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Europe and the Japanese ChallengeThe Regulation of Multinationals in Comparative Perspective$
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Mark Mason

Print publication date: 1997

Print ISBN-13: 9780198292647

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198292647.001.0001

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The Regulation of Multinationals in Comparative Perspective

The Regulation of Multinationals in Comparative Perspective

(p.136) 5 The Regulation of Multinationals in Comparative Perspective
Europe and the Japanese Challenge

Mark Mason

Oxford University Press

Japan directly invested enormous sums of capital in Europe beginning in the late 1980s. Historically, the recipient of only limited inflows of such FDI, European officials debated appropriate policy responses to this suddenly exclusive growth. The ultimate character of those responses was largely consistent across critically affected sectors examined in this chapter, yet differed greatly from analogous American policy responses. This record points to the operation of a more general European policy model towards the Japanese Challenge. Moreover, comparing this European record with an analogous Japanese one as well as American responses offers fresh insights into ongoing debates over the notion of convergence of capitalist systems across the entire Triad of advanced industrialized countries.

Keywords:   FDI, policy responses, American policy, European policy model, Japanese Challenge, capitalist systems

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