Abstract
Foreign direct investment flows to developing countries have undergone major changes in recent years, both regarding their scope and their determinants. This article reviews some new trends in this area and focuses specifically on their implications for export processing zones which in the past have been a widely used instrument to attract foreign investment. How are they affected by the new developments and what can be their role in the future?
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On such overviews cf. A. Basile, D. Germidis: Investing in Free Export Processing Zones, OECD Development Centre Studies, Paris, 1984; J. Currie: Export Processing Zones in the 1980s. Customs Free Manufacturing, the Economist Intelligence Unit, Special Report No. 190, London 1985; and O. Kreye et al.: Export Processing Zones in Developing Countries: Results of a New Survey, ILO Multinational Enterprises Programme, Working Paper No. 43, Geneva 1987.
Cf. OECD: International Investment and Multinational Enterprises. Redent Trends in International Direct Investment, Paris 1987, p. 12.
Cf. The CTC Reporter, No. 23, Spring 1987, p. 19.
Cf. in general M. Kakabadse: International Trade in Services: Prospects for Liberalization in the 1990s, Atlantic Paper No. 64, London 1987.
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A detailed analysis is provided in D. Healey, W. Lütkenhorst: Export Processing Zones in Transition. The Case of the Republic of Korea, in: Industry and Development, No. 26 (in print).
Cf. K. Kwasny: Summary of Lectures on Export Processing Free Zones, Regional Workshop on Special Economic Zones, 7–18 November 1983, Shenzhen, China (mimeo), p. 15.
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Lütkenhorst, W. Challenges from new trends in foreign direct investment. Intereconomics 23, 220–227 (1988). https://doi.org/10.1007/BF02925116
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DOI: https://doi.org/10.1007/BF02925116