Japan’s Orientation towards Foreign Investments: Inertia Effects and Driving Force of Institutional Changes*
نویسندگان
چکیده
We use an institutional perspective to develop a framework for understanding the contexts, mechanisms and processes associated with institutions and institutional changes related to foreign investment in Japan. We examine power dynamics and relational boundaries between diverse actors and analyze why and how some components of institutions have changed and others have not. Also explored in this paper are the conflicting discourses that have been raised in regards to the participation of foreign investors. We also examine purposive efforts of various institutional entrepreneurs to change prevailing institutions in Japan. We assess structural factors working as sources of inertia in Japan's openness to FDI including the nature of capitalism, power of bureaucracy and culture and analyze various internal and external sources associated with exogenous shocks and gradual changes in institutions.
منابع مشابه
Macroeconomic Effects of International Capital Flows: Lessons from Japan’s Foreign Reserve Investment
The large increases in foreign capital flows into the U.S. caused by foreign central banks or oil-exporting countries have stimulated research as to their effect on U.S. interest rates. My thesis seeks to shed light on this topic by examining the relationship between Japan’s foreign reserve investment, which was propelled by its world record intervention, and U.S. interest rates. Additionally, ...
متن کاملThe Effects of Trade Integration, Globalization and Foreign Direct Investments on Employment in Iranian Manufacturing Sector
This paper focuses on two major aspects of globalization: international trade and FDI and their impacts on manufacturing employment in Iran and study whether foreign direct investment and trade expansion with Asian and European partner played any role in shaping the Iranian manufacturing employment structure. This study incorporates globalization (KOF index), trade integration and FDI into a si...
متن کاملEvolution of Japan’s Postwar Foreign Policy
This article traces the development of Japan’s foreign policy since the end of World War II. It asks whether the concept of a reactive state is still valid as an explanation of Japan’s foreign policy in the post-Cold War era. The article surveys the origins and key features of the Yoshida Doctrine, and discusses the limitations placed on Japan’s Cold War foreign policy. The article introduces t...
متن کاملForeign Investments and Institutional Convergence
Foreign investments are in the focus of most governments around the world. In order to be able to set a policy agenda which is successful in promoting FDI, it is necessary to understand their determinants. This paper examines whether and to what extent sound institutions and the degree of regulation deter or attract FDI flows in four economies of Southeastern Europe. In a dynamic panel analysis...
متن کاملLegitimacy, Interest Group Pressures and Institutional Change: The Case of Foreign Investors and Host Country Governments
In order to reflect more fully the conflict between the potential for mutual gain and the prospect of divergent interests that characterizes the relationship between foreign investors and host country governments, we add institutional context to the traditional bargaining power perspective. We propose that change in the regulative institutions embodying an initial bargain is more likely to occu...
متن کامل