In the second half of 1997 Thailand, Malaysia, Korea and Indonesia experienced a massive outflow of foreign capital - more than $100 billion. The effects of this rival the worst years of the Latin American debt crisis and the early years of the Great Depression. The Asian crisis demonstrates how...

Intro -- Contents -- Foreword -- Acknowledgments -- Acronyms and Abbreviations -- Overview -- 1. Shifting to New Sources of Growth -- 2. Missed Opportunities in Global Integration -- 3. Identifying the Barriers: Trade Policy, Investment Climate, and the Political Economy -- 4. Achieving the...

The European Union is very open to foreign direct investment. By comparison, despite considerable liberalisation in the past two decades, foreign investors in China's markets still face significant restrictions, especially in services sectors. Given this imbalance, the EU has long sought to...