASEAN Secretariat 2015. ASEAN Strategic Action Plan for SME Development, 2016-2025. (ASEAN Secretariat: Jakarta).

ASEAN Secretariat and IMF World Economic Outlook April 2016.

ASEAN Secretariat and UNCTAD, 2013.

ASEAN Investment Report, 2012: The Changing FDI Landscape

ASEAN Secretariat and UNCTAD, 2014.

ASEAN Investment Report 2013–2014: FDI Development and Regional Value Chains

Chia, S.Y. 2013. The ASEAN Economic Community: Progress, Challenges, and Prospects. ADBI Working Paper 440. Tokyo: Asian Development Bank Institute.

South East Asia-Investment Policy Perspectives, OECD, 2014

Which ASEAN country is the most competitive, World Economic Forum, 2015

World Bank, 2014, East Asia Pacific Economic Update, Washington, DC.

Issue

Downloads

Published

2017-07-31

Issue

Vol. 6 No. 8 (2017): July 2017

Section

Articles

License

Copyright Notice

Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.

Copyrights for articles published in World Scholars journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.