Trade in the Shadow of Power : Japanese Industrial Exports in the Interwar years

During the interwar years, Japanese industrialisation accelerated alongside the expansion of industrial exports to regional markets. Trade blocs in the interwar years were used as an instrument of imperial power to foster exports and as a substitute for productivity to encourage industrial production. The historiography on Japanese industrialisation in the interwar years describes heavy industries' interests in obtaining access to wider markets to increase economies of scale and reduce unit costs. However, this literature provides no quantitative evidence that proves the success of those mechanisms in expanding exports. In this paper we scrutinise how Japan—a relatively poor country—used colonial as well as informal power interventions to expand regional markets for its exports, especially for the most intensive human capital sector of the industrializing economy

The intrapreneurial state: Singapore's emergence in the smart and sustainable urban solutions field

The East Asian developmental state model and the Anglo-American entrepreneurial state model profile varied ways in which the state continues to intervene in economic development. These models are developed by different disciplines and against diverse contexts to capture extrasocietal state responses to neoliberalism and globalization but leave the intrasocietal preconditions for state evolution little explored. We elaborate the concept of state intrapreneurialism as one way of understanding the interrelationship between economic and state transformation – one ingredient of the intrasocietal preconditions underpinning the responses to extrasocietal changes emphasized in the post-developmental state literature. Drawing on the case of Singapore's emergence in the field of smart/sustainable urban solutions, the subsidiary contributions of this paper are to suggest intrapreneurship as a specific and enduring advantage within the developmental state model, especially when set against its limitations signalled in the post-developmental state literature

Are Foreign Firms Privileged By Their Host Governments? Evidence From The 2000 World Business Environment Survey

Using the data from World Business Environment Survey (WBES) on over 10,000 firms across eighty one countries, this paper finds preliminary evidence that foreign firms enjoy significant regulatory advantages - as perceived by the firms themselves - over domestic firms. The findings on regulatory advantages of foreign firms hold with a variety of alternative measures of regulations and with or without firm- and country-level attributes and industry and country controls. There is also evidence that foreign firms' regulatory advantages are especially substantial vis-a-vis the politically weak domestic firms. Furthermore, the regulatory advantages of foreign firms appear stronger in corrupt countries than in non-corrupt countries

Empowering Leadership of the Heads as Perceived by the Employees and Employees' Job Satisfaction

The study aimed to determine the effect of empowering leadership and the job satisfaction of employees. To support the purpose, the literature was reviewed and theories were established to strengthen the title of the study. The study followed a research methodology and the research design was the descriptive assessment and correlational research design. To gather the data, validated questionnaires were and descriptive and inferential statistics were used to analyze the data. Weighted mean and Pearson r correlation was used to determine the level of different variables of empowering leadership and the correlation between empowering leadership and job satisfaction. The results indicate that empowering leadership of heads and job satisfaction of employees is not very high or high but a moderate extent and there is a significant correlation between empowering leadership and job satisfaction. Therefore, the hypothesis of the study is accepted

Japanese multinationals in Asia: Drivers and attractors

This paper studies the choice by Japanese multinationals of Asia and of specific Asian countries as investment destinations. High costs in Japan exert a general push towards investing in Asia. Unlike investment in the US and Europe, trade barriers do not drive Asian investment. While domestic markets of host countries are important, conditions for efficient production in the host country also determine its attractiveness. In Asia, firms have looked for industrially literate workers, though the new Japanese investment is being guided more by low wages. Japanese investors also stake out early positions in growing markets. The inability to repatriate earnings is the strongest disincentive to Japanese investment. A favourable foreign direct investment policy is desirable but its importance declines as a firm gains experience in a country.

Impacts of currency fluctuations on Japanese foreign direct investment

The Japanese currency has appreciated substantially against most other currencies over the last two decades. During the same time Japan has become one of the world\u27s largest providers of FDI. Japan\u27s share of total FDI outflows increased from about 6 percent during the late 70\u27s to 21 percent in 1990 while its share of the total stock of FDI in the world increased from less than 1 percent in 1960 to more than 13 percent in 1993. Not surprisingly, Japan\u27s role in international business in general and its FDI activities, in particular, have attracted considerable attention from researchers world wide. However, much of this attention has been directed towards the patterns and determinants of Japanese foreign direct investment, in particular to the United States. The impact of changes in the value of the Yen on Japanese FDI has been largely overlooked. Thus, this paper fills an important gap in the literature by focusing on the influence of changes of the exchange rate on Japanese foreign direct investment. A comprehensive simultaneous equa-tion model of Japanese FDI is developed on a regional level to gauge the extent to which currency fluctuations affect Japanese FDI activities. The results suggest that the exchange rate is an effective mechanism through which to influence FDI. Thus, the exchange rate should not be overlooked by the World Trade Organisation in its efforts to further liberalise investment through the Multilateral Agreement on Investment.<br /