Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience:
Openness has been shown to be an important driver of economic growth. Because of the broad character of the current globalisation process, openness has many dimensions: trade (in both goods and services), foreign direct investment (FDI), circulation of people (including the highly skilled), and inte...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Science, Technology and Industry Working Papers
no.2011/02 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Openness has been shown to be an important driver of economic growth. Because of the broad character of the current globalisation process, openness has many dimensions: trade (in both goods and services), foreign direct investment (FDI), circulation of people (including the highly skilled), and internationalisation of R&D, technology and knowledge. Economies not only benefit from inward flows of goods, services, people, capital and knowledge, but also from outward flows of those factors of production. But economic openness does not necessarily yield automatic benefits, and governments may need to complement policies to open the economy with policies that help individuals and firms adjust to liberalisation and ensure that aggregate benefits for the domestic economy are optimised. This working paper aims to assess the openness of the Japanese economy and to show how policies promoting openness are conducive to long-term growth. First, the paper benchmarks Japan in terms of openness in an international perspective relative to other G20 countries. Second, it reviews the theoretical and empirical literature on the link between openness and economic growth. Third, it illustrates the role that governments can play in stimulating openness and growth by presenting several case studies of countries that have implemented specific policies to promote openness in particular domains. |
| Beschreibung: | 1 Online-Ressource (105 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kg6nk6w3v7c-en |
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| 520 | |a Openness has been shown to be an important driver of economic growth. Because of the broad character of the current globalisation process, openness has many dimensions: trade (in both goods and services), foreign direct investment (FDI), circulation of people (including the highly skilled), and internationalisation of R&D, technology and knowledge. Economies not only benefit from inward flows of goods, services, people, capital and knowledge, but also from outward flows of those factors of production. But economic openness does not necessarily yield automatic benefits, and governments may need to complement policies to open the economy with policies that help individuals and firms adjust to liberalisation and ensure that aggregate benefits for the domestic economy are optimised. This working paper aims to assess the openness of the Japanese economy and to show how policies promoting openness are conducive to long-term growth. First, the paper benchmarks Japan in terms of openness in an international perspective relative to other G20 countries. Second, it reviews the theoretical and empirical literature on the link between openness and economic growth. Third, it illustrates the role that governments can play in stimulating openness and growth by presenting several case studies of countries that have implemented specific policies to promote openness in particular domains. | ||
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| spelling | Beltramello, Andrea VerfasserIn aut Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience Andrea, Beltramello ... [et al] Paris OECD Publishing 2011 1 Online-Ressource (105 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Working Papers no.2011/02 Openness has been shown to be an important driver of economic growth. Because of the broad character of the current globalisation process, openness has many dimensions: trade (in both goods and services), foreign direct investment (FDI), circulation of people (including the highly skilled), and internationalisation of R&D, technology and knowledge. Economies not only benefit from inward flows of goods, services, people, capital and knowledge, but also from outward flows of those factors of production. But economic openness does not necessarily yield automatic benefits, and governments may need to complement policies to open the economy with policies that help individuals and firms adjust to liberalisation and ensure that aggregate benefits for the domestic economy are optimised. This working paper aims to assess the openness of the Japanese economy and to show how policies promoting openness are conducive to long-term growth. First, the paper benchmarks Japan in terms of openness in an international perspective relative to other G20 countries. Second, it reviews the theoretical and empirical literature on the link between openness and economic growth. Third, it illustrates the role that governments can play in stimulating openness and growth by presenting several case studies of countries that have implemented specific policies to promote openness in particular domains. Science and Technology Industry and Services Japan De Backer, Koen MitwirkendeR ctb Mercader, Victor MitwirkendeR ctb Moussiegt, Laurent MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kg6nk6w3v7c-en Volltext |
| spellingShingle | Beltramello, Andrea Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience Science and Technology Industry and Services Japan |
| title | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience |
| title_auth | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience |
| title_exact_search | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience |
| title_full | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience Andrea, Beltramello ... [et al] |
| title_fullStr | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience Andrea, Beltramello ... [et al] |
| title_full_unstemmed | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience Andrea, Beltramello ... [et al] |
| title_short | Opening Japan: Comparisons with Other G20 Countries and Lessons Learned from International Experience |
| title_sort | opening japan comparisons with other g20 countries and lessons learned from international experience |
| topic | Science and Technology Industry and Services Japan |
| topic_facet | Science and Technology Industry and Services Japan |
| url | https://doi.org/10.1787/5kg6nk6w3v7c-en |
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