Published by:
Harvard Business Publishing
Length: 8 pages
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Abstract
Joint venture agreements between U.S. and Japanese companies in high- technology industries seemingly make good business sense for both countries. Yet these agreements pose a threat to America''s industrial competitiveness. Today''s big competitive gains come from learning about manufacturing processes. At the heart of a growing number of U.S.- Japanese joint ventures is the agreement that the Japanese will undertake complex production. As a result, Japanese workers produce a steady stream of new products and the overall skill level of the population goes up. Government should create incentives for companies doing business in the United States to invest in complex production, using American workers and engineers.
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Abstract
Joint venture agreements between U.S. and Japanese companies in high- technology industries seemingly make good business sense for both countries. Yet these agreements pose a threat to America''s industrial competitiveness. Today''s big competitive gains come from learning about manufacturing processes. At the heart of a growing number of U.S.- Japanese joint ventures is the agreement that the Japanese will undertake complex production. As a result, Japanese workers produce a steady stream of new products and the overall skill level of the population goes up. Government should create incentives for companies doing business in the United States to invest in complex production, using American workers and engineers.