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Robert Fitzgerald - The Evolution of Multinationals from Japan and the Asia Pacific: Comparing International Business Japan, Korean, China, India

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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. ing. 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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The Evolution of Multinationals from Japan and the Asia Pacific The rise of the - photo 1
The Evolution of Multinationals from Japan and the Asia Pacific
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 by investing in foreign markets 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.
Robert Fitzgerald is located at Royal Holloway, University of London, UK. He specializes in business history, Asia Pacific business, and multinational enterprise, and he has recently published The Rise of the Global Company: Multinationals and the Making of the Modern World (Cambridge University Press, 2015).
Chris Rowley is a Visiting Fellow, Kellogg College, Oxford University, UK, Adjunct Professor, Griffith Business School and Griffith Asia Institute, Griffith University, Australia, Visiting Fellow, Institute of Asia and Pacific Studies, Nottingham University, UK, and Professor Emeritus, Cass Business School, City University of London, UK. He is the editor of the Journal of Chinese HRM and the book series Working in Asia, Asian Studies, and Asian Business and Management. He has published widely in the area of human resource management and Asian business and management, with over 500 journal articles, books and chapters and other contributions in practitioner journals, magazines and newsletters, and is also frequently interviewed and quoted in the media globally.
The Evolution of Multinationals from Japan and the Asia Pacific
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 by investing in foreign markets 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.
Robert Fitzgerald is located at Royal Holloway, University of London, UK. He specializes in business history, Asia Pacific business, and multinational enterprise, and he has recently published The Rise of the Global Company: Multinationals and the Making of the Modern World (Cambridge University Press, 2015).
Chris Rowley is a Visiting Fellow, Kellogg College, Oxford University, UK, Adjunct Professor, Griffith Business School and Griffith Asia Institute, Griffith University, Australia, Visiting Fellow, Institute of Asia and Pacific Studies, Nottingham University, UK, and Professor Emeritus, Cass Business School, City University of London, UK. He is the editor of the Journal of Chinese HRM and the book series Working in Asia, Asian Studies, and Asian Business and Management. He has published widely in the area of human resource management and Asian business and management, with over 500 journal articles, books and chapters and other contributions in practitioner journals, magazines and newsletters, and is also frequently interviewed and quoted in the media globally.
First published 2017
by Routledge
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and by Routledge
711 Third Avenue, New York, NY 10017, USA
Routledge is an imprint of the Taylor & Francis Group, an informa business
Chapters 25 2017 Taylor & Francis
Chapters 1 & 6 2017 Fitzgerald and Rowley
All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN 13: 978-1-138-28986-4
Typeset in Myriad Pro
by RefineCatch Limited, Bungay, Suffolk
Publishers Note
The publisher accepts responsibility for any inconsistencies that may have arisen during the conversion of this book from journal articles to book chapters, namely the possible inclusion of journal terminology.
Disclaimer
Every effort has been made to contact copyright holders for their permission to reprint material in this book. The publishers would be grateful to hear from any copyright holder who is not here acknowledged and will undertake to rectify any errors or omissions in future editions of this book.
Contents
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  4. v
Citation Information
The chapters in this book were originally published in the Asia Pacific Business Review, volume 22, issue 4 (October 2016). When citing this material, please use the original page numbering for each article, as follows:
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