Takeover or Makeover? Japanese Investment in America
评估了日本对美投资的影响，认为总体上利大于弊，但日本企业行为与英美模式存在差异，且投资效果因行业而异，最终取决于美国自身的经济政策。
President Bush9s trip to Japan in search of jobs, the travails of the American auto industry and its Buy America campaigns, and the renewed expansion of Japan9s trade surplus have all revived the debate over Japanese investment in the United States. On balance, Japanese investment can help strengthen the American economy, and the dangers attributed to it are mostly nonexistent or exaggerated. Nevertheless, several real issues remain: the behavior of Japanese corporations is genuinely different from that of other foreign investors, and while it is changing, complete convergence with the Anglo-American corporate model is unlikely. Reciprocal investment in Japan by foreign firms is still difficult. The impact of Japanese investment differs across the sectors, and has been most beneficial in mature, heavy industries. Finally the overall type and effect of Japanese investment is not simply determined in Tokyo or Osaka, but depends on the measures we take to strengthen the American economic base.