S-Space Graduate School of International Studies (국제대학원) Dept. of International Studies (국제학과) 국제지역연구 국제지역연구 vol.06 (1997)
해외투자와 삼변적 산업정책 - 1980년대 일본의 대동남아시아 해외투자정책
Foreign Direct Investment and "Trilateral" Industrial Policy: Japan"s Foreign Direct Investment Policies toward the ASEAN in the 1980s
- Issue Date
- 서울대학교 국제지역원
- 국제지역연구, Vol.06 No.3/4, pp. 45-79
- This paper is analyzing the characteristics of Japan"s foreign economic policies, particularly foreign direct investment policies in the 1980s that had deepened the asymmetric relations between Japan and the Southeast Asian nations. These policies, which can be called "trilateral" industrial policy, indicate the coherent industrial policies pursued in the relations between Japan"s government and domestic industries, and Japan-based subsidiaries in the ASEAN, and finally the ASEAN governments as the host government. The processes of the policies may demonstrate that with the large-scale foreign direct investment of private corporations in the 1980s, Japan" state-industry relation characterized as the industrial policy relation was also positively internationalized. This paper argues three points as follows. First, Japan" FDI in the ASEAN during the 1980s was politically induced within the framework of Japan"s industrial policy and by its networks rather than voluntarily evolved in the respect of choosing the host countries. Second, Japan"s . government guided the operation of Japan-based subsidiaries with the mechanisms of the industrial policy(administrative guidance and subsidy systems, etc.) for their smooth adaptation in the region. Third, for the successful transformation of its own domestic economy(the upgrade of domestic production and the promotion of FDI of the standardized production) and the facilitation of the local production of Japan-based subsidiaries, Japan"s government gave rise to structural restrictions in the ASEAN government"s option of the policies by intervening in the local economic policies as well as by trying to transplant Japanese industrial policy to this region. These arguments show that FDI of Japanese corporations in the ASEAN during the 1980s was promoted within the framework of the "collusion" with its home-country"s policies, and for this reason the ASEAN economies, as a base of foreign production/export deeply dependent on Japan"s national interest, may face serious structural problems.