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Industrial Cooperation, Capital Flow and Investment: Evaluation of the Status Quo and Proposed Roadmap for Strengthening Cooperation
Industrial cooperation constitutes the core of regional integration. The EU countries are found to invest more in member states than outside the EU1 (Microsoft). Members of the ASEAN recently devised means to accord special and differential treatment to joint ventures from other members (ASEAN 1992). The idea behind industrial cooperation is to regionally capture the cream of business and industrial activity. In the first section of this chapter, we highlight the rationale of cooperation about capital flow and investment. Transfer of resources and technology through South–South joint venture has been found empirically ...
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