POLSCI 3B03 Lecture Notes - Plaza Accord, Richard Stubbs, Television Set
11 Nov 2013
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Nb: pm harper s trip to malaysia and to apec. Importance of the flood of foreign direct investment (fdi) into southeast asia as a consequence of the increase in value of the yen produced by the plaza accord. Massive flood of capital into the region beginning in 1987 just as southeast asian countries were recovering from a recession in their economies created by a slump in commodity prices. With japanese companies moving to low cost countries so their american, european, south. Korean and taiwanese competitors had to consider following their example. As a result fdi flowed into the region until at least 1992 when china started to provide a competitive venue for low cost manufacturing. Nature of japanese investment meant that the balance of the relationship between the state and society changed. Society became stronger as companies and the economy prospered. Foreign companies also pushed for changes to the economic strategy followed under the developmental.
