"Since the early 1980s, China has begun gradually integrating with the global system. In doing so the country has moved toward its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of...

"This paper explores various strategic options available to Japanese firms faced with the increasing market pressures in the global economy. Whether Japanese firms are able to retain the competitive edge will depend on the continuing gains in their manufacturing capability, their capacity to...