IDEAS home Printed from https://ideas.repec.org/a/ecj/econjl/v110y2000i464pf358-81.html
   My bibliography  Save this article

The Japanese Crisis--A Case of Strategic Failure?

Author

Listed:
  • Cowling, Keith
  • Tomlinson, Philip R

Abstract

This paper provides an alternative insight into Japan's current economic problems. We concentrate upon the role played by the economy's central actors, namely Japan's transnational corporations. Since the early 1980's, Japan's transnationals have become dominant players in the global economy, and now have a higher rate of physical investment in new, overseas greenfield sites than their competitors. This has had detrimental consequences for Japan's domestic economy, particularly for small firms who operate in keiretsu networks. This has led to concerns about the "hollowing out" of Japan's domestic industry raising the possibility of long-term industrial decline and "strategic failure".

Suggested Citation

  • Cowling, Keith & Tomlinson, Philip R, 2000. "The Japanese Crisis--A Case of Strategic Failure?," Economic Journal, Royal Economic Society, vol. 110(464), pages 358-381, June.
  • Handle: RePEc:ecj:econjl:v:110:y:2000:i:464:p:f358-81
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=ecoj&volume=110&issue=464&year=&part=null
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kiyota, Kozo & Urata, Shujiro, 2008. "The role of multinational firms in international trade: The case of Japan," Japan and the World Economy, Elsevier, vol. 20(3), pages 338-352, August.
    2. Cowling, Keith & Tomlinson, Philip R., 2002. "Re-Visiting The Roots Of Japan'S Structural Decline:The Role Of The Japanese Corporation," The Warwick Economics Research Paper Series (TWERPS) 624, University of Warwick, Department of Economics.
    3. ., 2012. "The Dynamics of Changing Trade Structures: Export Sophisticated Index," Chapters,in: Trade and Industrial Development in East Asia, chapter 5 Edward Elgar Publishing.
    4. Philip Tomlinson, 2002. "The Real Effects of Transnational Activity upon Investment and Labour Demand within Japan's Machinery Industries," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(2), pages 107-129.
    5. Nakatani, Takeshi & Skott, Peter, 2007. "Japanese growth and stagnation: A Keynesian perspective," Structural Change and Economic Dynamics, Elsevier, vol. 18(3), pages 306-332, September.
    6. Nicholas Crafts & Anthony Venables, 2003. "Globalization in History.A Geographical Perspective," NBER Chapters,in: Globalization in Historical Perspective, pages 323-370 National Bureau of Economic Research, Inc.
    7. Iulia Monica OEHLER- ȘINCAI, 2015. "Is Romania Attractive For Japanese Investors? A Comparative Analysis At The Eu Level," Romanian Economic Business Review, Romanian-American University, vol. 10(4), pages 226-245, december.
    8. Kozo Kiyota & Toshiyuki Matsuura, 2006. "Why Is Multinational Status Important? Evidence from Job Creation and Job Destruction in Japan," Working Papers 555, Research Seminar in International Economics, University of Michigan.
    9. INUI Tomohiko & KODAMA Naomi, 2016. "The Effects of Japanese Customer Firms' Overseas Outsourcing on Supplier Firms' Performance," Discussion papers 16106, Research Institute of Economy, Trade and Industry (RIETI).
    10. Kozo Kiyota & Toshiyuki Matsuura, 2006. "Employment of MNEs in Japan: New Evidence," Discussion papers 06014, Research Institute of Economy, Trade and Industry (RIETI).
    11. Kneller, Richard & McGowan, Danny & Inui, Tomohiko & Matsuura, Toshiyuki, 2012. "Globalisation, multinationals and productivity in Japan’s lost decade," Journal of the Japanese and International Economies, Elsevier, vol. 26(1), pages 110-128.
    12. repec:eee:indorg:v:55:y:2017:i:c:p:182-189 is not listed on IDEAS
    13. Keith Cowling & Philip Tomlinson, 2002. "Revisiting the Roots of Japan's Economic Stagnation: The role of the Japanese corporation," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(4), pages 373-390.
    14. Cowling, Keith & Tomlinson, Philip R., 2002. "The Problem Of Regional "Hollowing Out" In Japan : Lessons For Regional Industrial Policy," The Warwick Economics Research Paper Series (TWERPS) 625, University of Warwick, Department of Economics.
    15. Dr Guy West & Assoc Prof Richard Brown, 2003. "Structural Change, Intersectoral Linkages And Hollowing-Out in the Taiwanese Economy, 1976-1994," Discussion Papers Series 327, School of Economics, University of Queensland, Australia.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:110:y:2000:i:464:p:f358-81. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/resssea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.