Starting from almost null in the late 1990s, China's mobile phone handset industry has grown to account for more than 40 percent of the current world production. While export growth has been overwhelmingly led by multi-national corporations (MNCs), increasingly fierce competition in the domestic...

In the recent decade China witnessed an upsurge of privatization of small and medium state-owned enterprises (SOEs). In contrast to the consequent sharp reduction in the number of firms, however, the estimated share of broadly-defined SOEs that includes limited liabilities companies controlled...

What was the foundation of the Japanese industrial organization which supported Japan's postwar economic development? On the one hand, Japan's industrial organization positively contributed to high economic growth, but, on the other hand, it created friction between the market and the...

To begin, we would like to present an overview of the direction being taken by "the Japanese firm's globalization" as we move toward the twenty-first century by noting the background of the past history of multinational firms. During the 1960s, the multinational corporation issue appeared on the...

As Schumpeter said, the fundamental force that drives the engine of capitalism and enables its system to function continuously is composed of new production methods (and new transportation methods), new markets, and new industrial systems created by entrepreneurs.