Asian nations actively seek foreign investment through diverse strategies:
- Attractive Incentives: Offering tax breaks, financial support, and Special Economic Zones with streamlined regulations.
- Improved Business Environment: Simplifying rules, upgrading infrastructure (transport, energy, digital), and strengthening legal frameworks.
- Strategic Economic Policies: Focusing on specific high-growth sectors (tech, manufacturing, renewables) and promoting export-oriented growth via trade agreements.
- Leveraging Demographics: Capitalizing on large, young populations and growing domestic demand in countries like India and the Philippines.
Examples:
- Singapore: Strong institutions, finance hub.
- Vietnam: Manufacturing and tech hub with incentives.
- Malaysia: Minimal FDI restrictions, targeted financing.
- Thailand & Indonesia: Upgrading value chains, focusing on tech and tourism.
- India: Large domestic market, manufacturing focus.
In essence, Asian countries combine financial perks, better business conditions, targeted policies, and demographic advantages to aggressively attract foreign investment for economic development.