China has undergone a remarkable transition over the past thirty years from a centrally-planned economy to a more market oriented one. The transformation of business in China has been correspondingly evident. This book gives an interdisciplinary analysis of the evolution of business development in China and the 'marketization' of industry during this period within a complex framework of legal, political, and economic reform aims.
The book includes twelve original business case studies to provide industry-specific analysis of the overarching macroeconomic and legal developments. It examines both domestic enterprise reform in China and the evolving treatment of foreign firms in the context of both corporate laws and economic policies, and how business is likely to evolve as economic and legal reforms rapidly increase during the twenty-first century, notably with regard to China's increasing global integration.

Multinational Firms and International Relocation addresses the impact of inward foreign direct investment on the host country and the extent to which it displaces jobs at home. Multinational firms in the United States, Japan and the European Union are focused on by a distinguished group of international business scholars who include Giovanni Balcet, Pierre-Andre Buigues, Wong Yu Ching, John H. Dunning, Edward M. Graham, F. Harianto, Thomas Hatzichronglou, Alexis Jacquemin, Terutomo Ozawa, E. Safarian, Philippe Saucier, Yoko Sazanami and Hideki Yamawaki. Issues addressed include European industrial relocations in low wage countries, US direct investments abroad, the strategies of Japanese multinationals, the impact of foreign investment on the domestic manufacturing industry of OECD countries, and multinationals and technology diffusion in South East Asia. International business scholars, business strategists and policy makers will welcome Multinational Firms and International Relocation for the combination of insights and analysis it offers on the strategies of multinational firms, the impacts of their relocation policies and the evolution of the delocalization debate.

Alan Rugman is recognized as one of the leading scholars in the field of international business and his ideas have been extremely influential. The Theory of Multinational Enterprises is the first of two volumes of Rugman's key contributions to the field of international business. The articles in this volume explore aspects of multinational enterprises and apply the theory of internalization to North America, Europe and Japan. Rugman's theoretical approach is extended further as the analysis is related to research on networks and strategic alliances. Included in this volume is a unique and compelling perspective on the development of the field of international business over the past twenty years. Rugman provides the reader with insights into both the intellectual and personal history of the papers. This book is considered vital reading for both academics and policy makers interested in the relationships between multinational enterprises and governments. Together with its companion volume, Multinational Enterprises and Trade Policy, it will improve access to the work of Alan Rugman, one of the most influential scholars working on trade policy and the multinational enterprise.

The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the 'flying-geese' theory explains how capitalism has changed industrial structures across the world. It asks whether the 'flying-geese' formation will survive the changes that have produced the East Asian miracle, and - as hoped - spread to Africa.Terutomo Ozawa's reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful 'flying-geese' formation and structural transformation. The book argues that the 'ladder' of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana - moving from 'kicking away the ladder' from emerging economies to then providing it - demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs. This enlightening, accessible and timely conclusion to Ozawa's trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.

Trade and investment liberalization in the Pacific has highlighted the importance of structural competitiveness for both corporate executives and national policymakers. In Structural Competitiveness in the Pacific, a distinguished group of authors contributes to our understanding of patterns of structural competitiveness affecting trade and production links between East Asia and North America. Interaction between national policies and corporate strategies has given East Asian states clear advantages over North American competitors. The place of the Pacific in the world economy, infrastructures and financial structures in the region, American and Japanese structural competitiveness, sourcing by Japanese and American multinationals in the Pacific, as well as structural interdependencies and the potential for collective management across the region are all addressed in this volume. Unlike previous comparative work addressing the decline in American competitiveness, Structural Competitiveness in the Pacific takes into account the significance of transnational production by international firms and places US problems in a regional comparative context which includes Japan and the industrializing East Asian states.

Foreign Direct Investment in Japan is the first serious and comprehensive examination of why the direct participation of foreign firms in the economy of Japan is lower than in any other advanced industrial nation. An internationally acclaimed group of scholars and practitioners addresses this problem and considers what policy actions, if any, the Japanese government can take to increase direct investment. Foreign exchange controls banned direct investment into Japan until the late 1970s and this is still partially responsible for the low penetration of foreign firms. A fundamental question addressed by the book is whether or not ownership advantages in technology and management know-how possessed by foreign firms are strong enough to overcome the extra costs of doing business in Japan. Such extra costs or locational disadvantages include very high land and labour costs as well as business practices unique to Japan, characterized by the long-term customized transaction relationship among assemblers, component suppliers, distributors and financial institutions and the long-time employment system. Although the Government of Japan desires to invite more foreign firms, this book demonstrates that there are many areas where direct investment has been adversely affected by internal regulation. Foreign Direct Investment in Japan explores this participation of foreign firms in this economy from the perspectives of economic theory, history, and the practical experiences of non-Japanese firms that have attempted to do business directly in Japan.

