Japanese Investment and Technology Transfer An Exploration of its Impact (1992) / Chapter Skim
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Pages 34-46
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From page 34... ...
34 industry than they are in semiconductors or consumer electronics that the transplants are moving in the direction of greater vertical integration and increased technical activity in their U.S. operations." But doubts remain about how far and how fast technology transfer from transplants to the Big Three will proceed.
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From page 35... ...
3 Policy Issues and Options The aggregate and industry-specific evidence concerning the impact of Japanese investment on technology transfer between Japan and the United States presents a mixed p,icture; while technology clearly is being transferred to the United States. information on a number of relevant issues is lacking or incomplete.
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From page 36... ...
36 DATA COLLECTION AND ANALYSIS A basic question is whether lack of information about foreign investment and the activities of foreign firms in the United States hobbles policymakers. How to balance the benefit of timely and complete information about FDI from Japanese and other foreign companies with the tradition of national treatment is another important question.
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From page 37... ...
37 out violating principles of national treatment.63 Some say that there should be more data collection and reporting on the activities of U.S.-owned companies as well as on foreign-owned enterprises, and that better information correlates with better policymaking.64 But taking action to address these issues could require a commitment of additional resources in order to generate more complete, accurate and timely data. In August 1991, the Commerce Department submitted its first report to Congress under the provisions of the 1990 legislation.65 NATIONAL SECURITY While the United States has followed an open investment policy, the Committee on Foreign Investment in the United States (CFIUS)
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From page 38... ...
38 lions. The Exon-Florio amendment, which was made permanent in August 1991, provides the President with the power to block foreign investments that are deemed to have a potentially negative impact on national security.
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39 a security threat inherent in the globalization process. The United States has long used technology as a tool in its defense policy.
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40 branch have caused foreign firms to refrain from corporate acquisitions or takeovers of sensitive operations of U.S. companies.71 Some analysts argue that U.S.
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41 because the extra charge for the imported good goes to the U.S. Treasury rather than to the foreign firms.
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42 tries and contrasts in antitrust policy and implementation. One set of concerns relate to the question of whether Japanese investments in small, high technology U.S.
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43 tiating the collusive behavior of keiretsu, though Lawrence finds no basis for the charge that keiretsu ties lead to collusive export behavior." In contrast to the current U.S. approach of multilateral and bilateral efforts aimed at an international harmonization of national competition policies, there are some who argue that a tougher stance is required.
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44 firms enjoy in the United States. Since investment can be a mechanism for technology acquisition as well as transfer, the result may well be to limit the scope of technology transfer from Japan to U.S.
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45 Some argue for a more restrictive U.S. stance on foreign investment as part of a larger shift toward more active government involvement in promoting technology development and competitiveness in U.S.
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From page 46... ...
46 2. It appears that the technology transfer impact of Japanese investment differs widely among industries and these differences should be taken into account by policymakers and business people.
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