10/31/2001
Private Sector/Government Commission of the
U.S.-Japan Economic Partnership for Growth
DISCUSSION TOPIC
CREATING AN ENVIRONMENT FOR SUSTAINABLE GROWTH:
Raising Productivity and Corporate Revitalization
Focusing on factors constraining the efficient allocation of resources within the two economies, the Commission might consider the following issues:
(1) PRODUCTIVITY:
- Factors, including regulatory structure, that explain differences in productivity among industries internationally and domestically.
(2) CORPORATE RESTRUCTURING:
- Formal (legal) and informal (out-of-court) frameworks for corporate restructuring and how they relate to international standards;
- Techniques for corporate restructuring;
- Adequacy of infrastructure and resources required for corporate restructuring.
(3) CORPORATE GOVERNANCE
(4) DIVERSIFICATION OF METHODS TO ACQUIRE RESOURCES FOR CORPORATIONS:
- Efficient allocation of human resources;
- How economic factors, such as saving rates, affect the availability of capital;
- How efficiently functioning markets, including markets for distressed assets, contribute to more efficient resource allocation.
(5) LEGAL ASPECTS OF CORPORATE ACTIVITIES:
(6) THE ENVIRONMENT FOR ENTREPRENEURSHIP
(7) CORPORATE ACTIVITIES AND THE ROLE OF THE GOVERNMENT IN THE MARKET:
- Competition and regulatory policy;
- Externalities and market imperfections.