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Japanese manufacturing investment in the European Community has grown dramatically over the last twenty years. At first, instances of investment were few, concentrated in a small number of industrial sectors. But since the mid-1980's there has been a surge of investment in a much wider range of industries. This volume details the growth of Japanese manufacturing investment in Europe in fourteen industrial sectors. The impact of Japanese competition and direct investment on European industries is considered in the context of the emergence of the three major trading blocs: the United States, Japan and the EC. Roger Strange concludes by making important policy recommendations, and arguing for the need for a new theoretical framework for assessing the political economy of foreign direct investment.
The book considers the determinants of the regional distribution of foreign manufacturing investment in the UK. The core theme of the book is that foreign firms coming to the UK seek in their location decision to minimise their costs of production. This minimisation of production costs is constrained by the need to ensure that they are adjacent to their key markets, whether these be in the UK or wider EC.
This volume is concerned with the development of business and economic relations between Britain and Japan from the early seventeenth century up to the late twentieth century. Particular attention is given to commodity trade, capital flows, the transfer of knowledge and the overall balance of economic power between the two nations. Mutual perceptions of economic strengths and weaknesses are also considered, and the economic relationship located in the broader context of political and strategic interaction.
This volume tells a story of Welsh industrial history different from the one traditionally dominated by the coal and iron communities of Victorian and Edwardian Wales. Extending the chronological scope from the early eighteenth- to the late twentieth-century, and encompassing a wider range of industries, the contributors combine studies of the internal organisation of workplace and production with outward-facing perspectives of Welsh industry in the context of the global economy. The volume offers important new insights into the companies, the employers, the markets and the money behind some of the key sectors of the Welsh economy – from coal to copper, and from steel to manufacturing – and challenges us to reconsider what we think of as constituting ‘industry’ in Wales.
Wales has one of the highest concentrations of Japanese manufacturing investment in Europe. It provides a case study for examining the economic and social impact of this investment, which is often perceived as being very different from existing foreign investment. The book evaluates this case study, looking at the attraction of Japanese capital to Wales, its impact on the Welsh economy, upon employment, management practice, industrial relations, the community, and upon the Japanese themselves. First published in 1993, this title is part of the Bloomsbury Academic Collections series.
The Multinational Enterprise and the Emergence of the Global Factory brings together research papers authored by Peter J. Buckley, focusing on three of the most important empirical and theoretical issues in the global economy: the rise of the 'global factory'; the growth of FDI from emerging economies; recent developments in the theory of IB.
This book examines the role of the multinational firms in processes of European integration. It is primarily concerned with the implications of market integration and industrial restructuring for peripheral European regions. Nicholas Phelps argues that, because of the complex relationship between competition and economies of scale, the persistence of market segmentation, and because of the embeddedness of multinational investment in established production locations, there is considerable inertia in the existing trade and investment patterns of multinationals in the EU. This argument is explored empirically in relation to multinationals operating in Wales. This study suggests that processes of restructuring accompanying market integration are slow to take effect and based on a diversity of motives.