Foreign Direct Investment in Japan Multinationals' Role in Growth and Globalization

Review of the hardback: 'This book makes a substantial contribution to the literature on foreign investment in Japan and foreign investment in the era of globalization. It analyzes the recent surge of FDI into Japan, its concentration in particular sectors like automobiles, finance and insurance, and its impact on the efficiency with which the Japanese economy operates. This last step is of broad policy interest because it underlines the role that openness to new entrants, including and importantly foreign investors in advanced economies, plays in enhancing productivity performance and competitiveness and establishes that role convincingly in the case of Japan.' Peter Drysdale, The Australian National University Review of the hardback: 'Paprzycki and Fukao provide a complete account of FDI in Japan, chronicling the early impediments to investing into Japan and identifying the productivity benefits the recent surge in investment has brought. The authors bring the latest and most accurate data and analysis to bear. Insights are based on economic data and methods, complemented by rich case studies. Researchers interested in the effects and prospects for FDI in Japan - or any other country for that matter - should read this book.' Keith Head, University of British Columbia Review of the hardback: 'This book is the first rigorous academic work to investigate one of the biggest enigmas in the world, namely, foreign direct investment (FDI) in Japan. The authority on the subject Professor Fukao and a young versatile scholar apply multiple empirical approaches to the unsatisfactory status of FDI in Japan as well as its actual and potential growth contribution.' Fuku Kimura, Keio University