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Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations commonly rest on a myth. They examine key activities of multinational corporations in the United States, Japan, and Europe and explore the relationship between corporate behavior and national institutions and cultures. They demonstrate that the world's leading multinationals continue to be shaped decisively by the policies and values of their home countries and that their core operations are not converging to create a seamless global market. With a wealth of fresh evidence, the authors show that Japanese and German multinationals, in particular, remain only weakly committed to laissez-faire policy orientations and continue to exhibit strong allegiance to national goals in such areas as investment and employment. They also bring to light the consequences of enduring differences in government policies on, for example, industrial cartels, capital markets, and research and development. The authors agree that the world economy is becoming more complex and integrated as overt barriers to trade and investment fall away. But they conclude that the extent of this integration is decisively limited by structural divergence at the level of the firm. The book will be essential reading for those seeking to understand the growing interdependence of still-distinctive industrial societies and the wellsprings of the true global economy.

Competition, International. --- International business enterprises. --- 658.114 --- AA / International- internationaal --- 347.720.1 --- 338.048 --- 338.046.1 --- 382.11 --- 338.50 --- 338.6 --- Forms of enterprise in general. Private businesses --- Aard, definitie, eigenschappen van handelsvennootschappen. Bedrijfspatrimonium. Multinationale bedrijven. --- Fusies van ondernemingen. Industriële concentratie. --- Grote ondernemingen. --- Theorie van het internationale evenwicht. Economische onafhankelijkheid van een natie. Globalisering. Mondialisering. --- Vormen van monopolistische orde (algemeenheden). Economisch malthusianisme. --- Wetenschappelijk onderzoek en ontwikkeling. --- 658.114 Forms of enterprise in general. Private businesses --- Competition, International --- International business enterprises --- Business enterprises, International --- Corporations, International --- Global corporations --- International corporations --- MNEs (International business enterprises) --- Multinational corporations --- Multinational enterprises --- Transnational corporations --- Business enterprises --- Corporations --- Joint ventures --- International competition --- World economics --- International relations --- International trade --- War --- Grote ondernemingen --- Fusies van ondernemingen. Industriële concentratie --- Vormen van monopolistische orde (algemeenheden). Economisch malthusianisme --- Wetenschappelijk onderzoek en ontwikkeling --- Aard, definitie, eigenschappen van handelsvennootschappen. Bedrijfspatrimonium. Multinationale bedrijven --- Theorie van het internationale evenwicht. Economische onafhankelijkheid van een natie. Globalisering. Mondialisering --- Economic aspects --- Internationale ondernemingen. --- Concurrentie. --- Baden-Württemberg. --- Bank of Tokyo. --- Banyu Pharmaceuticals. --- Bayerische Vereinsbank. --- DRAM memory chips. --- Daimler-Benz. --- European Union. --- Federal Reserve System. --- Finanzplatz Deutschland. --- General Ceramics. --- Gerlach, Michael. --- Hitachi. --- Mitsui group. --- New Economic Order. --- Nippon Steel. --- Quandt family. --- Sanwa group. --- accounting standards. --- administrative heritage. --- aerospace industry. --- antitrust policies. --- automotive industry. --- biotechnology industry. --- branch banking. --- capital allocation process. --- capital mobility. --- chemical industry. --- churning corporate shares. --- constructivist theory. --- corporate nationality. --- corporatism. --- cosmocorp. --- deregulation. --- developmental democracy. --- dual-use technology. --- economies of scale. --- electronics industry. --- fascism. --- global corporation. --- globalization. --- growth theory. --- high technology industries. --- hysteresis. --- institutionalism. --- leveraged buyouts. --- liberal democracy. --- marketization. --- nationalization. --- path dependence. --- portfolio investment. --- principal-agent analogy. --- relationship banking.