What is Driving the Manufacturing FDI Wave in Asia?

This paper analyzes the dynamic pattern of Japanese manufacturing foreign direct investment (FDI) in Asia. Japanese electronics firms shifted manufacturing operations abroad in the 1990s. We focus on the timing of the surge in FDI: why in this period did Japanese electronics firms increase manufacturing FDI in Asia? The empirical findings indicate that, in addition to productivity improvements, learning experiences from FDI were the primary determinants of the FDI wave. Firms' own past FDI experiences, the experiences of other firms (spillovers), and the presence of own distribution services encourage manufacturing FDI.     

New Urban Sociology in Japan: the changing debates

New Urban Sociology began in Europe at the beginning of the 1970s and then spread to the United States. It also influenced urban studies in Japan. This article examines the changing debates that have occurred in New Urban Sociology since its introduction to Japan in the late 1970s. The twenty years since its introduction from the West can be divided into three stages. The first covers the period from 1977 to 1985, when French urban sociology, particularly Manuael Castells’ theory of the state, was highly influential. The second stage, from 1986 to 1992, focused on theories of urban social movements and the concept of global city in a context of urban renewal in Japan’s major cities. The third stage, from 1992 to the present, is characterized by a transformation of New Urban Sociology into a sociological theory of space under globalization that has been heavily influenced by the work of David Harvey. Née en Europe au début des années 1970, la Nouvelle Sociologie urbaine a ensuite atteint les Etats–Unis, mais elle a aussi influé sur les études urbaines au Japon. L’article examine l’évolution des débats qui ont animé la Nouvelle Sociologie urbaine depuis qu’elle y est arrivée d’Occident à la fin des années 1970. Les vingt années qui ont suivi peuvent se décomposer en trois phases. La première va de 1977 à 1985, alors que la sociologie urbaine française, notamment la théorie de l’État de Manuel Castells, faisait autorité. La deuxième, entre 1986 et 1992, s’attache aux théories des mouvements sociaux urbains et au concept de la ville planétaire (global city) parallèlement à une rénovation des grandes villes nippones. La troisième phase, de 1992 à nos jours, se caractérise par une transformation de la Nouvelle Sociologie urbaine en une théorie sociologique de l’espace soumis à la mondialisation, concept largement inspiré des travaux de David Harvey.     

R&D intensity and domestic and cross-border M&A of Japanese firms before domestic M&A deregulation

In this paper, we examine the determinants of mergers and acquisitions (M&A) in Japan prior to the deregulation of domestic M&A transactions. We reveal that firm growth strategies and institutional differences in domestic and cross-border transactions are key determinants of the differences in M&A behavior. Our estimates show that domestic M&A activities are negatively related to research and development (R&D), suggesting that low technology-intensive firms have a tendency to engage in domestic M&A. For cross-border M&A, firm R&D activities have a significant positive effect, implying that a firm's own technology is important for absorbing foreign technology or competing in the host country.     

How are the precedents of trade policy rules made under the World Trade Organization?

Under World Trade Organization (WTO) dispute settlement, consistent trade policy rules are established through precedents. This study examines how these precedents are created by citations, including how the kinds of cases involved in previous decisions affect the citation frequency. We investigate three determinants of citation, namely, legal, economic, and political factors. The empirical analysis shows that cases having the following characteristics are more frequently cited: violations of WTO rules found, many claims of WTO rule violations, many third-party participants, and a heightened capacity of complainant country retaliation. These suggest that the case law on trade policy is not only generated through legal considerations but also reflects economically and politically sensitive cases, which the WTO may tend to follow in line with its previous decisions.