Contents

INTRODUCTION
I.	DETERMINANTS OF FDI AND ITS LOCATION
	A.	Policy framework
	B.	Business facilitation
	C.	Economic determinants
II.	INVESTMENT PROMOTION AND FACILITATION: EAST AND SOUTH-EAST ASIAN EXPERIENCE
	A.	Pattern and trend of FDI
	B.	Policy framework
	C.	Business facilitation
	D.	Economic determinants
	E.	Regional economic cooperation
	F.	Some lessons from the Asian crisis
III.	INVESTMENT PROMOTION AND FACILITATION: PACIFIC ISLAND COUNTRIES
	A.	Pattern and trend of FDI
	B.	Policy and institutional framework
	C.	Economic determinants
	D.	Incentives and business facilitation
IV.	SELECTED POLICY LESSONS FROM THE ASIAN EXPERIENCE BOXES 1. Created assets 2. Transnational corporations and joint ventures in Pacific island countries 3. Melanesian Spearhead Group: steps towards regional free trade TABLES 1. Determinants of ownership, location and internationalization 2. Foreign direct investment inflows, by host region and economy, 1980-1997 3. Subregional economic cooperation zones in Asia and the Pacific 4. Thailand: foreign direct investment approved by the Board of Investment 5. Appreciation of investor opportunities in Pacific island countries 6. Summary of the progress of investment policy reform in Pacific island countries 7. Summary of selected incentives provided by Pacific island countries for new investments 8. Best-practice policies for host countries seeking FDI by small and mediun-sized enterprises