The Relationship Between Good Governance and Foreign Direct Investment in East Asia’s Knowledge-based Economic Growth

By Sajit Chandra Debnath.

Published by The Technology Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

Technology transfer from developed countries has been made possible by foreign direct investments (FDI). The East Asian miracle of industrial development with FDI has been led by the governments. The East Asian economies are currently moving from a product economy towards a knowledge-based economy in the post-industrialization period. It is now well established that knowledge created through innovation and technological progress is the long-term driver of economic growth for East Asia. Many East Asian governments have shown remarkable success in creating a knowledge-based economy by attracting a large amount of FDI. It appears that East Asian countries with ‘good governance’ tend to attract more FDI. FDI is contributing to the development of the a knowledge-based economy, just as it did during the industrialization period. This paper attempts to explain the impact of good governance in attracting FDI to promote a knowledge-based economy in East Asia. In doing so, this paper investigates the good governance indicators and their role in attracting FDI to promote a knowledge-based economy in East Asian countries.

Keywords: Good Governance, Knowledge-based Economy, Foreign Direct Investment, and East Asia

International Journal of Technology, Knowledge and Society, Volume 7, Issue 4, pp.129-150. Article: Print (Spiral Bound). Article: Electronic (PDF File; 1.331MB).

Dr. Sajit Chandra Debnath

Adjunct Lecturer, Graduate School of Economics, Ritsumeikan University, Shiga, Japan

Dr. Sajit Chandra Debnath is Assistant Professor in the College of Business Administration at Ritsumeikan University.

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