This book examines the capital structure dynamics in Indian MSMEs, offering empirical evidence to better understand the financial practices within entrepreneurial settings. Altaf and Shah in this book assess the financing pattern of Indian MSMEs, response of capital structure determinants to different macroeconomic states, links between working capital and capital structure, cash flow volatility and capital structure and also the impact of credit risk on capital structure and firm performance relationship. This book enthuses the audience looking to understand newer dynamics of capital structure and its interplay in the Indian MSMEs.

Innovation is of critical value in the modern global economy, as it performs several important economic functions. The first is related to supporting the sustainability of socio-economic systems, preventing the emergence of crises and, if they do occur, providing solutions to overcome their consequences. Secondly, innovation allows for the activation of economic growth and social progress through the rationalization of economic activities. Thirdly, innovation supports the global competitiveness of economic systems, allowing for the specialization of production and sales of unique goods that are in high demand in both domestic and global markets. At the same time, innovational development in economic systems is required to mitigate the high levels of risk and requires both effective management and a reliable normative and legal foundation. This book studies the economic and legal foundations of managing the innovational development of economic systems from an interdisciplinary perspective, bringing together the thoughts of international scholars in management, economics and law.

Trust is increasingly recognized as a crucial aspect of successful economic relationships, albeit a difficult one to define, and Mark Casson has been at the forefront of recent research in this area.Mark Casson pioneered the use of transaction cost theory to explain the boundaries of the multinational firm. In The Organization of International Business, he extends the internalization theory of the firm to encompass, on the one hand, inter-firm networking and, on the other, the internal organization and managerial structure of the firm. The key innovation is the distinction between information cost - the cost of gathering information on the assumption that it is true - and transaction cost - the cost of ensuring that the information actually is true. This innovation facilitates a synthesis of transaction cost analysis and organizational behaviour. It also provides new insights into the dynamics of internationalization, and the role of learning in the growth of the firm. The Organization of International Business is a major extension of international business theory which synthesizes transaction cost analysis and organizational behaviour. Although it focuses on international business and multinational enterprises, the analysis can be applied to a wide variety of business units. Together with its companion volume, Entrepreneurship and Business Culture, this topical and wide-ranging book offers a definitive analysis of the importance of trust in economic life as well as the related concepts of networking, consultation and empowerment.

Presenting a clear and instructive toolkit for upper level undergraduate and postgraduate students to successfully understand and analyse foreign operation methods, this revised second edition brings up to date its unparalleled coverage with new theoretical and empirical research and the latest company case material. As experts in the field, the authors share their wealth of international knowledge to give the book a strong cross-cultural appeal. New to this edition:? an extended analysis using new and relevant case studies for students to explore foreign operation methods in the full range of small, large and multinational firms updated strategic analyses of emerging concerns, such as mode combination, flexibility and development over time a thorough overview of theoretical perspectives to encourage better understanding of the 'why, what and how' of mode decisions an updated mode strategy section which allows you to challenge existing perspectives and research. Influenced by the needs of the next generation of international business, management and marketing students, this second edition provides the most comprehensive coverage of foreign operation methods in current literature, and will be an excellent introduction to the nature and range of mode options available to companies as they internationalise.

EU policy in the area of corporate governance and capital markets is being reoriented. Harmonization is less frequently seen as a concept in company law; regulatory competition is on the rise; and experiments in soft law are being carried out. Several Member States have recently reformed their corporate laws, wither as a reaction to financial scandals or in an effort to enhance investment. Convergence has increased as a result, particularly towards Anglo-American standards. Yet differences still exist, profoundly rooted in national systems of corporate governance. By contrast, capital markets law would seem to be an exception, having undergone intense harmonization in the last few years through the Lamfalussy regulatory architecture. Nonetheless, a European system of securities regulation is not yet in place. Regulation is predominantly domestic, while private laws affecting capital markets are still divergent. This volume examines the ongoing debate from an interdisciplinary perspective. Part 1 explores the political determinants of corporate governance and evaluates likely convergence and the role of regulatory competition. Part 2 considers the Markets in Financial Instruments Directive (MIFID) and its central role in harmonizing EU securities trading. Part 3 analyzes the MiFID more deeply and explores other measures including the Prospectus and Transparency Directives. Part 4 offers future perspectives on the post-FSAP era.

