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The Evolution of Multinationals from Japan and the Asia Pacific - Comparing International Business Japan, Korean, China, India (Paperback)
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The Evolution of Multinationals from Japan and the Asia Pacific - Comparing International Business Japan, Korean, China, India (Paperback)
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The rise of the Japanese multinational company (JMNC) marked, from
the 1980s onwards, an historic change in the structure and in the
dynamics of the international economy. For the first time,
businesses from a non-Western nation established a competitive
global presence, and they did so by bringing their advanced
products and management systems to the developed economies of
Europe and North America. In the last 30 years, our interpretations
of JMNCs have undergone a series of revisions. Korean firms
followed JMNCs in the 1990s and the Chinese likewise in the 2000s.
A seeming decline in JMNC competitiveness and developments in the
structure of the international economy challenged a business model
of parental company direction, control and capabilities. Both
trends asked questions about how Japanese subsidiaries should
operate in global production chains increasingly reliant on
contracting out and off-shoring, and how JMNCs might engage more in
strategic cooperation and empower subsidiary decision-making. The
contributors to this volume consider a wide range of relevant
issues: they demonstrate the long-term evolution of JMNCs; they
compare the experience of JMNCs with firms from the other two major
Asia Pacific economies, Korea and China; they evaluate the
applicability of established foreign direct investment (FDI) theory
to MNCs from Japan and the Asia Pacific; and they reflect on the
internal organization of JMNCs at the global, national and
subnational level. This book was originally published as a special
issue of Asia Pacific Business Review.
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