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Alburo ASEAN balance of payments Board of Investment BOI-APPROVED FOREIGN EQUITY Capital Account Central Bank change in trade comparative advantage concentration ratios context Corporation Nationality currencies among home current account declined DFI and TNCs DFI flows DFI/TNC different role direct foreign investment direct investments Discussion Paper EPZs exchange flows expansion external financial institutions foreign equity investments foreign exchange Given the changing global markets growth Hongkong import-dependent importance increased industries inflow INVESTMENT in percent investment incentives Japan Japanese long-term loans million multilateral Naya and Meier neutral Official Development Assistance overall BOP overall net outflow participation percent in 1986 Philippine incentive Philippine TNCs Philippine trade Philippines American pioneer preferred areas principal exports protection reflected reliance resource transfer sector seventies share sources of DFI structural change structural reforms Table Taiwan tariff term loans TNC operations TNCs and Structural Total Investment trade accounts trade structure traditional manufactured exports Transnational Corporations