search query: @author Cutts, R. L. / total: 6
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| Author: | Cutts, R. L. |
| Title: | Capitalism in Japan: cartels and keiretsu |
| Journal: | Harvard Business Review
1992 : JUL-AUG, VOL. 70:4, p. 48-50, 52-55 |
| Index terms: | CAPITALISM JAPAN CARTELS MARKETS EXECUTIVES COMPETITION |
| Language: | eng |
| Abstract: | As USA companies battle to gain access to Japan's markets, two questions arise again and again: Do Japan's keiretsu - long-lived, intimate relationships among suppliers and customers - unfairly block Americans from the Japanese market? And if so, will Japan change to rectify the situation? It is argued that these questions ignore a fundamental fact: keiretsu are evidence of Japan's basic nature, and Japanese capitalism differs greatly from typical business practice in the West. Western business executives are familiar with cartels as informal - and usually illegal - agreements among companies to control prices and curb competition among themselves. In Japan keiretsu is a structural vehicle that ensures their continued success. |
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