FDI in the Restructuring of the Japanese Economy
AbstractThis paper examines how inward and outward foreign direct investment (FDI) have influenced the restructuring of the Japanese economy and can be expected to continue to do so in the future. We find that outward investment has helped Japanese firms to sustain foreign market shares and contributed to the restructuring of the Japanese economy away from older industries. By shifting from exporting to affiliate production, there has been a geographical reallocation of the activities of Japanese firms, particularly those of multinational manufacturing firms. However, Japanese outward FDI is still not very large relative to the Japanese economy, despite the rapid growth since the mid-1980s, and there is still scope for significant increase when compared with the levels of most other OECD countries. Inward FDI will presumably have an even stronger impact on the restructuring of the Japanese economy. Although the stock of inward foreign direct investment is still very small, there are important changes under way. Deregulation has opened up much of the industrial and service sectors to foreign multinationals.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 371.
Length: 26 pages
Date of creation: 04 Apr 2000
Date of revision:
Publication status: Published in Japan's New Economy: Continuity and Change in the 21st Century, Blomström, Magnus , Gagnes, Byron, La Croix, Sumner (eds.), 2001, pages 245-263, Oxford University Press.
Contact details of provider:
Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden
Phone: +46-(0)8-736 90 00
Fax: +46-(0)8-31 01 57
Web page: http://www.hhs.se/
More information through EDIRC
Foreign Direct Investment; Multinational Corporations; Restructuring; Japan;
Other versions of this item:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports:
- NEP-ALL-2000-04-17 (All new papers)
- NEP-HIS-2000-04-17 (Business, Economic & Financial History)
- NEP-IFN-2000-04-17 (International Finance)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert E. Lipsey & Magnus Blomstrom & Eric D. Ramstetter, 1998.
"Internationalized Production in World Output,"
in: Geography and Ownership as Bases for Economic Accounting, pages 83-138
National Bureau of Economic Research, Inc.
- Robert E. Lipsey & Magnus Blomstrom & Eric Ramstetter, 2000. "Internationalized Production in World Output," NBER Working Papers 5385, National Bureau of Economic Research, Inc.
- Lipsey, Robert E. & Blomström, Magnus & Ramstetter, Eric, 1995. "Internationalized Production in World Output," Working Paper Series in Economics and Finance 80, Stockholm School of Economics.
- David E. Weinstein, 1996.
"Foreign Direct Investment and Keiretsu: Rethinking U.S. and Japanese Policy,"
NBER Working Papers
5612, National Bureau of Economic Research, Inc.
- David E. Weinstein, 1997. "Foreign Direct Investment and Keiretsu: Rethinking U.S. and Japanese Policy," NBER Chapters, in: The Effects of U.S. Trade Protection and Promotion Policies, pages 81-116 National Bureau of Economic Research, Inc.
- David E. Weinstein, 1996. "Foreign Direct Investment and Keiretsu: Rethinking Us and Japanese Policy," Harvard Institute of Economic Research Working Papers 1750, Harvard - Institute of Economic Research.
- Takatotshi Ito, 1996. "Japan and the Asian Economies: A 'Miracle' in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 205-272.
- Corduneanu, Carmen & Iovu, Laura Raisa, 2007. "Foreign Direct Investment and Regional Development in Romania," MPRA Paper 12926, University Library of Munich, Germany.
- René BELDERBOS & FUKAO Kyoji & ITO Keiko & Wilko LETTERIE, 2010.
"Global Fixed Capital Investment by Multinational Firms,"
10044, Research Institute of Economy, Trade and Industry (RIETI).
- René Belderbos & Kyoji Fukao & Keiko Ito & Wilko Letterie, 2013. "Global Fixed Capital Investment by Multinational Firms," Economica, London School of Economics and Political Science, vol. 80(318), pages 274-299, 04.
- Fukunari Kimura & Kozo Kiyota, 2004. "Enhancing the Benefits for India and Other Developing Countries in the Doha Development Agenda Negotiations," Working Papers 510, Research Seminar in International Economics, University of Michigan.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helena Lundin).
If references are entirely missing, you can add them using this form.