Manufacturing in Japan: Factories and National Policy
Manufacturing in Japan: Factories and National Policy
Corporate management, convinced that factories in Japan cannot compete against China’s low wages and lax environmental regulations, have shifted manufacturing operations overseas. This chapter argues that industrial flight is a shortsighted strategy that harms innovation and undermines employment and middle-class values in Japan. Government policies, from taxes to climate change, should support the retention of excellent manufacturing sites in Japan.
Keywords: manufacturing, work style, factories, hallowing out, offshore, comparative advantage, US manufacturing
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