foreign investment divestment and relocation by japanese electronics firms in east asia rené belderbos katholieke universiteit leuven technische eindhoven jianglei zou faculty of economics applied department managerial strategy naamsestraat 69 b 3000 belgium phone 32 16 326912 fax 326732 email rene econ kuleuven be 326871 2 abstract although international relocations multinational carry important economic implications for the industrialization asian countries there has been little empirical research on these issues this paper we analyze magnitude pattern divestments nine during 1995 2003 average annual rate manufacturing affiliates is 3 percent but patterns diverge strongly across
