The Asian region, which today is a symbol of economic dynamism, is becoming increasingly interdependent. The region consists of a core of developing countries--China and the countries of the ASEAN group--surrounded by an outer circle of advanced, industrialized economies--Japan and the four "newly industrialized economies" (NIEs) of Taiwan, South Korea, Singapore, and Hong Kong. The countries in the process of industrializing have formed various types of economic links with those of the advanced group--in production, investment, trade, transport, information, and financial services--while the advanced countries have looked to these linkages to provide outlets for their own production and resource procurement.In this volume, economists look at Asian economic interdependence from both a regional and a local perspective. It opens with an examination of Japanese investment and its effects on the production, trade, and investment cycles of the recipient economies. The contributors then analyze the new regional networks that have emerged in communications, finance, and technology transfer as a result of capital movements from one country to another. Finally, three case studies describe the characteristics and the effects of foreign investment in Malaysia, Thailand, and China.This volume will be an important resource on the processes involved in economic development, foreign investment, and regional integration. Read Less