Introduction

Hanns Günther Hilpert and René Haak

A chapter in Japan and China, 2002, pp 1-11 from Palgrave Macmillan

Abstract: Abstract All through the 1990s Japan and China experienced diverging courses of economic fortune. The economic superpower Japan, following the collapse of its stock and real estate markets, went through a decade of enduring economic stagnation and most of Japan’s industry has not been able to keep pace with the high growth and rapid productivity gains of its main cornpetitors in the US. In contrast, China has sustained high economic growth rates of around 10 per cent per annum and Chinese firms have gained dominant world market shares in an increasing number of industrial sectors. As a result, China’s developmental gap to the leading industrialized countries narrowed substantially, and China has achieved the stature as a centre of regional political and economic power.

Keywords: Foreign Direct Invest; Bilateral Trade; Japanese Business; ASEAN Regional Forum; Japanese Foreign Direct Invest (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0739-4_1

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DOI: 10.1057/9781403907394_1

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