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The Strategy of Pacific Asian Multinationals

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Abstract

The last decade has seen a proliferation of research on ‘Third World Multinationals’, ‘Multinationals of the South’, ‘Foreign Direct Investment from Developing Countries’. However, although some valiant attempts at synthesis have been made, this research remains fragmented and lacks a common focus.1 In some respects such a situation is desirable. Increasingly suitable theoretical vehicles and common objectives will emerge as the research field (and the phenomena) mature(s). But it is desirable to hasten this process wherever possible — and this is one of the aims of this article.

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Notes

  1. The works referred to are: Louis T. Wells, Jr (1983) Third World Multinationals: The Rise of Foreign Investment From Developing Countries (The MIT Press: Cambridge);

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  2. Sanjaya Lall (1983) The New Multinationals: The Spread of Third World Enterprises (John Wiley: Chichester);

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  3. J. P. Agarwal (1986) ‘Intra-LDCs Foreign Direct Investment: A Comparative Analysis of Third World Multinationals’, The Developing Economies, 1985 XXIII, 3;

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  4. J. Monkiewicz, ‘Multinational Enterprise of Developing Countries: Some Emerging Characteristics’, Management International Review, 26, 3.

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  5. For further details see Peter J. Buckley and Hafiz Mirza (1986) ‘Pacific Asia’s Multinatinals’, Euro-Asia Business Review, 5, 4.

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  6. Hafiz Mirza, Multinationals and The Growth of the Singapore Economy, (Croom Helm: London, 1986).

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  7. Some good works on the role of the Overseas Chinese in Pacific Asia include, Lim Mab Hui (1979) Ownership and Control of the One Hundred Largest Corporations in Malaysia (Oxford University Press: Kuala Lumpur);

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  8. Krirkkiat Phipatseritham and Kunio Yoshihara (1983) Business Groups in Thailand (Institute of South East Asian Studies: Singapore);

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  9. Michael A. Goldberg (1985) The Chinese Connection: Getting Plugged into Pacific Rim Real Estate, Trade and Capital Markets (University of British Columbia Press: Vancouver);

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  10. and Linda Y. C. Lim and L. A. Peter Gosling (eds) (1983) The Chinese in South East Asia: Vol 1, Ethnicity and Economic Activity (Maruzen Asia: Singapore).

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  11. See Geoffrey Hamilton (ed.) (1986) Red Multinationals or Red Herrings? The Activities of Enterprises from Socialist Countries in the West (Frances Pinter: London).

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  12. Ministry of International Trade and Industry (1987) New Aid Plan (New Asian Industries Development Plan), Tokyo, June.

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© 1989 Peter J. Buckley

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Mirza, H. (1989). The Strategy of Pacific Asian Multinationals. In: The Multinational Enterprise. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11026-1_12

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