International Industry and Business
Structural Change, Industrial Policy and Industry Strategies
In a balanced and readable account, this book explains how international, domestic, economic and political factors interrelated to shape the world of modern industry in the thirty years before it was originally published in 1987. It conveys some of the richness and diversity in the political and economic landscape of modern industries and provides a real-world background for the theory of economics and business. Drawing on the work of business analysts and industry specialists, as well as of economists and political scientists, it treats the subject in terms of applied economics in an empirical and practical perspective. After tracing the post-war development of manufacturing up to the mid-1980s, the same approach is applied to specific industries: steel, automobiles, consumer electronics, semiconductors, computers, automated machinery and textiles. Two themes are stressed throughout: industrial growth and development have become truly international, if not global; and most manufacturing takes place under oligopolistic conditions in a world of state intervention and pressure-group activities.
Table of Contents
Preface 1. The Internationalization of Industry 2. The Development of Manufacturing - A Global Setting 3. Sectoral Patterns of Structural Change 4. Structural Change Within the Manufacturing Sector 5. International Differences in Competitive Ability 6. Factor Intensities and Technological Change 7. Industrial Processing of Natural Resources 8. Post-War Trends in Manufactured Exports 9. Defensive Strategies in International Markets 10. Competitive Strategies in International Industries 11. Collaborative Strategies in International Markets. Statistical Appendix