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Global Economy, Global Technology, Global Corporations Reports of a Joint Task Force of the National Research Council and the Japan Society for the Promotion of Science on the Rights and Responsibilities of Multinational Corporations in an Age of Technological Interdependence (1998) / Chapter Skim
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1 Conclusions, Recommendations, and Executive Summary
Pages 11-15

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From page 11...
... Although by 1980 Japan had lifted most formal restrictions, inward direct investment has remained very low because of the legacy of those restrictions and continuing informal barriers, as well as the current high cost structure in Japan that discourages direct investment in manufacturing. More recently, Japanese manufacturing investments in the United States have begun to deliver benefits to the U.S.
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From page 12...
... While continuing to work toward broad multilateral progress in realizing the principle of national treatment, the United States should pursue new initiatives that go beyond this principle toward the goal of "equal access" to market and innovation systems. Conditions of equal access will prevail when MNCs of equal competitive strength including management skill and effort, technological capabilities, and other factors have an equal opportunity to participate in markets and innovation systems globally, wherever they are based.
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From page 13...
... Despite the significant differences in perspective remaining between the two countries on intellectual property issues, the United States and Japan have a strong commonality of interest in promoting strong, global protection of intellectual property.
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From page 14...
... Many in Japan continue to see their nation as fundamentally vulnerable and dependent on foreign markets, foreign raw materials, and the security alliance with the United States. A major goal for Japanese public and private sector leaders in recent years has been to structure interdependent relationships, including business alliances with U.S.
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From page 15...
... It is imperative for the United States and Japan to continue and to expand private sector exchanges on issues related to trade, the world economy, direct investment, and technological competition and cooperation on a bilateral and multilateral basis, as appropriate. Needed is a greater mutual understanding of the differing assumptions and goals of Americans and Japanese regarding interdependence and national interests, particularly in light of ongoing changes in both countries.
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Key Terms

  • direct investment
  • host countries
  • foreign direct
  • national treatment
  • world economy

  • host country
  • international negotiations
  • japanese mncs
  • business activities
  • technological contributions

  • growing technological
  • japanese manufacturing
  • competitive environment
  • mncs operating
  • current account

  • bilateral trade
  • acrimonious bilateral
  • productive capacity
  • deliver benefits
  • preventing japanese

  • regarding technological
  • challenging japanese
  • thereby raising
  • global operations
  • undertake business

  • country capabilities
  • significant technological
  • markets abroad
  • liberal trade
  • beyond national


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