Reverse Flow Foreign Investment: Colonial Indonesia’s Investment in Metropolitan Countries.
Although this paper challenges the standard viewpoint that foreign direct investment actually occurred in colonial times it also finds parallels with today’s international finance. Evidence shows that the reverse flow of funds was infinitely much greater than possible foreign investment for at least...
| Publicado en: | Journal of Contemporary Asia Vol. 44; no. 1; pp. 108 - 125 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jan2014
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=92600297&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 92600297 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00472336 CAS jtl: Journal of Contemporary Asia issn: 00472336 maglogo: N pubinfo: dt: Jan2014 vid: 44 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 92600297 10.1080/00472336.2013.839199 ppf: 108 ppct: 17 formats: tig: atl: Reverse Flow Foreign Investment: Colonial Indonesia’s Investment in Metropolitan Countries. aug: au: Gordon, Alec affil: 2/290 Vipavadi Rangsit 25, Thung Song Hong, Laksi, Bangkok, Thailand 10210 su: China Indonesia Investments History Foreign investments Economic conditions in colonies Surplus (Economics) Balance of payments Indonesian economy Dutch colonies sug: subj: Investments History China Indonesia Miscellaneous Financial Investment Activities Investment Advice International Trade Financing Foreign investments Economic conditions in colonies Surplus (Economics) Balance of payments Indonesian economy Dutch colonies keyword: colonial exploitation colonial surplus origins of colonial investment Reverse flow of investment colonial exploitation colonial surplus origins of colonial investment Reverse flow of investment ab: Although this paper challenges the standard viewpoint that foreign direct investment actually occurred in colonial times it also finds parallels with today’s international finance. Evidence shows that the reverse flow of funds was infinitely much greater than possible foreign investment for at least one colony, the Netherlands East Indies (colonial Indonesia). We calculate for the late colonial period (1880–1939) out of its total colonial surplus at least US$430 billion in today’s terms (about three-quarters of the total) was available for investment. This was far in excess of actual investment. Less than one-third of the available for investment went to colonial Indonesia and a further one-third was invested in other countries. The remainder is attributed to investment in the Netherlands (mainly portfolio), investment by non-Dutch corporations and to some statistical errors and omissions. Furthermore, we indicate their actual vital function within the global economic and financial organisation of the Netherlands in late colonial times. The probability of similar occurrences today is raised. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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