La transizione strategica da attività internazionali a multinazionali: il modello di macro-sviluppo delle banche giapponesi
DOI:
https://doi.org/10.13133/2037-3651/10973Parole chiave:
Japanese banks, cross-boarder investment, global financeAbstract
The macro-developmental approach for explaining cross-border investment has been extended and refined, but the main emphasis in research has been in the manufacturing (real sector) industry. Despite the strategic importance of banking in economic development, there has been no corresponding economic emphasis and respective research. The sudden rise of Japanese banks in the capacity of multinationals in global finance from the 1970s is explored within a macro-developmental, stage-theoretic framework.
JEL Codes: G21
Riferimenti bibliografici
CANTWELL, JOHN and TOLENTINO, PAZ E. (1990), "Technological accumulation and Third World multinationals", Discussion Paper, No. 139, Series B, III, Department of Economics, University of Reading.
CAVES, RICHARD E. and UEKUSA, MASU (1976), "Industrial organization", in Hugh Patrick and Henry Rosovsky, eds., Asia's New Giant: How the Japanese Economy Works, Washington D.C.: Brookings Institution, pp. 459-523.
DUNNING, JOHN H. (1981), "Explaining the international direct investment position of countries: toward a dynamic or developmental approach", Weltwirtschaftliches Archiv, 11, pp. 30-64.
DUNNING, JOHN H. (1988), Explaining International Production, London: Unwin Hyman.
DUNNING, JoHN H. (1991), "The edectic paradigm of international production: a personal perspective", in Christos Pitelis and Roger Sugden, eds., The Nature of the Transnational Firm, London: Routledge, pp. 117-133.
DUNNING, JOHN H. (1992), Multinational Enterprises and the Global Economy, Reading, Mass.: Addison-Wesley.
DUSER, J. THORSTEN (1991), International Strategies of Japanese Banks: The European Perspective, New York: St. Martin's Press.
ECONOMIC PLANNING AGENCY (1990), Nihon to Sekai o kaeru Kaigai Chokusetsu Tochi (Overseas direct investment that transforms Japan and the rest of the World), Tokyo: Government Printing Office.
GERLACH, MICHAEL L. (1992), Alliance Capitalism: The Social Organization of Japanese Business, Berkeley: University of California Press.
GOLDSMITH, RAYMOND (1983), The Financial Development of Japan. 1868-1977, New Haven: Yale University Press.
GRUBEL, HERBERT G. (1978), "Banche multinazionali e teoria economica", in questa Rivista, n. 121 (marzo), pp. 51-66.
HAMADA, KOICHI and HORIUCHI, AKIYOSHI (1987), "The political economy of the financial market", in K. Yamamura and Y. Yasuba, eds., The Political Economy of Japan: Vol. 1. The Domestic Transformation, Stanford: Stanford University Press, pp. 223-260.
HOWE, HOWARD and Picorr, CHARLES (1991-92), "Determinants of long-term interest rates: an empirical study of several industrial countries", Federal Reserve Bank of New York Quarterly Review, vol. 16, No. 4, Winter, pp. 12-28.
JETRO (1991), Kaigai Chokusetsu Toshi (Foreign Direct Investment), Tokyo.
KOGUT, BRUCE (1983), "Foreign direct investment as a sequential process", in Charles P. Kindleberger and David B. Audretsch, eds., The Multinational Corporation in the 1980s, Cambridge, Mass.: MIT Press, pp. 38-56.
KOJIMA, Kivosin (1990), Japanese Direct Investment Abroad, Monograph Series 1, Social Science Research Institute, International Christian University, Tokyo.
KOJIMA, KIYOSHI and OZAWA, TERUTOMO (1984), "Micro- and macro-economic models of direct foreign investment: toward a synthesis", Hitotsubashi Journal of Economics, 25 (June), pp. 1-20.
KOJIMA, KIYOSHI and OZAWA, TERUTOMO (1985), "Toward a theory of industrial restructuring and dynamic comparative advantage", Hitotsubashi Journal of Economics, 26 (December), pp. 135-145.
