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Prema-chandra Athukorala - Multinational Enterprises in Asian Development

`Cross-border investment is a key driver of the globalisation process and multinational enterprises a key driver of productivity growth. This new book offers a comprehensive and informed evaluation of the role of multinationals in the world's fastest growing region. The book will not only be of interest to researchers and students, but also to analysts in the policy making community.'

- David Greenaway, University of Nottingham, UK

`This volume offers a wealth of information and insights into the roles of multinational enterprises in shaping recent economic developments in East and South Asia. These direct investments, which are now the dominant source of finance for the developing regions globally, are generally welcomed today, though this was untrue earlier. However, the cases in this volume draw out ways and contexts in which the greatest advantage may be sought from these capital inflows.'

- Robert E.B. Lucas, Boston University, US

`Foreign direct investment by MNCs, once considered the bane of developing countries, is today a leading indicator of their relative success. The reality is more complicated, however, as this fresh assessment of the role of MNCs in Asia explains clearly and persuasively. This study is a major contribution to literature on the role of MNCs in developing countries, drawing heavily on the author's own original research on foreign direct investment in several Asian countries. What is the role of MNCs in developing countries and how has it changed over the past two decades? What are the cost and benefits to host developing countries of MNCs direct investment? What measures should developing countries take to attract MNCs? This book provides clear and convincing answers to these questions based on the kind of rigorous empirical analysis for which the author is renowned.'

- James Riedel, The Johns Hopkins University School of Advanced International Studies, US

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