East Asia

Mr. Naoyuki Haraoka's picture

Liberal Investment Policy a Key Path to Realize the National Interest

Contemporary business firms face the Fourth Industrial Revolution, a large-scale ICT revolution. Innovations emerging during this transformative period have made it possible for manufacturing companies to divide the production process into many separate operations such as new product development, component production, assemble, sales, after-sales services, and so on. East Asia is no stranger to these dynamics. The horizontal division of labor in manufacturing has been common in this region since the 1980s.