OECD Development Centre Working Papers

The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. This series of working papers is intended to disseminate the OECD Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language.

English, French

Japan's Rapidly Emerging Strategy Toward Asia

Japan is in the process of developing much closer economic ties with its Asian neighbours, at both the government and private-sector levels. While there is little official support in Japan for the creation of any formal regional integration scheme, there is evidence of Japanese behaviour leading to what can be termed soft regionalisation with Japan as the dominant actor. A major increase in direct investment, supported by large amounts of foreign aid helping to create the necessary infrastructure for that investment, is the principal vehicle for the increasing Japanese involvement in Asia. Regional trade flows have shown less of a shift toward Japan, but that could change in the 1990s.

The developing nations of Asia have been quite receptive to this rapid increase in the Japanese economic presence, and would be quite foolish to restrict the inflow of foreign aid and direct investment. Recipient countries should recognize however that the co-ordination between ...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error