The Changing Pacific Rim Economy, with Special Reference to Japanese Transnational Corporations: A View from Australia

Edward L. Wheelwright and Greg J. Crough
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Edward L. Wheelwright: University of Sydney
Greg J. Crough: University of Sydney

Chapter 3 in Economic Institutions in a Dynamic Society: Search for a New Frontier, 1989, pp 61-83 from Palgrave Macmillan

Abstract: Abstract There is little doubt that the world economy has been undergoing a fundamental process of structural change in recent decades. This process is having a profound effect on the entire world institutional framework. The realignments of the international economic order resulting from this structural change are forcing governments, corporations, trade unions, and other organisations, as well as, of course, individuals, to come to terms with some of the most far-reaching, and potentially destabilising, forces seen this century. Many writers have warned that the world economy is entering a prolonged period of international economic disorder,1 particularly if the trade relations between some of the major countries continue to deteriorate, and the financial and stock markets continue to experience the instability that they have in the past few years.

Keywords: Foreign Direct Investment; Foreign Investment; Transnational Corporation; Japanese Economy; Current Account Surplus (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-20097-9_3

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DOI: 10.1007/978-1-349-20097-9_3

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