1996 Fiscal Year Final Research Report Summary
Inward FDI in Advanced Industrialized Nations : Current State, problems, and Policy Measures in Japan, the U.S.A., and Germany
| Project/Area Number |
07630048
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
経済政策(含経済事情)
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| Research Institution | REITAKU UNIVERSITY |
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Principal Investigator |
HANAEDA Mieko REITAKU UNIVERSITY International School of Economics and Business Administration, Professor, 国際経済学部, 教授 (70238038)
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| Project Period (FY) |
1995 – 1996
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| Keywords | FDI (Foreign Direct Investment) / MNE (Multi National Enterprise) / 日米独国際比較 |
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| Research Abstract |
The growing importance of foreign direct investment in advanced industrialized nations has enlivened debate in Japan on the current huge imbalance of Japanese foreign direct investment (employment-oriented debate in Germany and Japan vs. trade-oriented debate in the USA). A great deal of research and recommendations have been published recently toward understanding what accounts for such a huge imbalance of FDI.These papers ask whether the imbalance is something that needs to be corrected, and if so, by what means.
The research has one or both of the following two main features : exclusive emphasis on the low level of foreign direct investment into Japan (since inflows of direct investment into Japan remains extremely small by international comparison) and a biased focus on the worsening location advantages in Japan by putting other variables of OLI configuration aside. The result of these approaches is the lack of perspective for examining the problems related to outward FDI by Japanese companies and for evaluating the way in which foreign direct investors actively cope with the changing business environment instead of just passively responding to worsening location advantages.
Another way to approach the problem is to explore the effect of the system of corporate governance on the corporate FDI behavior, permitting us to solve the aforementioned problems attached to the traditional macroeconomic way of explaining the imbalance.
It is recommendable to draw some policy implications by employing the corporate governance approach as to the conditions which might lead to an increase in FDI into Japan and under which the Japanese-specific corporate governance system might perform as well as it could in a world where companies'global strategies are steadily increasing their business risks.
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Research Products
(2 results)
