6. Between Foreign Direct Investment and Regionalism: The Role of Japanese Production Networks

Tachiki, Dennis S.

doi:10.7591/9781501732096-009

Cited by 5 publications

(4 citation statements)

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“…Otherwise, if the leading tnc simply seeks to take advantage of the locational characteristics, physical infrastructure, or cheap labor, it tends to limit itself to bringing its own trusted supply network, which is often constituted by firms from same national origin, so that the contribution to local economic development might be minimal. This has been well documented for the case of Japanese and Korean tnc in Southeast Asia (Belderbos & Carree, 2002;Borrus et al, 2000;Byun & Walsh, 1998;Kuroiwa & Heng, 2008;McNamara, 2009;Simon & Jun, 1995;Tachiki, 2005;Techakanont, 2011;Urata, 1993). Baldwin (2012) argues that the world economy is currently ruled by the dispersion of stages and not sectors (as it formerly was), so the new path to national industrialization would be accomplished by integration to a "fraction" of the global supply chains, rather than the sponsoring of whole production chains.…”

Section: Chains and Agglomerationsmentioning

confidence: 64%

“…The inclusion of Southeast Asia in international capitalism has gone through several phases; from extractive activities to productive fdi, where Japan has always been a protagonist (Beeson, 2001;Bernard & Ravenhill, 1995;Cumings, 1984;Ernst, 1994;Lim, 2008). After the 1985 Plaza Accord, Japanese firms were unquestionably the main source of capital, while attempting to accommodate their own networks after the shock (Kimura, 2006;Tachiki, 2005). By that time, the Southeast Asia industrial base was 13.…”

Section: Institutional Development In Southeast Asia: Economic Policimentioning

confidence: 99%

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Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

Aymes

Fajardo

2018

mycp

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Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina AbstractDeveloping countries are under constant pressure to improve economic conditions and generate sources of employment. To achieve these goals, in the last few decades the mantra has been to engage in global production networks and carry out institutional reforms to attract foreign capital. However, the current set of ideas about globalization is dominated by the premise that economic

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Section: Chains and Agglomerationsmentioning

confidence: 64%

Section: Institutional Development In Southeast Asia: Economic Policimentioning

confidence: 99%

Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

Aymes

Fajardo

2018

mycp

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“…Japanese companies also independently attempted to rapidly diversify their supply chains. Japanese companies are known for having broad and resilient international production networks, relying on multiple companies to supply either base commodities or components to a final manufactured product (Tachiki, 2005; Nikkei Ecology, 2011). If one supplier fails, the companies have an alternative so they can avoid disruption in the manufacturing process.…”

Section: Japan's Diversification Effortsmentioning

confidence: 99%

Politics, markets, and rare commodities: responses to Chinese rare earth policy

Vekasi

2018

Japanese Journal of Political Science

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This paper examines economic statecraft in the case of rare-earth elements, of which China controls over 90% of the world's current supply, and famously cut off exports to Japan during a territorial dispute in 2010. The rare-earth sanctions provide an opportunity to investigate claims of economic statecraft, power and interdependence, and the political implications of near-monopoly control of a resource critical for high-tech military, consumer, medical, and environmental industries. A vector error correction model statistically disentangles the effects of China's economic statecraft from their rare-earth quota and pricing policies. Prior to the sanctions, there was little international supply diversification. China's purported use of rare-earth elements was an economically costly diplomatic signal that demonstrated their potential leverage, but also had unintended consequences, as Japan moved to diversify rare-earth supplies and in doing so deepened diplomatic ties with China's neighbors. Economic statecraft served to heighten regional tensions and undermine the China's own end goals.

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“…Determinants ofIntra-Asian Imports (1986-2018 the case of Japan and the Republic of Korea for which there is no information at any period, we estimate figures using a close country like China as a reference and the evolution of this variable is dependent on investment in road infrastructure.…”

mentioning

confidence: 99%

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

Ayuso-Díaz¹,

Gómez-Plana²

2023

Journal of Economic Integration

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Since the Doha Round stalemate after 2001, trade liberalization has progressed through regional trade agreements (RTAs) and East and Southeast Asia is not unfamiliar with this. Before assessing the effectiveness of recent trade agreements, the long tradition of trade exchange in this region that has lasted for more than 2,000 years necessitates an understanding of the evolution of intra-Asian trade across history. In this regard, this study contributes to the literature examining whether present intra-Asian trade is more or less intense than before 1938. This research outperforms previous studies using a gravity model that controls for changes in GDP and trade costs in the region across four different time periods (between 1840 and 2018). The results show that contemporary regional trade in East and Southeast Asia is slightly less intense than before World War II. A second question addressed is the relevance of trade agreements after the 1985 Plaza Accord on trade integration, compared with market determinants. A second gravity model for regional imports after 1986 is regressed on both policy and market indicators, indicating that the latest wave of intra-Asian trade is characterized by trade complementarities that are fueled by regional foreign direct investment, and free trade agreements are less effective. This result is validated through a network analysis demonstrating the symbiosis between trade and investment flows in the region, which should be considered in RTAs that are in place or in negotiation to take intra-Asian trade beyond its historical limits.

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6. Between Foreign Direct Investment and Regionalism: The Role of Japanese Production Networks

Cited by 5 publications

References 0 publications

Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

Participación en las redes globales de producción en el sureste de Asia: prospectos para mejoramiento tecnológico y lecciones para América Latina

Politics, markets, and rare commodities: responses to Chinese rare earth policy

More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade

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