Adjustment Through Globalization: The Role of State FDI Finance
One of the greatest puzzles in the debate over Japanese industrial policyâwhich has been characterized by export promotion, infant industry protection, and strategic policies to influence resource allocation and industrial adjustmentâis the fact that, throughout the entire postwar period, the Japanese government provided subsidized loans to outward-bound foreign direct investment (FDI). Why would a government keen on building a home-based industrial juggernaut support the relocation of production abroad?
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Volume (Year): 28 (2000)
Issue (Month): 5 (September)
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