 The Changing Russian EconomyEiko Tomiyama Chapter 8 in The Changing Nature of Doing Business in Transition Economies, 2011, pp 123-147 from Palgrave Macmillan Abstract: Abstract A great number of transition economies around the world are interesting from the perspective of future trade opportunities. Japan is highly dependent on international trade due to its limited resources. This has led to a high level of concentration of multinational companies in relation to the size of the country. Exporting to emerging markets is common practice for a number of Japanese manufacturers. An emerging market is defined as a market that satisfies the following conditions: a rapid pace of economic development, implementation of government policies favoring economic liberalization and adoption of a free-market system (Arnold and Quelch, 1998). The principal impediments in emerging markets appear to be environmental uncertainties and the lack of strong legal frameworks, which have given rise to a significant increase in opportunism and rent-shifting. Emerging markets include transition economies such as Russia and the newly democratized post-communist nations such as China as well as many developing countries (Johansson, 2000). Keywords: Foreign Direct Investment; International Business Study; Trading Company; Integrative Social Contract Theory; Russian Market (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-33701-5_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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