Includes bibliographical references (p. 193-186) and index.

Recent Trends in International Capital Flows -- Foreign Direct Investments -- Characteristics of International Capital Inflows -- Current Account in the Balance of Payments and Capital Flows: An Historical Analysis for 1970-1993 -- Causes of Capital Flows: 1970-1993 -- The Role of International Mergers and Acquisitions -- Capital Flows to Developing Countries -- Recent Crisis in Japan and East Asia -- Government Attitudes and Environments for Foreign Investments -- Global Environment and Japanese Multinationals -- Political Economy of the Relationships Between Multinational Companies and Governments -- Japan's Overseas Investments: An Historical Analysis -- Degree of Linkage -- Portfolio Investments in the United States and Europe -- Investments in Asia -- Japan in Europe -- Japan in North America -- Japan in the Middle East and Africa -- Japan in Latin America -- Networking and Intraregional Trade -- Foreign Investments by Some Japanese Automobile Firms -- Japan and Asian Economies -- Changing Trade Structure with the Asian Countries -- Performances of Japanese Subsidiaries in Asia -- Case Study: SONY in Asia -- Case Study: NTT in Asia -- The Role of Yen as the "International Currency" in Asia -- The Role of Japan in Regional Developments -- Impacts of Overseas Business Activities on Trade and Domestic Production in Japan -- Impacts on Trade -- Impacts on Trade Balance of Overseas Business Activities -- Impacts on Domestic Production and Employment -- Case Study: Japanese Investments and Electronic Industries in Southeast Asia.