Fostering inclusive green growth in Africa means addressing existing and emerging development challenges, while efficiently managing Africa's natural capital and building resilience to environmental, social and economic risks. Although this new paradigm for development has the potential to create tremendous business opportunities, there are also challenges. This book provides empirical evidence on the conditions for the emergence of green businesses in Africa. It includes 13 case studies, which identify the determinants of small and medium-size enterprises' engagement in inclusive and sustainable growth in rural Africa, and the factors that hinder eco-innovation in business and entrepreneurial activities. Furthermore it discusses appropriate regulations and policies to stimulate the development of green business in Africa. Offering insights into the relationship between eco-innovation, labor productivity and business competitiveness in rural Africa, this book appeals to scholars, policy makers and practitioners interested in a green economy for Africa.

This is the first book to comprehensively examine NGOs as institutional players in the formulation of public policy and the implementation of corporate strategy. The delicate balance between governments and the private sector in managing globalization and influencing broader societal interests is also explored.

Globalization has seismically shifted the relative balance of power between governments and corporations. The influence of NGOs--nongovernmental organizations--on business, government, and society has increased dramatically in recent years, yet their role in the process and outcome of the globalization debate calls for further examination. This is the first book to comprehensively examine NGOs as institutional players in the formulation of public policy and the implementation of corporate strategy. The delicate balance between governments and the private sector in managing globalization and influencing broader societal interests is also explored.

This book describes how international negotiations can be conducted in a structured, professional and effective manner. It also offers recommendations based on examples of successful negotiations from both economically leading countries such as the USA, China and Japan, as well as smaller countries such as the Netherlands, Israel and Morocco. Providing practically relevant experiences from middle and top management positions in different business sectors, the contributors focus on all elements of negotiations, spanning from preparation, execution, strategies and tactics to non-verbal communication and psychological factors. Moreover, the chapters offer detailed introductions to more than 25 countries around the globe, which can be used as a reference guide to doing business in the specific contexts.

Most works on John Maynard Keynes deal with his General Theory of Employment, Interest and Money and his theory of unemployment. Much less well-known are his publications on money, finance, and international trade. This book fills that void by providing an analysis of Keynes' works from "Indian Currency and Finance" to "The Proposal for a Currency Union." It seeks to show that his concerns extended beyond his magnum opus to include the monetary and financial concerns of Great Britain and the world at large.

How do firms from emerging economies strive for the internationalization of their business? This comprehensive two-volume collection tackles this question by taking a closer look at underexplored issues, including bottom of the pyramid (BoP) business models, value creation and co-creation, employee commitment and the 'born global' concept. Volume II examines internationalization from the perspective of European and African firms. It covers an array of pressing issues within Europe including responsible business practices between SMEs from developed and emerging countries, and the impact of psychic distance, while coverage of African firms places a spotlight on under-researched countries such as Tanzania, Zambia and Nigeria. Providing further examination of emerging markets and internationalization processes, this second volume offers a comprehensive guide for all researchers of international business.

This Palgrave Pivot provides an introduction to the economy and business environment of Vietnam, a member of the ASEAN Economic Community whose economy is rapidly growing. The introduction argues that though there may be perceived disadvantages in investing in Vietnam, there are a number of benefits as well, such as the country's openness to trade and foreign direct investment, the increasing ease of doing business there and the dynamism of the economy. The book then provides an overview of Vietnam's economic policy since 1975, covering reunification, attempts at a command economy, and finally renovation under Doi Moi Policy. Further chapters cover the expansion of the private sector, interest in foreign investment, and the peculiarities of marketing and finance in Vietnam. As an edited volume with chapters written by Vietnamese scholars across economics, history, and business, this book is critical reading for researchers studying Vietnam and other Asian economies and for businesses interested in expanding into that market.

Consider Africa--not with pre-established mindsets, unexamined assumptions, and bland generalizations--but for what Africa actually is: a setting in which marketers can gather new ideas and test old ones and perhaps emerge with a more varied, certain sense of what the marketing enterprise itself, is all about. Nwankwo, Aiyeku, and their contributing authors, all specialists with a remarkably wide range of experience and viewpoints, uncover the unexpected factors that they are certain will determine the success of selling just about any product or service to established or developing African nations. Original, eclectic, and agenda-setting, their book provides a startling insight into the dynamics of marketing in this fascinating region of the world as it continues to initiate the new macroeconomic and political reforms that are transforming the African continent into an important player on the international business scene.

