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Pan-Pacific Conference XXXIV. Designing New Business Models in Developing Economies

This publication represents the Proceedings of the 34th Annual Pan-Pacific Conference being held in Lima, Peru May 29-31, 2017. The Pan-Pacific Conference has served as an important forum for the exchange of ideas and information for promoting understanding and cooperation among the peoples of the world since 1984. Last year, we had a memorable conference in Miri, Malaysia, in cooperation with Curtin University Sarawak, under the theme of “Building a Smart Society through Innovation and Co-creation.” Professor Pauline Ho served as Chair of the Local Organizing Committee, with strong leadership support of Pro Vice-Chancellor Professor Jim Mienczakowski and Dean Jonathan Winterton.

This publication represents the Proceedings of the 34th Annual Pan-Pacific Conference being held in Lima, Peru May 29-31, 2017. The Pan-Pacific Conference has served as an important forum for the exchange of ideas and information for promoting understanding and cooperation among the peoples of the world since 1984. Last year, we had a memorable conference in Miri, Malaysia, in cooperation with Curtin University Sarawak, under the theme of “Building a Smart Society through Innovation and Co-creation.” Professor Pauline Ho served as Chair of the Local Organizing Committee, with strong leadership support of Pro Vice-Chancellor Professor Jim Mienczakowski and Dean Jonathan Winterton.

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and so on from the foreign countries and process it,<br />

and commercialize and export triumphant and<br />

achieved economic growth but the trade structure of<br />

Japan resulted today via a wide range of changes.<br />

After the war, the molded-goods of the process<strong>in</strong>g<br />

of raw material and material, the light <strong>in</strong>dustry and<br />

the sundry articles were export products, but <strong>in</strong> the<br />

1960s, the heavy chemical <strong>in</strong>dustry such as the<br />

steel, the ship developed and the solid length largesized<br />

<strong>in</strong>dustry product became the ma<strong>in</strong> force of the<br />

exportation. In the 70-80s, the competitiveness of<br />

Japanese <strong>in</strong>dustry rose substantially and the<br />

exportation of the process<strong>in</strong>g construction moldedgoodses<br />

such as electron and the electrical<br />

appliance, the transportation equipment, the<br />

precision <strong>in</strong>strument became a ma<strong>in</strong> force. In the<br />

times of the high-growth period <strong>in</strong> Japan <strong>in</strong> the 80s,<br />

the overseas expansion, the overseas local<br />

production of Japanese manufacturer were actively<br />

proceeded with from the fact that the trade friction<br />

by the trade imbalance got to occur cont<strong>in</strong>uously<br />

and so on. In the 90s, it became with the<br />

competitive era concern<strong>in</strong>g the high-tech product of<br />

the high added value which needs advanced<br />

technical power and knowledge power such as the<br />

car and IT. Then, the manufactur<strong>in</strong>g <strong>in</strong> Japan moved<br />

a factory to the Asia and changed to the form which<br />

Japan imports the products which have produced a<br />

product there.<br />

At present, economy globalization times reaches,<br />

the new <strong>in</strong>dustrial fields such as the new energy<br />

such as bio technology and the photovoltaic<br />

generation are born, and the environment of the<br />

<strong>in</strong>dustry and the bus<strong>in</strong>ess is quickly changed.<br />

Moreover new competitive eras such as the<br />

conclusion of the rise <strong>in</strong> the develop<strong>in</strong>g countries<br />

such as Ch<strong>in</strong>a and the Free Trade Agreement ( FTA<br />

) of every country, and the <strong>in</strong>dustry <strong>in</strong> Japan and the<br />

trade structure face <strong>in</strong> the big turn<strong>in</strong>g po<strong>in</strong>t.<br />

The problem of the Japan trade<br />

There are problems <strong>in</strong> the trade <strong>in</strong> Japan; hollow<strong>in</strong>g<br />

of the <strong>in</strong>dustry, food self-sufficiency rate of Japan,<br />

trade friction<br />

different. Th<strong>in</strong>k<strong>in</strong>g simply, the gotten return is 10<br />

times bigger is better for do<strong>in</strong>g the same effort.<br />

2. The product can be done <strong>in</strong> the focus.<br />

The biggest merit <strong>in</strong> case of watch<strong>in</strong>g a global<br />

market and bus<strong>in</strong>ess's be<strong>in</strong>g develop<strong>in</strong>g out will be<br />

that it is possible to do a product <strong>in</strong> the focus.<br />

3. It is easy for the fund and the human resources to<br />

gather.<br />

The <strong>in</strong>vestment sum of venture bus<strong>in</strong>ess <strong>in</strong> Japan<br />

and US is different more than 10 times.<br />

Development <strong>in</strong>to Vietnam<br />

In recent years, the Development <strong>in</strong>to Vietnam by<br />

the Japanese company is lively done. At the number<br />

of the overseas bases, Vietnam is 4 th place follow<strong>in</strong>g<br />

Ch<strong>in</strong>a, Thai, the U.S. <strong>in</strong> 2015.<br />

In ASEAN, Vietnam is the 2nd. And See<strong>in</strong>g <strong>in</strong> the<br />

departmentalization, the sale is the 5th, the<br />

manufacture is the 3rd, R&D is the 3rd and the<br />

transportation is the 4 th , all are a high rate. Cheep<br />

of personnel expenses, stable politics and society<br />

situation, goodness of the<br />

environment<br />

of the resident officer and so on are given as the<br />

merit of the Vietnamese advance.<br />

Most of the develop<strong>in</strong>g companies are<br />

manufactur<strong>in</strong>g but as an <strong>in</strong>frastructure build<strong>in</strong>g <strong>in</strong><br />

Vietnam is lively done, that the construction<br />

bus<strong>in</strong>ess <strong>in</strong>dustry develops, too.<br />

Resources, the energy and the global environmental<br />

problem.<br />

The overseas development of the Japanese company<br />

At present, there are some reasons <strong>in</strong> the<br />

overseas development of the Japanese company.<br />

1. Big market<br />

In compare with the global market and Japanese<br />

domestic market, the scale is about 10 times as<br />

Moreover, the sightsee<strong>in</strong>g promotion policy of the<br />

Vietnamese government is <strong>in</strong>creas<strong>in</strong>g the<br />

opportunity of development by service <strong>in</strong>dustry.<br />

Also with a background of the develop<strong>in</strong>g economy,<br />

<strong>in</strong> population growth, the improvement of the level<br />

of the life of the people <strong>in</strong> Vietnam br<strong>in</strong>gs high<br />

quality po<strong>in</strong>t<strong>in</strong>g and the expansion of the demand is<br />

expected.<br />

Conclusion<br />

Vietnam has the merit of the <strong>in</strong>vestment for the<br />

Japanese company; market size, germ<strong>in</strong>ancy, the<br />

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