Abstract
In this paper, I examined the trend of foreign direct investment among Asian economies.For the present, the clear model that characterized Asian FDI is not specified, though some characteristics are observed.Firstly, Chinese investment toward the world shows‘compressed’pattern that simultaneously proceeds from resource-oriented investment to technology seeking investment. Secondly, NIES investment is divided into two categories.One is mutual penetration between China, and the other follows Japanese investment pattern. Thirdly, ASEAN4, i.e., Indonesia, Malaysia, the Philippines, Thailand, retreated as investors after Asian economic crisis.Two facts are needed further investigation; Asian investors' utilization of tax havens such as Caribbean territories and flourishing M&A among Asian multinational firms.
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