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Foreign direct investment : a study of Malaysia's balance of payments position / Phang Hooi Eng

By: Phang, Hooi Eng.
Publisher: Subang Jaya, Selangor : Pelanduk Publications, c1998Description: 95 p. ; 23 cm.ISBN: 9679786250.Subject(s): Balance of payments -- Government policy -- Malaysia | Balance of payments -- Malaysia | Capital movements -- Government policy -- Malaysia | Investments, Foreign -- Government policy -- Malaysia | Investments, Foreign -- MalaysiaDDC classification: 332.67309595
Contents:
Preface. - List of Tables. - Ch. 1. Introduction. - Ch. 2. Comparison of Selected Aspects Of Foreign and Local Firms. - Ch. 3. Impact of FDI on the Balance of Payment. - Ch. 4. Conclusion. - Appendix. - References. - About the Author.
Summary: "Foreign direct investment (FDI), by bringing in capital, new technology and export market linkages, is considered an important catalyst of growth and industrial development. Countries, therefore, compete with one another to come up with incentive packages to attract foreign investment. Though FDI can have negative long-term effects on the host country's balance of payments and exert negative effects on the development of local industries, there are more benefits than negative effects. This book studies the effects of FDI on Malaysian economy prompted by the rapid increase in approvals of foreign investment since the 1970s. Like most developing countries, Malaysia's incentives for investment in the manufacturing sector tend to favour large multinationals; at present Malaysia is encouraging foreign investment in the Multimedia Super Corridor (MSC). The importance of FDI is underscored by the launching of the Second Industrial Master Plan (1996-2005) which emphasises capital-intensive and high-technology industries rather than labour-intensive ones because of the tight labour market. The high inflow of FDI over the last four decades is proof of foreign investors' confidence in the social and political stability of Malaysia as well as the transparent and consistent policies adopted by the government." - Back cover.
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Main Collection Taylor's Library-TC

Floor 4, Shelf 38 , Side 2, TierNo 2, BayNo 1

 332.67309595 PHA (Browse shelf) 1 Available GENxx,GENxx,03,GR 5000066474

Preface. - List of Tables. - Ch. 1. Introduction. - Ch. 2. Comparison of Selected Aspects Of Foreign and Local Firms. - Ch. 3. Impact of FDI on the Balance of Payment. - Ch. 4. Conclusion. - Appendix. - References. - About the Author.

"Foreign direct investment (FDI), by bringing in capital, new technology and export market linkages, is considered an important catalyst of growth and industrial development. Countries, therefore, compete with one another to come up with incentive packages to attract foreign investment. Though FDI can have negative long-term effects on the host country's balance of payments and exert negative effects on the development of local industries, there are more benefits than negative effects. This book studies the effects of FDI on Malaysian economy prompted by the rapid increase in approvals of foreign investment since the 1970s. Like most developing countries, Malaysia's incentives for investment in the manufacturing sector tend to favour large multinationals; at present Malaysia is encouraging foreign investment in the Multimedia Super Corridor (MSC). The importance of FDI is underscored by the launching of the Second Industrial Master Plan (1996-2005) which emphasises capital-intensive and high-technology industries rather than labour-intensive ones because of the tight labour market. The high inflow of FDI over the last four decades is proof of foreign investors' confidence in the social and political stability of Malaysia as well as the transparent and consistent policies adopted by the government." - Back cover.