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Foreign Produced Content And Japanese Price Disinflation: An Empirical Study, Peggy Takahashi, Daniel Blakley, Joel Oberstone, Yasuhiro Akiyama
Foreign Produced Content And Japanese Price Disinflation: An Empirical Study, Peggy Takahashi, Daniel Blakley, Joel Oberstone, Yasuhiro Akiyama
Economics, Law, and International Business
This research investigates the role non-macroeconomic factors have played in subduing inflationary pressures in Japan. We investigate the hypothesis that the under-recognized presence of goods with high foreign produced content (FPC) in the consumer market basket has coincided with reduced price-level increases over the time period 1991-2004. An empirical examination and descriptive comparison of CPI market basket items and import data categories suggest the negative relationship between FPC and the CPI inflation rate over this time period is significant. Our conclusions suggest the extent to which measures of inflation are considered to be an accurate gauge of macroeconomic conditions or …
Managing Foreign Corrupt Practices Act Risks Of Gift, Travel And Entertainment Expenditures, Karl Boedecker
Managing Foreign Corrupt Practices Act Risks Of Gift, Travel And Entertainment Expenditures, Karl Boedecker
Economics, Law, and International Business
Significant increases in Foreign Corrupt Practices Act enforcement activities have heightened the legal risks associated with giving gifts or paying travel and entertainment expenses for U.S. firms when promoting their goods or services in foreign markets. This change in the external environment necessitates appropriate strategic adjustments and managerial actions. The lack of specific standards of conduct under the FCPA’s general prohibitions requires that U.S. firms closely monitor the increasing number of investigations and legal actions initiated by the U.S. Securities Exchange Commission and the U.S. Department of Justice.