1996 Fiscal Year Final Research Report Summary
Australian Industry Policy and Japanese MNEs
| Project/Area Number |
08041077
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| Research Category |
Grant-in-Aid for international Scientific Research
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| Allocation Type | Single-year Grants |
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| Section | Field Research |
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| Research Institution | Otemon Gakuin University |
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Principal Investigator |
YAMANAKA Masao Faculty of Management, Otemon Gakuin University, Professor, 経営学部, 教授 (20079346)
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| Co-Investigator(Kenkyū-buntansha) |
PURCELL William Asian Studies Center, New South Wales University, アジア研究センター, 助教授
WHITWELL Greg Faculty of Economics & Management, Melbourne University, 経済経営学部, 教授
MERRETT David Faculty of Economics & Management, Melbourne University, 経済経営学部, 助教授
NICHOLAS Stephen Faculty of Economics & Management, Melbourne University, 経済経営学部, 教授
MORISHIMA Akira Faculty of Economics, Otemon Gekuin University, 経済学部, 講師 (80278598)
KAWAGUCHI Akira Faculty of Economics, Otemon Gekuin University, 経済学部, 助教授 (50257903)
YONEHARA Junshitiro Faculty of Economics, Otemon Gekuin University, 経済学部, 教授 (60028040)
TOYAMA Yoshihiro Faculty of Economics, Otemon Gekuin University, 経済学部, 教授 (00079336)
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| Project Period (FY) |
1996
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| Keywords | Industry Policy / Multinational Enterprises / Foreign Direct Investment / Export-Oriented / International Specialization / International Competitiveness / International Procurement / APEC |
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| Research Abstract |
Now in Australia, a big change of industry policy is under way, introducing diverse measures, one of which is the gradual cut of tariff rates. The aim of this policy change is economic reconstruction by improving international competitiveness of manufacturing industries and by facilitating exports of manafactured goods.
This change seems to imply decrease of merits of foreign direct investment to Australian manufacturing industries, and some Japanese MNEs actually withdrew their production activities from Australia. Other companies, however, added large investment to increase export-oriented production.
The analysis of business strategies of some of Japanese MNEs in Australia shows enough competence of those enterprises to adjust the new business environment. This survey emphasizes the importance of trans-national solution for the new world economy. International in-house specialization of products and international procurement operation are now basic strategies of multi-national enterprises.
Facilitating of micro economic reform is essential for Australian enterprises to compete in the world market. Inefficient public services of maritime and air port, transportation, electric power and so on are heavy burdens for private sectors, especially for manufacturing industries. Further lightening or removal of government regulations will activate business entrepreneurship.
Acceleration of industrialization, informationalizing and internationalization is rapidly decreasing income and technology difference between countries, and hence management competence would become the key factor of international competition.
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