The formation of East Asian Sub-regional markets and the Role of Affiliates of Japanese Firms

在为期三年的研究项目的最后一年，我们专注于中国经济，并于1999年7月在上海-苏州和深圳-香港地区进行了实地考察。我们访问了一些日裔和其他民族的附属机构，并分析了在物质和货币方面在次区域一级进行的经济一体化的性质。研究发现，多层次的经济一体化正在进行，以外资子公司为核心的产业集聚已经开始形成。实地考察证实了次区域概念在分析亚洲经济时的重要性，而不是沿用传统的国家经济概念。此外，还对包括中国在内的整个东亚地区进行了调查，从贸易、外商直接投资和金融三个方面对经济一体化的推进情况进行了评估。还对相关政策的变化进行了审查。研究显示，亚洲经济体在经济结构和政策环境方面经历了一些不可逆转的变化。已经证实，跨国界的经济互动已经加强，并对传统的以贸易壁垒保护幼稚产业的政策进行了批判性的审查。这个为期三年的项目的结果将以一本名为《Ajia Keizaiken no Saihensei：Boueki，Chokusetsu Toushi to Kinyu》的书的形式公布，该书由Yoko Sazanami和Fukunari Kimura(东京：庆应义乌大学出版社)编辑。它将包括首席调查员和其他调查人员的研究论文，以及三名研究合作者的文章。

In the last year of the three-year research project, we focused on the Chinese economy and conducted a fieldwork in the shanghai-Suzhou and Shenzhen-Hong Kong areas in July 1999. We visited a number of affiliates of Japanese and other nationalities and analyzed the nature of economic integration at the sub-regional level that have proceeded in both physical and monetary aspects. It was found that the multi-layered economic integration has been going on and industrial agglomeration has begun to form with foreign affiliates as a core. The fieldwork confirmed the importance of the concept of sub-region when analyzing the Asian economies, rather than working with the traditional way of using the concept of national economies.In addition, a survey for the whole East Asia including China was conducted to evaluate the advancement of economic integration in terms of trade, foreign direct investment, and finance. Changes in the related policies were also reviewed. The study revealed that the Asian economies have experienced a number of irreversible changes in the structure of economy as well as policy environment. It was confirmed that economic interactions beyond national border have intensified and traditional policies for infant industry protection with trade barriers have critically been reviewed.The result of this three-year project will be publicized in the form of a book titled Ajia Keizaiken no Saihensei: Boueki, Chokusetsu Toushi to Kinyuu (Reformulation of Asian Economic Area: Trade, Foreign Direct Investment, and Finance), edited by Yoko Sazanami and Fukunari Kimura (Tokyo: Keio University Press). It will include research papers by the head investigator and other investigators as well as articles by three research collaborators.