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141. 21. Remer, Foreign Investments in China, p. 429; "Numaguchi gen nihon no The Origins and Evolution of Japanese Direct Investment in East Asia 43 kaigai jigyo katsudo: sono rekishiteki katei to keieiteki sho yoin" (The overseas activities of Japanese enterprise: The historical process and various managerial factors), Chiba ShodaiRonso, 13-B (June 1970), p. , Overseas Business Activities, p. 12. 22. For example, the Japanese government owned half of the capital stock in the SMRC. Remer, Foreign Investments in China, p.

In concert with its larger initiatives to deregulate the nation's international economic controls, in 1969 the government embarked on a five-stage process to liberalize FDI outflows. 62 Although the entire deregulation process took some nine years to complete, following the mid-1971 implementation of phase three, the MOF, with few exceptions, automatically validated greenfield direct investments abroad by Japanese companies without financial limit. Rising domestic business pressure, as well as increasing balance of payments surpluses, motivated the government to take this critical policy initiative.

At first enjoying huge increases in cotton textile exports to China following the outbreak of World War I and the consequent rupture of British and other Western sources of textile supplies to that large Asian market, Japanese firms rushed to invest in Chinese manufacturing in that sector following the imposition in 1919 of higher Chinese textile import tariffs. 44 Yet cotton spinners were not the only Japanese enterprises to establish direct manufacturing investments in East Asia during these years.

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A COMPARATIVE STUDY BETWEEN THE POLITICAL THEORIES OF AL-FARABI AND THE BRETHREN OF PURITY by Abouzeid, Ola Abdelaziz.


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