Japanese Capital Internationalization and its Regional Leadership in Southeast Asia

• Ignacio José Miñambres García ^[1]
  1. [1] National Cheng Kung University

     National Cheng Kung University

     Taiwán

     
• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 42, 2016, págs. 109-128
• Idioma: inglés
• Títulos paralelos:
  • La internacionalización del capital japonés y su liderazgo regional en el Sudeste Asiático
• Enlaces
  • Texto completo
• Resumen
  • español

    Tras mantener un perfil bajo en los años 90, Japón se reafirmó internacionalmente después de la crisis financiera asiática y proyectó su capital de nuevo al resto de Asia al mismo tiempo que afrontaba la emergencia de China como un nuevo competidor por el liderazgo regional. En este artículo analizamos la influencia de los intereses de política exterior del gobierno japonés en su inversión extranjera directa y defendemos que las ambiciones políticas de liderazgo regional han jugado un importante papel en las decisiones de inversión en el exterior de las empresas niponas. Esto ha dado lugar a una internacionalización caracterizada por un gran peso de la IED estratégica en países en desarrollo, la adopción temprana de la externalización al extranjero en redes horizontales de producción, así como un constante retorno al sudeste asiático como el área natural de expansión del capital japonés.

  • English

    After a low profile international role in the 1990s, Japan has reasserted itself since the Asian financial crisis and is projecting capital again over the rest of Asia, at the same time that it tackles the emergence of a new competitor for regional leadership in China. In this paper we study the influence of government foreign policy objectives in shaping Japanese FDI and argue that Japan’s political ambitions of regional leadership have played an important role in the international investment decisions of its enterprises. This has in turn resulted in a particular structure of internationalization characterized by heavy presence of strategic-seeking FDI in developing economies, early adoption of cross-national outsourcing and horizontal production networks and a recurrence return to Southeast Asia as the natural area of internationalization for Japanese capital.

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