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Japan's digital advance policy towards performance in multilateral ASEAN's innovation business

Author

Listed:
  • Somnuk Aujirapongpan

    (Walailak University, Thailand)

  • Yaninee Songkajorn

    (Walailak University, Thailand)

  • Supit Ritkaew

    (Walailak University, Thailand)

  • Sirichai Deelers

    (Silpakorn University, Thailand)

Abstract

This paper examines issues relating to Japan’s digital advance policy (DAP) for ASEAN countries during the period 2015 - 2019, which aimed at broadening the spectrum of digital economic growth. The study sought to gain insights into the impacts of respective policies of ASEAN, Japan Council for Science, Technology and Innovation (CSTI), Japanese digital foreign direct investment (FDI), and Japanese enterprises. The study also examined workflow structure processes to explain how Japan’s DAP contributes to ASEAN’s innovation business. This research is categorized as a reconnaissance study, based on empirical analysis of pertinent existing evidence, complemented by 74 in-depth interviews with key experts from ASEAN, JICA, CSTI and major digital enterprises from 5 ASEAN countries. The findings indicate a need to redirect the innovation business of Japan's DAP as well as ASEAN’s innovation business and to enhance their mutual alignment. Four key entry points are proposed: (1) policymakers, (2) private sector businesses, (3) goalkeeper science, and (4) innovative infrastructure. This paper also provides guidelines and support to validate key performance indicators of Japan's DAP in ASEAN countries. The studies how Japan’s digital holistic platforms could be transferred to ASEAN countries under the DAP. It also examines the relationship between key performance indicators of Japan’s outward FDI in ASEAN digital businesses and growth in ASEAN’s innovation business.

Suggested Citation

  • Somnuk Aujirapongpan & Yaninee Songkajorn & Supit Ritkaew & Sirichai Deelers, 2020. "Japan's digital advance policy towards performance in multilateral ASEAN's innovation business," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 1081-1094, September.
  • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1081-1094
    DOI: 10.9770/jesi.2020.8.1(72)
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    References listed on IDEAS

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    1. Jason Potts, 2016. "Innovation policy in a global economy," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 5(3), pages 308-324, November.
    2. Gallup, John & Sachs, Jeffrey, 1999. "Geography and Economic Development," Harvard Institute for International Development (HIID) Papers 294434, Harvard University, Kennedy School of Government.
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    4. Masahito Ambashi, 2018. "Innovation Policy in ASEAN," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2018-innovation-policy-in edited by Masahito Ambashi, December.
    5. Gallup, John L. & Sachs, Jeffrey D. & Mellinger, Andrew, "undated". "Geography and Economic Development," Instructional Stata datasets for econometrics geodata, Boston College Department of Economics.
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    More about this item

    Keywords

    open innovation; entrepreneurship; innovation business; ASEAN; Japan; Foreign Direct Investment;
    All these keywords.

    JEL classification:

    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East

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