ADB Economics Working Paper Series No. 273
The Role o SouthSouth FDI in theEconomies o Developing Asia
Robert E. Lipsey and Fredrik Sjöholm
Robert E. Lipsey was Director, New York Ofce, National Bureau of Economic Research at the time of writing of this paper before his demise. Fredrik Sjöholm is Professor at the Department of Economics,Lund University, and Researcher at the Research Institute of Industrial Economics. Thanks are due toTakuya Hasebe for excellent research assistance.