The role of foreign capital in developing economies is a controversial topic. Supporters view it as the epitome of industrial development, while critics regard it as an instrument of underdevelopment. Using both conventional and unconventional approaches, the author finds foreig…
In 1990, the Malaysian state of Johor--along with Singapore and the Indonesian island of Batam--launched the Growth Triangle to attract foreign direct investment. For Johor, this drive was very successful, transforming its economy and driving up income levels. Today, Johor is on…
In 1990, the Malaysian state of Johor--along with Singapore and the Indonesian island of Batam--launched the Growth Triangle to attract foreign direct investment. For Johor, this drive was very successful, transforming its economy and driving up income levels. Today, Johor is on…