일본기업의 동북아 분업구조와 산업공동화 = The Division of Labor of Japanese Firm in East Asia andit's Hollowing-out Effect

다국어 초록 (Multilingual Abstract)

The target of this paper is analyzing the relationship between long time recession and hollowing-out of Japanese economy. First, I analysed Japanese FDI trends to East Asia and enlarged network among its affiliates. Second, also analysed the relationship between FDI and Japanese trade structure. Since 1985 Plaza Accord, Japanese companies increased their FDI in Asia and built network among affiliates. As this magnification of affiliates' production ability, The trade structure of Japan has changed. Import from East Asia have increased rapidly regardless of the Japanese domestic economic condition, and its main import goods have also changed from row materials to the manufactured goods which is produced in the Japanese affiliates. This kind of facts mean that increased FDI gives same effect to the Japanese economy like J-curve effects under Yen appreciation. In the first stage of FDI, export induction effect was bigger than the export substitution and reimport effect. But as its production ability increased, export substitution and reimport effect. But as its production ability increased, export substitution and reimport effect surpassed the export induction effect. All the other research results and my analysis give us certification about hollowing-out of effect which was caused by Japanese FDI. To decide whether hollowing-out of Japanese economy would advance or not in the future, we should think about next two points. One, international economic situation which accelerates or stagnates Japanese FDI, the other, the Japanese ability of creation in the new frontier industry. First, in the short term, Japanese firms would be inactive in the FDI especially to East Asia because of the recent financial crisis, but in the long term, its FDI trends would be accelerated by the economic potentialities of this region and growing possibilities of exchange rate gap between Japan and East Asia. To prevent hollowing-out of Japanese economy in this international economic situation, Japan should create new frontier industries as soon as possible. But in this paper, this subject did not analysed. That will be the next theme.

목차 (Table of Contents)

• Ⅰ. 머리말
• Ⅱ. 일본의 대 아시아 직접투자와 해외 네트워크의 진전
• Ⅲ. 일본의 무역구조의 변화와 산업공동화
• Ⅳ. 맺는말