Business Networks in Asia: Promises, Doubts, and Perspectives

Business Networks in Asia: Promises, Doubts, and Perspectives

Business Networks in Asia: Promises, Doubts, and Perspectives

Business Networks in Asia: Promises, Doubts, and Perspectives

Synopsis

Despite the current crisis, Asian economies remain an important market for firms around the world and continue to be stiff competitors in world business. One reason for the region's strength, and a predictor of Asia's endurance, is its business networks--keiretsus in Japan, chaebols in Korea, and other forms that connect single firms, entire industries, and which interlink the region as a whole. Richter and his contributors examine the origins of business networks, their effects on the economies, and the implications of their presence and growth in Asian economies. Corporate strategic planners, marketing executives, and other decision makers will find here an important contribution to their understanding of why Asia's economies will pick up again and how they will continue to grow.

Excerpt

Asian economies grow faster than many of the most industrialized countries in the world, although there recently have been some major setbacks due to the Asian economic crises. One of the fundamentals for growth was the intelligent use of business networks such as keiretsus in Japan, chaebols in Korea, Overseas Chinese and Indian networks in Southeast Asia, and other forms of networks which interlink single firms, entire industries, and the region as a whole. Recent developments show that Asian firms actively pursue new strategies to shape up their networks. It is the goal of this book to grasp these new networks empirically and theoretically.

This book examines the promise of business networks, stressing the role of transaction costs, interdependence, and membership commitment. The common types of business networks in the region are analyzed by doubting the grounds of former success. Perspectives of new and innovative forms of business networks are outlined, which may present an even better platform for further economic development in Asia and the globalization of Asian multinationals.

The contributors offer a critical approach to the theory and practice of Asian business networks, concentrating more thoroughly on the dynamics of Asian organizations than on former mainstream network studies. The diversity of the contributors' backgrounds guarantees a variety of viewpoints focused on the new type of business networks. The research presented inspires further academic discourse and managerial policy in the face of evolving Asian reality. This book supplies expert knowledge and support for business practitioners, policy analysts, scholars, and students.

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