Global Infrastructure Investment, Competition,and the Japanese Companies

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This paper discusses four infrastructure industries all of which are expected to grow rapidly in the 21st century: the electric power industry, the water industry, the railroad industry, and the aircraft and space development. First, this paper describes the general trends of the FDI in the four noted industries. Based on the above examinations, this paper investigates these industrial trends, focusing on specific companies in various countries. To investigate each individual company, this paper makes use of a large number of documents and reports which each company publishes. The major conclusions are the following: First, the four industries share common features. Global competition is characterized by competition between private enterprise and government related companies. In this market, the competition is often obstructed by government intervention. Second, as development of infrastructure industry grows, it brings about a new business organization model. Just as the railroad industry produced the first modern company, the process of building a new generation's infrastructure will produce a contemporary company suitable for a global economy. Third, Japanese companies examined in this paper are private enterprises, with the exception of the water service business, and Japanese companies are gaining more presence, and are being asked to lead the private enterprise led global competition.