Abstract
Business operations have generally become more internationalized in recent decades. There has also been a widening of the national origin of so-called multinational enterprises, which own and control productive assets in more than one country. Such firms used to emanate almost entirely from Western Europe and North America. The dominance of westerners is now being challenged particularly by the rise of Japanese multinationals, which rapidly expand their activities in all major markets. Their efforts are not reciprocated by western firms, and the Japanese home market remains relatively untouched by foreign-based corporations. In fact, the Japanese are becoming dominant in East Asia as a whole, which is the fastest growing region in the world.
Financial support from the Swedish Research Council for the Humanities and Social Sciences is gratefully acknowledged.
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Andersson, T. (1993). The Role of Japanese Foreign Direct Investment. In: Oxelheim, L. (eds) The Global Race for Foreign Direct Investment. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78309-8_9
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