The purpose of this paper is to examine the efficiency of labor markets for workers with different levels of educational achievement in Indonesian manufacturing plants in 1996. Specifically, the paper asks (1) are earnings for more educated workers higher than for less educated workers, and (2)...

This paper analyses determinants to economic growth with a spatial perspective using data on the Swedish counties for the period 1911-1993. We find that the county growth rate of income per capita is strongly related to the growth rate of income per capita in contiguous counties regardless of...

After a review of the literature, we conclude that there is potential for significant “spillover effects” from FDI into host countries. However, we identify some limitations of this potential to do with the stock of human capital, the interest in local firms of promoting skills transfer and...

Socially embedded features in Japanese markets and how market activities in Japan deviate from the West have attracted considerable attention from a wide range of scholars in the social sciences. But the period of economic stagnation following the burst of the bubble economy in 1990 has brought...

This paper examines the social impact of the recent Asian Economic crisis, drawing on the results of studies in two countries: Singapore and Thailand. The economic crisis had interrupted three decades of steady growth that had been accompanied by remarkable progress in poverty reduction and a...

Wages in domestically- owned Indonesian manufacturing plants taken over by foreign firms increased sharply between the year before takeover and two years after takeover, relative to plants remaining in domestic ownership. Blue- collar wage levels in these plants had been less than 10 per cent...

Northeast Asia has had trouble developing regional interaction, cooperation and market synergies; this paper summarizes key impediments and proposes various countermeasures. Suggestions include improvements in administrative transparency and property law, building on EU and ASEAN organizing...

The Japanese economy has had four recessions since 1990. Also the U.S. economy has been in difficulties during more recent years but there are clear signs of an economic recovery. While Japan’s difficulties are not the mirror image of those in the United States, it is interesting to note that...

Mergers and acquisitions (M&As) are not a new phenomenon in Japanese business. Especially after the end of the Allied occupation of Japan, the number of domestic M&As rose sharply due to the reconsolidation of former Zaibatsu firms broken up by the occupation authorities. During the Japanese...

The general aim of this paper is to review structural factors in Japan’s domestic and international context that are driving changes in Japan’s civil society. The opening up of the Japanese market and the globalization of the world economy, the information revolution and technology...