The Impact of Japanese Investment on the New Town of Milton Keynes


Book Description

Foreign direct investment (FDI) is pivotal to the UK economy, with the UK being both the second largest investor abroad and the second largest host to foreign companies. Although since the Second World War FDI has been dominated by the USA, the more recent rise of Japan as both an international force in global markets and as an investor, has seen increasing amounts of Japanese FDI being directed towards the UK. Further, the perceived innovativeness of Japanese work organisation is held by many to have an even greater qualitative impact than the quantitative significance of Japanese FDI would indicate, providing both a 'demonstration' effect and a competitive spur to indigenous companies that it is believed has the power to transform the UK's competitiveness. However, many aspects of the 'Japanese challenge' have become mythologised, and it is important not to simply take these claims as axiomatic, especially as Government policy - including financial inducements to inward investors - are based upon these assumptions. Therefore, this dissertation uses primary and secondary research to assess the impact Japanese investment has had upon the new town of Milton Keynes (MK), which is the home to a significant cluster of Japanese investors, with a composition that broadly reflects FDI into the UK from Japan as a whole. The conclusion is that although there have been benefits in terms of employment, any positive transformative effect upon either indigenous industry or human capital has been limited. Further, the structural weakness in skills of the UK economy mean that Japanese investment may impose longer-term costs upon UK welfare.




A Social History of Milton Keynes


Book Description

This book discusses the prejudices that have distorted understandings of the city of Milton Keynes and focuses upon the original thinking that went into the planning of Milton Keynes.




Changing Settlements


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Examines the changing aspects of settlement and urbanization in the modern world, particularly in Great Britain. Suggested level: senior secondary.




Yen!


Book Description

A single Japanese company, Nippon Telegraph & Telephone, is worth more than IBM, AT&T, General Motors and G.E. combined. All of the world's largest banks are Japanese. These and other fascinating facts detail a subject vital to America.







British Business


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Investors Chronicle


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The Economic Consequences of the Peace


Book Description

John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.