Terutomo Ozawa's Books

The Evolution of the World Economy

The ‘Flying-Geese’ Theory of Multinational Corporations and Structural Transformation

By: Terutomo Ozawa

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The Evolution of the World Economy

The ‘Flying-Geese’ Theory of Multinational Corporations and Structural Transformation

By: Terutomo Ozawa

The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the ‘flying-geese’ theory explains how capitalism has changed industrial structures across the world. It asks whether the ‘flying-geese’ formation will survive the changes that have produced the East Asian miracle, and – as hoped – spread to Africa. Terutomo Ozawa’s reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful ‘flying-geese’ formation and structural transformation. The book argues that the ‘ladder’ of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana – moving from ‘kicking away the ladder’ from emerging economies to then providing it – demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs. This enlightening, accessible and timely conclusion to Ozawa’s trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.

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Page Count

225

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1781003319

ISBN 13

9781781003312

Multinationalism, Japanese Style

The Political Economy of Outward Dependency

By: Terutomo Ozawa

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Multinationalism, Japanese Style

The Political Economy of Outward Dependency

By: Terutomo Ozawa

Analyzing the motivating forces behind the trend toward Japanese direct overseas production, this work examines the appreciation of the yen, rising labor and energy costs, environmental decay, shortages of industrial sites, and critical dependence on overseas resources as factors in prompting Japanese firms to transfer production facilities abroad. Originally published in 1979. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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Page Count

315

Publisher

Princeton University Press

Published Date

ISBN 10

1400856345

ISBN 13

9781400856343

Globalization of Small Economies as a Strategic Behavior in International Business

By: Sergio A. Castello,Terutomo Ozawa

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Globalization of Small Economies as a Strategic Behavior in International Business

By: Sergio A. Castello,Terutomo Ozawa

This book postulates the proposition that small economies exhibit a higher degree of outward orientation and structural adaptability, compared to their larger counterparts within the context of the European Union and two case studies (i.e. Catalonia and New Zealand). The number of nations has doubled in the last half of the century to around 200 independent economic units. Moreover, the break-up of the former Soviet bloc into a large number of small independent nations in Central and Eastern Europe, and the continued threat of separatist groups (i.e. Canada, Spain, and Sri Lanka) have sparked economists' interest to focus on the size of nations once again. This book offers a more comprehensive measurement of smallness than the conventional one for the analysis of the globalization strategies and flexibility of countries to overcome smallness. Small independent economic units, when economically successful, tend to be more export focused in manufacturing, likely to specialize in differentiated manufactures, more actively involved with direct overseas businesses, more sensitive in strategically managing exchange rates, likely to be in a better position to achieve price stability, more actively involved in international trade through varying degrees of economic integration, likely to have a higher degree of flexibility, more actively involved to forge a complementary government-firm relationship, and likely to have a higher degree of corporatism.

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Page Count

170

Publisher

Routledge

Published Date

ISBN 10

1136782478

ISBN 13

9781136782473

Institutions, Industrial Upgrading, and Economic Performance in Japan

The Flying-geese Paradigm of Catch-up Growth

By: Terutomo Ozawa

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Institutions, Industrial Upgrading, and Economic Performance in Japan

The Flying-geese Paradigm of Catch-up Growth

By: Terutomo Ozawa

. . . the book reviewed here will trigger a further interest in this area of research, and will invite more researchers to seek empirical evidence in the study of post-war industrial growth in Japan. Hiroshi Ohashi, Journal of the Japanese and International Economies This book provides a theoretically informed and empirically illustrative account of modern Japanese industrialization. Ozawa s translation of classical political economy to the Japanese context is both original and accessible and is a welcome addition to the literature on the Japanese variety of capitalism. Tim Reiffenstein, Pacific Affairs Ozawa succeeds in extending, building up, and joining the Akamatsu Kojima lineage of this unique Japan-born theory of economic development from a fresh, unconventional, and discerning perspective. From the foreword by Kiyoshi Kojima Terutomo Ozawa examines Japan s once celebrated post-war economic success from a new perspective. He applies a flying geese model of industrial upgrading in a country that is still catching-up, to explore the rise, fall and rebound of Japanese industry with its evolving institutions and policies. The book brings together and expands upon theories developed in the author's work over many years, using them as building blocks for his flying geese model. Concepts explored include: economics of hierarchical concatenation, increasing factor incongruity, comparative advantage (or market) recycling the Ricardo Hicksian trap of industrial production, Smithian growth elan, triumvirate pro-trade structural transformation knowledge creation versus knowledge diversion, the price-knowledge/industry-flow mechanism a la David Hume the syndrome of institutional incongruity, and socially justifiable moral hazard versus degenerative moral hazard. The dynamic process of industrial upgrading is analysed in detail, and important lessons for both developing and transition economies are highlighted. This fascinating book will attract a wide-ranging readership, encompassing practitioners and academics interested in international business, economic development, trade, and political science. In addition, sociologists focussing on business and industry, and researchers on, and policymakers in, developing and transition economies will also find this book of immense interest.

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Page Count

252

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1845425677

ISBN 13

9781845425678

Institutions, Industrial Upgrading, and Economic Performance in Japan

The Flying-geese Paradigm of Catch-up Growth

By: Terutomo Ozawa

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Institutions, Industrial Upgrading, and Economic Performance in Japan

The Flying-geese Paradigm of Catch-up Growth

By: Terutomo Ozawa

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Page Count

252

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1845425677

ISBN 13

9781845425678

The Evolution of the World Economy

The ‘Flying-Geese’ Theory of Multinational Corporations and Structural Transformation

By: Terutomo Ozawa

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The Evolution of the World Economy

The ‘Flying-Geese’ Theory of Multinational Corporations and Structural Transformation

By: Terutomo Ozawa

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Solve jigsaw puzzle

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Page Count

225

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1781003319

ISBN 13

9781781003312

Multinationalism, Japanese Style

The Political Economy of Outward Dependency

By: Terutomo Ozawa

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Multinationalism, Japanese Style

The Political Economy of Outward Dependency

By: Terutomo Ozawa

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Solve jigsaw puzzle

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Page Count

315

Publisher

Princeton University Press

Published Date

ISBN 10

1400856345

ISBN 13

9781400856343

Book's by Terutomo Ozawa

The Evolution of the World Economy

The Evolution of the World Economy

Multinationalism, Japanese Style

Multinationalism, Japanese Style

Globalization of Small Economies as a Strategic Behavior in International Business

Globalization of Small Economies as a Strategic Behavior in International Business

Institutions, Industrial Upgrading, and Economic Performance in Japan

Institutions, Industrial Upgrading, and Economic Performance in Japan

Institutions, Industrial Upgrading, and Economic Performance in Japan

Institutions, Industrial Upgrading, and Economic Performance in Japan

The Evolution of the World Economy

The Evolution of the World Economy

Multinationalism, Japanese Style

Multinationalism, Japanese Style

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