TY  - RPRT
AB  - This paper considers the problems of "hollowing out" using a Case Study of Japan's machinery sector. In doing so, it explores the roots of the present crisis by focusing upon the role played by Japan's large transnational corporations. This is important because these corporations are the "central actors" within the Japanese economy and they control a significant proportion of Japanese manufacturing. It is their strategic decisions - those that determine the level and location of investment, employment and output - which ultimately shape the development path for Japanese industry (see Cowling and Sugden, 1994, 1998). In recent years, Japan’s large transnationals have become engaged in the process of elite globalisation, pursuing their own interests at the expense of domestic Japanese industry. This is a fundamental insight that is crucial for designing appropriate policy responses to arrest Japan's current industrial decline. It is argued that the lessons from Japan's experience might guide policymakers in other regions, such as Wisconsin, who are concerned with future industrial development, the effects of globalisation and problems of "hollowing out".
AU  - Cowling, Keith
AU  - Tomlinson, Philip r.
DA  - 2001-07-07
DA  - 2001
DO  - 10.22004/ag.econ.269399
DO  - doi
ID  - 269399
KW  - Agricultural and Food Policy
KW  - International Development
KW  - Machinery sector
KW  - strategic-decision making
KW  - strategic failure and industrial policy
L1  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf
L1  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf?subformat=pdfa
L2  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf
L2  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf?subformat=pdfa
L4  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf
L4  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf?subformat=pdfa
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf
LK  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf?subformat=pdfa
N2  - This paper considers the problems of "hollowing out" using a Case Study of Japan's machinery sector. In doing so, it explores the roots of the present crisis by focusing upon the role played by Japan's large transnational corporations. This is important because these corporations are the "central actors" within the Japanese economy and they control a significant proportion of Japanese manufacturing. It is their strategic decisions - those that determine the level and location of investment, employment and output - which ultimately shape the development path for Japanese industry (see Cowling and Sugden, 1994, 1998). In recent years, Japan’s large transnationals have become engaged in the process of elite globalisation, pursuing their own interests at the expense of domestic Japanese industry. This is a fundamental insight that is crucial for designing appropriate policy responses to arrest Japan's current industrial decline. It is argued that the lessons from Japan's experience might guide policymakers in other regions, such as Wisconsin, who are concerned with future industrial development, the effects of globalisation and problems of "hollowing out".
PY  - 2001-07-07
PY  - 2001
T1  - The Problem of Regional "Hollowing Out" in Japan: Lessons for Regional Industrial Policy
TI  - The Problem of Regional "Hollowing Out" in Japan: Lessons for Regional Industrial Policy
UR  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf
UR  - https://ageconsearch.umn.edu/record/269399/files/twerp625.pdf?subformat=pdfa
Y1  - 2001-07-07
ER  -