Published in The Australian Rationalist Vol 44, June 1997 GREGORY CLARK is a former Australian diplomat who was professor of economic and comparative culture at Tokyo’s Sophia University. He is currently president of Tama University, a small specialist university near Tokyo. While considering the topic of this conference I came

by GREGORY CLARK March 1971 JAPAN’S DIRECT INVESTMENT overseas presents a number of unique features. Unlike most direct investment from advanced countries, Japan’s investment has been motivated largely by boped-for trade gains. This in turn may have affected the growth and profitability, and many other aspects of its postwar direct