A Model of Japanese Foreign Direct Investment(Management)

概要

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The purpose of this article lies in developing a preliminary essay on the theory of Japanese foreign direct investment, the fundamental explanation for Japanese direct overseas investment activities. In that regard, two product cycle models developed by both R. Vernon and K. Akamatsu are in the limelight. And, by making use of their strengths, the development of an integrated model covering their defects is attempted. Its theoretical validity is verified positively, and its possibilities as the theory of Japanese direct overseas investment investigated. The results revealed that: (1) Foreign direct investment by Japanese companies is export-substitution in style. (2) It cannot be explained simply by labor cost differentials. (3) The product cycle no longer starts only by import-imitation, since innovative products are being developed in Japan by Japanese firms aiming at the markets of developed countries. These findings indicate that the theoretical validity of the integrated model, as the Japanese foreign direct investment theory, is quite limited. Therefore, a fundamental explanation for Japanese foreign direct investment must be sought in a different principle.
日本大学の論文
1985-03-01