Keywords: foreign direct investment, FDI, economic growth, GDP, Asia, financial crises, developing economies, ANOVA
Changing pattern of Foreign Direct Investment (FDI) in Asian region: issues, motives and strategies for economic development
The Asian region has always been considered as a prudent centre for investment particularly by UK, Japan and USA. During the last couple of years, FDI has become an imminent factor for the Asian countries, maybe in the face of globalisation and financial crisis of 1997. This paper reviews the changing pattern of FDI in the Asian region in the context of the Asian Financial Crisis of 1997. It also assesses the role of FDI in the growth of the economies of Asian region. The study attempts to test the variance level of FDI among the sample countries especially after the financial crisis. Analysis Of Variance (ANOVA) and the Post hoc tests are applied to see further where exactly variance lies.