Crisis and Innovation in Asian Technology by William W. Keller, Richard J. Samuels

By William W. Keller, Richard J. Samuels

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16 Indeed, it has become increasingly clear that Japanese manufacturers are trying to regionalize the technoindustrial regime they helped establish over a number of years in Japan. That is, they are seeking to extend into Asia their own embattled web of strong relational ties. This should not surprise us. ”17 In most cases, they possess a national identity that is shaped by the distinctive norms and institutions embedded in their home country. Japanese MNCs are thus guided by the norms and institutions of cooperation that make up relationalism, and they have found it easier to replicate these norms and institutions in Asia, where they have some salience, than they have in Europe or the Americas.

271 (September 1999): 271–75, and on conversations with the author. 27 More than a decade after it all began, public debt and unemployment were both at record levels with no end in sight. Indonesia sustained perhaps the greatest economic and political disruption. The Indonesian currency, the rupiah, lost nearly one-third of its value within three months following the onset of the crisis. 28 But such assistance did not come without a political price tag. As one contemporary observer put it: “IMF supervision of Indonesian monetary and fiscal policy, and of general compliance with the IMF agreement is very, very strict.

Continue to seek to expand imports from the countries of the region and promote greater investment in and technology transfer to these countries, in line with the maturity of their trade structure and their stage of development. ”21 In the early 1990s it pushed the New Asian Industries Development (New AID) plan, an ambitious scheme to coordinate Japan’s aid, investment, and trade policies toward the region. The plan was designed to stimulate export-oriented manufacturing throughout Asia and to help Japanese firms upgrade their domestic operations by transferring labor-intensive production to new offshore facilities.

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