Today’s class was lecture about FDI, one area of political economy. Usually, the class is taken twice; starts 8:30 a.m. and 10:30 a.m. But, today’s class was only once; from 9:00a.m to 12:00p.m. This is why students attended class were different.
Lecturer was Ari Kokko, a professor of SSE, and experienced advisory of governments. The lecture was exciting because he told us some examples of FDI that he worked as advisory, even if the contents is only fundamental view of FDI. In addition, taking political influence to business for granted was meaningful for me because I will work in the government in Japan. Japanese government, is often criticized its excessive interventions to economy, is not only one, I thought.
Lecture was summarized as this: FDI is so influenced governmental policy of host and home country. And these influences are often political, not economical. Most important influence is spillover; positive and negative. Spillovers include technology, reputation of country, employment, environmental effect and so on. However, because of the globalization of trading policy from WTO, options of policy are getting narrow. In that time, education is most important of all countries because free education is only non-regulated subsidy. Ultimately, most important question is “What kinds of job remains in the home country?”.
I felt political economy was so interesting to study, I hope to study more in future.
URL:http://www.idrc.ca/en/ev-30979-201-1-DO_TOPIC.html
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