Analyzing the motivating forces behind the trend toward Japanese direct overseas production, this work examines the appreciation of the yen, rising labor and energy costs, environmental decay, shortages of industrial sites, and critical dependence on overseas resources as factors in prompting Japanese firms to transfer production facilities abroad.
Originally published in 1979.
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Argues that inflation has been caused by changes in the nature of competition, and suggests a new approach to wage and price controls that could improve the economy.
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