Abstract
It has long been conventional wisdom that the re-entrance of Asia has been one of the most remarkable events in the international economy during the last half century. Asia today contains almost 28 per cent of the global GDP in nominal values and 33 per cent when measured in purchasing-power parity terms.1 It is less commonly discussed, though, that we presumably have only witnessed the first chapters in this massive global shift, and that the increasing influence of Asian nations in general and of Asian firms in particular will take many new features and forms in the foreseeable future.2 The Asian realm was the dominant economic powerhouse in ancient times, with an estimated two-thirds of the global GDP five hundred years ago, but was thereafter pushed into relative insignificance during the eras of Arab, Portuguese, Dutch, French and British colonial expansion.3
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© 2014 Claes G. Alvstam, Harald Dolles and Patrik Ström
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Alvstam, C.G., Dolles, H., Ström, P. (2014). Asian Inward and Outward FDI: New Challenges in the Global Economy – An Introduction. In: Alvstam, C.G., Dolles, H., Ström, P. (eds) Asian Inward and Outward FDI. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137312211_1
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DOI: https://doi.org/10.1057/9781137312211_1
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