Japanese Investment in the World Economy
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Japanese Investment in the World Economy

A Study of Strategic Themes in the Internationalisation of Japanese Industry

Roger Farrell

This book examines Japanese Foreign Direct Investment (FDI) in the world economy over more than five decades. It provides a unique focus on the internationalisation experience of selected industries, such as forestry, textiles, electronics, motor vehicles, steel and services as well as case studies of individual firms. Japanese Investment in the World Economy is distinctive in that it examines overseas investment by firms in the primary, manufacturing and services sectors over the period in which the Japanese economy became the second largest in the world.
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Chapter 19: Internationalisation of Electrical and Electronic Machinery

Roger Farrell


OVERVIEW The electrical and electronics sector is one of the largest manufacturing sectors in Japan and covers a diverse array of products such as industrial electrical apparatus, household electric appliances, electronic equipment and information and communications technology (ICT) equipment and miscellaneous electrical machinery equipment and supplies. Major firms in this sector such as Matsushita, Toshiba and Sony have become wellknown multinationals with production and sales affiliates around the world. Smaller electrical and electronics manufacturers have developed global operations, often as part of a supply chain for larger producers. Production of less technologically advanced products and components has increasingly been outsourced overseas, especially to affiliates in East Asia. Japanese electrical and electronics companies have used foreign direct investment to both outsource production and to acquire major foreign companies involved in this industry, or providing content for its products. In North America and Europe, sales affiliates have predominated although trade friction has encouraged some Japanese firms to locate production and research facilities in these developed markets. By 2003, the industry had established almost 2,500 overseas affiliates across the world, with over 70 per cent of production affiliates located in East Asia. Since the late 1980s, over $US80 billion in direct electrical and electronics investment has been directed offshore to found either overseas supply chains or a wholesale and retail distribution network for products of this central Japanese industry sector. Investment has also been directed towards mergers and acquisitions of foreign electronics and related companies. Well...

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