In mid 1997, a major crisis embraced the economies of Southeast Asia. Its effects were severe, particularly on the countries of the Association of Southeast Asian Nations (ASEAN). Prior to the crisis, the ASEAN markets were becoming increasingly important destinations for exports from the European Union (EU), and more important locations for EU foreign direct investment (FDI). ASEAN exports and FDI to the EU were also increasing. This volume addresses the causes of the crisis, and its ramifications for both trade and investment between the EU and the ASEAN at the turn of the century.
In mid 1997, a major crisis embraced the economies of Southeast Asia. Its effects were severe, particularly on the countries of the Association of Southeast Asian Nations (ASEAN). Prior to the crisis, the ASEAN markets were becoming increasingly important destinations for exports from the European Union (EU), and more important locations for EU foreign direct investment (FDI). ASEAN exports and FDI to the EU were also increasing. This volume addresses the causes of the crisis, and its ramifications for both trade and investment between the EU and the ASEAN at the turn of the century.
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Autorenporträt
ROGER STRANGE is Senior Lecturer in Economics and formerly Head of the Management Centre, at King's College London. He has published widely on Europe-Asia economic relations.
JIM SLATER is Director of the Graduate Business Centre at Birmingham Business School.
CORRADO MOLTENI is Professor at the Universita Commerciale Luigi Bocconi, Milan.
Inhaltsangabe
Introduction SECTION 1: THE MACROECONOMIC PICTURE Bridging Two Continents: EU-ASEAN Trade and Investment Foreign Direct Investment in ASEAN: an Historical Perspective Foreign Direct Investment in ASEAN: a Contemporary Perspective ASEAN's Outward Direct Investment in Europe SECTION 2: THE ASIAN FINANCIAL CRISIS Financial Upheaval in ASEAN: a European Perspective The Banking Crisis and Competitiveness in the Asian Economies SECTION 3: MICROECONOMIC PERSPECTIVES Floating Market: Currency Crises and ASEAN Tourism Exports The Effects of Outward Direct Investment for the Performance of Locally-Controlled Companies in Malaysia The Distribution of Foreign Direct Investment in Vietnam: An Analysis of its Determinants SECTION 4: THE FUTURE Enlargement to Include Formerly Centrally Planned Economies: ASEAN and the European Union Compared Conclusions
Introduction SECTION 1: THE MACROECONOMIC PICTURE Bridging Two Continents: EU-ASEAN Trade and Investment Foreign Direct Investment in ASEAN: an Historical Perspective Foreign Direct Investment in ASEAN: a Contemporary Perspective ASEAN's Outward Direct Investment in Europe SECTION 2: THE ASIAN FINANCIAL CRISIS Financial Upheaval in ASEAN: a European Perspective The Banking Crisis and Competitiveness in the Asian Economies SECTION 3: MICROECONOMIC PERSPECTIVES Floating Market: Currency Crises and ASEAN Tourism Exports The Effects of Outward Direct Investment for the Performance of Locally-Controlled Companies in Malaysia The Distribution of Foreign Direct Investment in Vietnam: An Analysis of its Determinants SECTION 4: THE FUTURE Enlargement to Include Formerly Centrally Planned Economies: ASEAN and the European Union Compared Conclusions
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