FDI and CO2 Emissions in the ASEAN-5 and India
With the tremendous increases in Foreign Direct Investment (FDI) in the last four decades arose the problem of a possible relationship between FDI and carbon dioxide (CO2) emissions. Scholars have hypothesized that international companies invest in countries with lax environmental regulations to escape high production cost, we call this the pollution haven hypothesis. The ASEAN-5, i.e. Indonesia,
