Japan's Economic Development

Paper Summary:

This paper defines FDI inflow as the investment one particular country or nation receives from another, while outflow is the amount of resources leaving the investing country into the source country. This well-researched paper focuses on the history of Japan's economy and the recent significant increase of FDI inflow into the country. The writer of this paper compares Japan's FDI flows to those of other countries. The ratio of inward FDI compared to nominal GDP in 2000 was only 1.1% in Japan, which compares to 27.9% in the U.S., 32.4% in the UK and 22.4% in Germany. The writer contends and explains why Japan's FDI flows are crucial for economic development and growth in other nations as well as on its own shores. This paper delves into the various programs instituted by the Japan Investment Council, which is geared towards making the public aware of the role of Japan's FDI and its overall importance to the economy.

Table of Contents:
Executive Summary (Abstract)
Background
History
Statement of Problem
Research
References Cited

From the Paper:

"As of September 2004, foreign-affiliated firms employed some 1.02 million workers in Japan, JETRO research finds. This figure represents only 2.4 percent of Japan's total permanent workforce and lags well behind that of other developed countries such as the U.S. at 5.5 percent and Germany at 5.4 percent. In Japan's finance/insurance sector, however, the share of foreign-affiliated company employment accounted for 8.2 percent of the sector's total permanent workforce. Subsidiaries of foreign companies employ the most, at 598,657 workers, followed by sub-subsidiaries at 373,566, and Japanese branches of foreign-owned companies, at 51,218. By industry category, affiliates in the manufacturing industry employ the most, at 37.4 percent, followed closely by the wholesale, retail and restaurant sector, which accounts for 34.1 percent of the total figure for Japan."

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