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The Effects of the Single Market on the Pattern of Japanese Investment

Published online by Cambridge University Press:  26 March 2020

George N. Yannopoulos
George N. Yannopoulos*
Affiliation:
University of Reading
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Extract

The completion of the European Community's internal market will be achieved through the removal of a host of non-tariff barriers to trade and the mobility of factors of production and the liberalisation of the conditions for the provision of service activities inside the single market. This completion of the European Community's internal market will enhance the locational advantages of European markets.

Type
Articles
Information
National Institute Economic Review , Volume 134 , November 1990 , pp. 93 - 98
Copyright
Copyright © 1990 National Institute of Economic and Social Research

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Footnotes

The process of economic integration influences the patterns of foreign direct investment through the impact it exerts on the configuration of ownership, internalisation and locational advantages which in turn determine how a firm penetrates into foreign markets. The article specifies how the creation of a single European market alters the locational advantages of producing in Europe and strengthens the ownership specific advantages of European Community firms. It then examines the relative strength of Japanese firms in exploiting the locational advantages of European production by looking at their technological and organisational capacities. Finally, the paper examines recent trends of Japanese direct investment in Europe and finds evidence for the propositions advanced in the analysis reported in the first part of the article.

∗

Helpful comments were given on an earlier draft of this paper by Professor D. G. Mayes.

References

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