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Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade

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  • Robert E. Lipsey

Abstract

Since 1977, and in some cases starting before that, most East Asian countries' export patterns in manufacturing have been transformed from industry distributions typical of developing countries to distributions more like those of advanced countries. The process of change in most cases started with inward FDI to produce for export in the new industries, particularly by U.S. firms in electronics and computer-related machinery. The U.S. firms were followed, in electronics, by Japanese multinationals. Over time, in most cases, the U.S.-owned affiliates turned more to sales in host-country markets and their share in host country exports declined, although the host countries' specializations in the new industries continued. U.S. and Japanese firms played somewhat different roles. U.S. firms' investments were always distributed more along the lines of U.S. export comparative advantage, far from the previous patterns of the host countries. The industry distribution of Japanese investments initially followed more the lines of the host countries' comparative advantage and Japanese affiliates were less export-oriented than U.S. affiliates. However, Japanese affiliates have become more like U.S. affiliates in both export orientation and industry composition. Their early concentration in textiles and apparel faded and they are more heavily concentrated than U.S. affiliates and more export-oriented in both electrical machinery and transport equipment.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7292.

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Date of creation: Aug 2000
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Publication status: published as The Role of Foreign Direct Investment in East Asian Economic Development, EASE Vol. 9, Ito, Takatoshi and Anne O. Krueger, eds., Chicago: University of Chicago Press, pp. 147-185, 2000.
Handle: RePEc:nbr:nberwo:7292

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  1. Robert E. Lipsey & Irving B. Kravis, 1985. "The Competitive Position of U.S. Manufacturing Firms," NBER Working Papers 1557, National Bureau of Economic Research, Inc.
  2. Magnus Blomstrom & Irving B. Kravis & Robert E. Lipsey, 1988. "Multinational Firms and Manufactured Exports from Developing Countries," NBER Working Papers 2493, National Bureau of Economic Research, Inc.
  3. Robert E. Lipsey, 1995. "Trade and Production Networks of U.S. MNCs and Exports by Their Asian Affiliates," NBER Working Papers 5255, National Bureau of Economic Research, Inc.
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Cited by:
  1. Anwar, Sajid & Nguyen, Lan Phi, 2011. "Foreign direct investment and trade: The case of Vietnam," Research in International Business and Finance, Elsevier, Elsevier, vol. 25(1), pages 39-52, January.
  2. Takashi Isogai & Hirofumi Morishita & Rasmus Ruffer, 2002. "Analysis of Intra- and Inter-regional Trade in East Asia:Comparative Advantage Structures and Dynamic Interdependency in Trade Flows," Bank of Japan Working Paper Series International Department,, Bank of Japan.
  3. Klein, Michael & Aaron, Carl & Hadjimichael, Bita, 2001. "Foreign direct investment and poverty reduction," Policy Research Working Paper Series 2613, The World Bank.
  4. Howard J. Wall, 2002. "Has Japan been left out in the cold by regional integration?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 25-36.
  5. Koike, Ryoji, 2004. "Japan's Foreign Direct Investment and Structural Changes in Japanese and East Asian Trade," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, Institute for Monetary and Economic Studies, Bank of Japan, vol. 22(3), pages 145-182, October.
  6. Gerald Epstein & Elissa Braunstein, 2002. "Bargaining Power and Foreign Direct Investment in China: Can 1.3 Billion Consumers Tame the Multinationals?," Working Papers wp45, Political Economy Research Institute, University of Massachusetts at Amherst.
  7. Kjetil Bjorvatn & Hans Jarle Kind & Hildegunn Kyvik Nordås, 2002. "The Role of FDI in Economic Development," Nordic Journal of Political Economy, Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 28, pages 109-126.
  8. Greaney, Theresa M. & Li, Yao, 2009. "Assessing foreign direct investment relationships between China, Japan, and the United States," Journal of Asian Economics, Elsevier, vol. 20(6), pages 611-625, November.
  9. James R. Markusen & Keith E. Maskus, 2001. "General-Equilibrium Approaches to the Multinational Firm: A Review of Theory and Evidence," NBER Working Papers 8334, National Bureau of Economic Research, Inc.

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