Archive for April, 2011
Foreign Manufacturing Multinationals and the Transformation of the Chinese Economy: Faustian Bargain to Trade Technology for Access?
Testimony before the US-China Economic and Security Review Commission Hearing on “Chinese State-Owned Enterprises and US-China Bilateral Investment” March 30, 2011
What is the relationship between foreign manufacturing multinational corporations (MNCs) and the expansion of indigenous technological and managerial technological capabilities among Chinese firms? How are foreign manufacturing MNCs changing the skill intensity of activities and the extent of value-added of operations within the domestic Chinese economy?
On Sunday the Tokyo Electric Power Company announced that they had found puddles at the damaged Fukushima nuclear facility’s No. 2 reactor containing extraordinarily high levels of radioactivity—10 million times higher than would be found in water in a normally functioning nuclear reactor. Thirty minutes later they retracted the statement.
Thankfully the markets were closed and beyond the temporary scare, no lasting damage was done. But more serious problems have plagued the recovery effort and the Japanese political system is beginning to confront the possibility that emergency management reforms introduced after the 1995 Kobe earthquake have been inadequate.