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Pages 21-22

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From page 21...
... Direct investment overseas by Japanese corporations rose 5.5 percent in fiscal 1993 to $36 billion due to the shift to offshore production. Also, in 1993, the number of Japanese cars made in the United States surpassed the number of Japanese cars shipped from lap en to the United States.22 In a sample of eight consumer products, from color TVs and video decks to refrigerators and washing machines, the number of products in which overseas production exceeded production in Japan went from one in 1985 to three in 1990 and five in 1993.23 In the electronics industry, the overseas employment as a percentage of total industry employment rose from 29 percent in 1991 to 41 percent in 1995.24 Some studies show that although economic activity has been gIobalizing, the globalization of R&D activity has not progressed as much as have other corporate activities such as manufacturing.
From page 22...
... SOURCE: National Science Board, Science and Engineering Indicators 1998.


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