This volume contains a collection of papers on different aspects of private foreign investment in Asia. The contributors are the members of the Joint Research Team set up by the United Nations Economic and Social Council for Asia and Pacific (ESCAP). In these essays, the focus is on the role of private foreign investment in the countries of South and East Asia such as India, Pakistan, Thailand, South Korea, Taiwan, Indonesia, Malaysia, Iran and Philippines. Although the essays are published in the year 1976, the data of this volume cover the period only up to the end of the sixties. In the era of neocolonialism, private foreign investment is one of the key instruments deployed by the metropolitan countries in order to retain ‘control’ of the domestic economies of the Third World. At least this is the New Orthodoxy of the growing literature on the developing economies.
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