Japanese development aid and direct investments in Asia
In 1989, supported by its trade surpluses and strong productivity growth, Japan became the world's largest donor of official development assistance surpassing for the first time foreign aid from the United States. Tokyo's assistance was primarily channeled to Asian countries with major recipients being Indonesia, China, the Philippines, Thailand, Bangladesh, and India. Aid programs promoted infrastructural improvements and technology transfer to foster industrial development. While large, the aid funds have been superceded by even larger foreign direct investments from Japan's private sector accelerating the transfer of technology and production to low-wage sites in Asia. The private and governmental flows have inexorably altered economic activity especially on the Pacific rim and data on production and trade will be presented in this paper detailing the transformation.
Proceedings 1992 IEEE International Engineering Management Conference: Managing in a Global Environment, IEMC 1992
First Page Number
Last Page Number
Hiraoka, Leslie S., "Japanese development aid and direct investments in Asia" (1992). Kean Publications. 2845.