A major force in East Asia's remarkable economic growth and industrial transformation, foreign direct investment has been growing at 14-15 percent annually in Southeast Asia and China over the last decade. This timely volume examines the impact of investment on trade in the region, focusing especially on microeconomic issues of strategy, activity, and behavior of corporate investors. The contributors explore the role of corporate alliances and networks of Japanese and Chinese firms, as well as the influence of investors from newly industrializing economies, in the relocation of production and trade within the region.