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| Author: | Ozawa, T. |
| Title: | Japan in a new phase of multinationalism and industrial upgrading: functional integration of trade, growth and FDI |
| Journal: | Journal of World Trade Law
1991 : FEB, VOL. 25:1, p. 43-60 |
| Index terms: | JAPAN MERGERS INTERNATIONALIZATION INDUSTRIAL DEVELOPMENT TRADE GROWTH |
| Language: | eng |
| Abstract: | Two major changes are under way in Japan: the building up of internal demand and translating it into a huge home market; and the transforming of factories into more advanced plants with flexible manufacturing systems. The implications are compared to the postwar efforts for industrial upgrading. Mergers and acquisitions in search for foreign assets, establishment of overseas research and development centres, integration of intra-regional operations, and intra-company imports from overseas investments are discussed. Foreign direct investments reflect the adaptive behaviour of the Japanese economy to the changing world economic conditions rather than the random market behaviour of its individual firms. |
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