The speed with which business has become globally integrated is
impressive and almost frightening. Much of this change has come
from the Pacific Basin. At the same time, however, the Taiwanese,
Chinese and Southeast Asians have also suffered from these rapid
changes. The paranoia associated with rapidly escalating rates of
foreign investment in China by a small country like Taiwan, for
example, may provide an index of the anxiety that such change can
engender.
The studies in this collection of research articles provide a
considered, rational approach to some of these changing patterns of
world business--economic growth, regional trade, foreign direct
investment, capital markets, and trade restrictions. The patterns
of changing interlocking global business systems revealed in these
articles are fascinating and reassuring. It is interesting and
enlightening to see how these Asian business systems interlock
where the parallel political systems may be in conflict.
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