Nwankwo and Aiyeku see their book as a welcome attempt to identify and explore the institutional processes in which not only the study but also the practice of marketing is embedded. They work with three main themes: the processual issues, including theory development and the reconceptualization of conventional paradigms; the nature of the interrelationships that shape the dynamics of marketing overall; and the context-specific dimensions of marketing generally, its marketing operations. As the volume editors state: By and large, African nations present new contexts and new strategic challenges. As they become focused, certain general approaches as to how various characteristics influence marketing behaviors have to be established. This book, through addressing these contextual issues, provides a better focus for creating a relevant set of marketing activities in African situations.

How do firms from emerging economies strive for the internationalization of their business? This comprehensive two-volume collection tackles this question by taking a closer look at underexplored issues, including bottom of the pyramid (BoP) business models, value creation and co-creation, employee commitment and the 'born global' concept. Taking both a geographic and thematic approach to the topic, the first volume addresses universal challenges such as inclusive innovation, the ethics of corporate leadership, and knowledge management, and also places a special emphasis on China. Providing an overview of the strategies and operations involved in internationalizing Chinese firms, this book is an essential read for those researching emerging markets and globalization in general, as well as Asian Business more specifically.

A Comprehensive History of the Tariff System in the United StatesGoss traces the tariff system through three avatars that often existed simultaneously: protective, preventive and punitive. From an ineffective colonial system that allowed importers to avoid payment through extended credit arrangements, to a somewhat less troubled system that demanded immediate cash payments in the early 1840s, to a punitive system designed to stymie smugglers during the Civil War, the collection of tariff duties was always problematic. This problem was enhanced in the wake of industrialization and protectionism when direct taxes began to supplant indirect taxation as the major source of government finance. Reviewing the history of American tariff regulation, Goss discerns a gradual process towards "more stringent supervision, regulation and control" (88). Originally published in the series Studies in History, Economics and Public Law edited by the Political Science Faculty of Columbia University.John Dean Goss (1869-?) served as a judge in Wisconsin. He later moved to Oregon, where he practiced law.Contents IntroductionCHAPTER I. The Colonial Period 1. Virginia customs administration 2. Massachusetts customs administration 3. New York customs administration CHAPTER II. The National Tariff Administration of the Eighteenth Century1. Customs officers 2. Entry of goods and collection of duties 3. System established by act of 1799 CHAPTER III. The Development of the System Established by the Act of 1799 up to the Civil War 1. Prevention of undervaluation 2. The auction system 3. Appraisement reforms of 1830 4. Payment of duties in cash 5. The "similitude section" and the warehouse system 6. The administrative remedy by appeal to the Secretary of the Treasury CHAPTER IV. Tariff Administration from the Civil War to 18901. Attack on the warehouse system 2. Triplicate invoices 3. Dutiable value 4. Appraisement at the port of New York5. Transportation in bond 6. Special agents and general orders 7. Searches and seizures 8. Compensation of customs officers 9. Repeal of the moieties clause 10. Repeal of discrimination against goods from the far East 11. Dutiable value and similitude section under the act of 1883 12. Classification of sugars under the act of 1883 13. Passengers' baggage CHAPTER V. The McKinley Administrative Bill of 1890 1. General purposes of the late tariff acts 2. Increased stringency of provisions to prevent fraud 3. Remedies against appraisement and classification 4. Abolition of damage allowances 5. Manufacturing in bond and drawbacks 6. Abolition of fees CONCLUSION. General Tendencies of Tariff Administration in the United States

Despite being the third largest economy in Southeast Asia, Malaysian entrepreneurial activity is under-reported in the scholarly literature. This book extends such research by examining the impact of entrepreneurship on its economy and evaluating the existing systemic problems. The Malaysian economy has benefited from the density of knowledge-based businesses and utilization of the latest technologies in the manufacturing and digital economies. However, Malaysia faces ongoing challenges, namely concentration of wealth in the city, high regional unemployment and workplace gender inequality. In regional areas, there is an over-reliance on agriculture and necessity based entrepreneurship. Consequently, entrepreneurial activity has been encouraged with the creation of eco-systems, seed corn funding and provision of entrepreneurship education to offer entrepreneurial career choices. Providing recommendations and best practice for driving entrepreneurship and entrepreneurial behaviours, this contributed volume presents the first opportunity to reflect on both the success stories and systemic problems related to effective entrepreneurial behaviour in a South East Asian context.