MCCAULEY, ROBERT N. and ZIMMER, STEVEN A. (1991), "The cost of capital for securities firms in the United States and Japan", Federal Reserve Bank of New York Quarterly Review, vol. 16, No. 3, Autumn, pp. 14-27.
MITI (Ministry of International Trade and Industry), Kaigia Toshi Tokei Soran: Dai Yonkai Kaigai Jigyo Katsudo Kihonchosa (Statistical manual on overseas investment: No. 4 basic survey on overseas business activities), Tokyo.
MIYAZAKI, YOSHIKAZU (1980), "Excessive Competition and the Formation of Keiretsu", in Kazuo Sato, ed., Industry and Business in Japan, White Plains, New York: Sharpe, pp. 53-73.
NAKAMURA, TAKAFUSA (1983), Economic Growth in Prewar Japan, New Haven: Yale University Press.
OZAWA, TERUTOMO (1979), Multinationalism, Japanese Style: The Political Economy of Outward Dependency, Princeton: Princeton University Press.
OZAWA, TERUTOMO (1991), "Japanese multinationals and 1992", in B. Burgenmeier and J.L. Mucchielli, eds., Multinationals and Europe 1992: Strategies for the Future, London: Routledge, pp. 135-154.
OZAWA, TERUTOMO (1992), "Foreign direct investment and economic development", Transnational Corporations, vol. 1, No. 1 (February), pp. 27-54.
PIORE, MICHAEL J. and SABEL, CHARLES F. (1984), The Second Industrial Divide: Possibilities for Prosperity, New York: Basic Books.
ROSE, PETER S. (1991), Japanese Banking and Investment in the United States, Westport, Conn.: Quorum Books.
SMITH, ROY C. and WALTER, INGO (1990), Global Financial Services: Strategies for Building Competitive Strengths in International Commercial and Investment Banking New York: Harper & Row.
SUZUM, YOSHIO, ed. (1987), The Japanese Financial System, Oxford: Clarendon Press.
TAKEDA, MASAHIKO and TURNER, PHILIP (1992), "The Liberalization of Japan's Financial Markets: Some Major Themes", BIS Economic Papers, No. 34, November.
TAMAKI, NORIO (1990), "The Yokohama Specie Bank: a multinational in the Japanese interest 1879-1931", in Geoffrey Jones, ed., Banks as Multinationals, London: Routledge, pp. 191-216.
TOKUNAGA, SHOJIRO, ed. (1992), Japan's Foreign Investment and Asian Economic Interdependence: Production, Trade and Financial Systems, Tokyo: University of Tokyo Press.
TOLENTINO, PAZ ESTRELLA E. (1992), Technological Innovation and Third World Multinational, London: Routledge.
VINER, ARON (1988), Inside Japanese Financial Markets, Homewood, Ill.: Dow Jones-Irwin.
WALLICH, HENRY C. and WALLICH, MABLE I. (1976), "Banking and finance", in Hugh Patrich and Henry Rosovsky, eds., Asia's New Giant: How the Japanese Economy Works, Washington, D.C.: Brookings Institution, pp. 249-315.
WESTON, RAE (1980), Domestic and Multinational Banking: The Effects of Monetary Policy, New York: Columbia University Press.
WILKINS, MIRA (1990), "Japanese Multinationals in the United States: Continuity and Change, 1879-1990", Business History Review, Vol. 64, Winter.
WILKINS, MIRA (1990), "Banks over borders: some evidence from their pre-1914 history", in Geoffrey Jones, ed., Banks as Multinationals, London: Routledge, pp. 217-247.
##submission.downloads##
Pubblicato
Fascicolo
Sezione
Licenza
Ogni materiale pubblicato sul sito e gli articoli pubblicati sulla rivista sono distribuiti con Licenza internazionale Creative Commons Attribuzione - Non commerciale - Non opere derivate 4.0. Copia della licenza è disponibile alla URL http://creativecommons.org/licenses/by-nc-nd/4.0. Gli autori mantengono i diritti sulla loro opera e cedono alla rivista il diritto di prima pubblicazione dell'opera con la licenza suindicata.
