THE MEKONG REGION: Foreign Direct Investment
Asian Development Bank | August 2006
The inaugural issue of The Mekong Region: An Economic Overview was published in 2004 and included analysis of external debt sustainability in the less developed countries of the Greater Mekong subregion (GMS) (ADB 2004). The 2005 issue dealt with economic impacts of infrastructure projects in the GMS (ADB 2005). In this third issue, we look at the trends, patterns, and economic impacts of foreign direct investment (FDI) as well as implications for policies to promote FDI and enhance its benefits. The remainder of this report is organized in three parts: (i) First, we provide a brief overview of the recent economic performance in the GMS economies. We review trends in gross domestic product (GDP) growth, inflation, fiscal and monetary variables, intra-regional trade, and external balance of payments accounts. (ii) The second part discusses in detail the trends and patterns of foreign direct investment in the sub-region, especially in Cambodia, Lao PDR, and Viet Nam (CLV), where the literature on this topic is sparse. It looks at the policies implemented to foster FDI and the impact of FDI on the economies’ growth, employment and productivity. (iii) The final part of the report provides a summary of the main points, including policy implications for the transition economies in the Mekong as they attempt to attract FDI and take full advantage of the benefits that it has to offer
CitationAsian Development Bank. 2006. THE MEKONG REGION: Foreign Direct Investment. © Asian Development Bank. http://hdl.handle.net/11540/6178.
Regional Economic Development
Asian Development Bank
Economies in transition
Economic development projectsShow allCollapse