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Promotion of Tourism as a National Strategy.
(From Journal of Japanese Trade & Industry (JJTI))
Byline: Kojima Akira
Driven by the termination of the Cold War, globalization is rapidly picking up momentum. The explosive expansion of direct investment symbolizes and constitutes the essential element of globalization. Direct investment represents the flow of an economic resource which combines capital, technology and management know-how beyond national borders. As China's phenomenal economic development suggests, direct investment tremendously expands recipient countries' production power, triggers a large-scale global division of labor and realigns this process.
The rapid expansion of ...
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