Industrialization has held great attention in developing countries. Taiwan has demonstrated rapid industrial development. The problem of this study is to find out, what incentives the government in Taiwan has provided to foreign investors, what contributions foreign investment has made to capital formation and government revenue, and what been its impact on foreign trade and the balance of payments. The results of our study conclude that DFI and technology transfer can have a significant positive impact on a developing host country's industrialization.

Interview with James Voss, a lawyer and employee of the Caltex Petroleum Company from San Antonio, Texas. Voss discusses his earlier life and joining Caltex, work on company claims involving postwar China and other assets affected by World War II, the crude oil market, effects of the Chinese Communist Revolution on the company and markets, company operations in Japan and reconstruction, the company in Korea and Vietnam, mergers, purchases, divestments, expansion in the Mid East, South Africa, re-entry into China, and reflections on the energy business and his career.