The Internationalization of Ethnic Chinese Business Firms from Southeast Asia: Strategies, Processes and Competitive Advantage*

نویسنده

  • HENRY WAI-CHUNG YEUNG
چکیده

The globalization of economic activities is a relatively recent phenomenon. Since the 1960s, the global economy has become increasingly interdependent and functionally integrated through cross-border flows of capital, goods and people. The role of transnational corporations (TNCs) in these cross-border activities is particularly important. The outward foreign direct investment (FDI) stock of TNCs grew from a meagre US$129 billion in 1970 to US$1,146 billion in 1988 (UNCTAD, 1994: Table I.8). By the end of 1995, there were some 39,000 TNCs in the world, which controlled more than 270,000 foreign affiliates. They had a combined outward FDI stock of more than US$2.7 trillion (UNCTAD, 1996). The outcomes of this accelerated process of globalization are manifested in the increasing global interdependence of national economies and Triadization. In the former case, the economic fortunes of countries are intertwined with the global shift of economic activities (Dicken, 1998). In the latter, three distinct regions have emerged as the leading centres of the global economy — North America, western Europe and Asia (Ohmae, 1985; 1995). In recent decades, Chinese business in Southeast Asia has similarly undergone significant transformations. From petty traders and emigrant workers in the early half of the twentieth century, the ‘Overseas Chinese’ and their business firms have emerged as

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Managing in ethnic Chinese communities: Culture, institutions, and context

In this Special Issue of the Asia Pacific Journal of Management on Managing in Ethnic Chinese Communities, we seek to shed light on the complex and dynamic relationships existing in many ethnic Chinese businesses around the world. This is an exciting time to study ethnic Chinese business. Ethnic Chinese business used to mean Overseas Chinese firms, that is, enterprises run by Chinese business p...

متن کامل

Evaluating the Growth and Evolution of Facility Management in Innovating Integrating and Aligning Business Strategies to Achieve a Competitive Advantage

The South African Facilities Management (FM) industry has seen increased operational strategy complexity from single-site contractors providing basic janitorial services to highly integrated and bundled FM service providers.  Despite these major changes, very little research has been conducted on evaluating the effectiveness of FM in innovating, integrating and aligning business strategies to a...

متن کامل

Absorptive Capability and Competitive Advantage: Some Insights from Indian Pharmaceutical Industry

Every firm learns through firm specific methods. This learning process is operationalized by firm’s knowledge management practices. Therefore, knowledge to result in successful learning should be assisted by a combinative framework which can enhance a firms’ absorptive capability. This in turn will play a decisive role for achieving competitive advantage. Current literature in strategic managem...

متن کامل

Inter-Partner Interactions and Knowledge Transfer Mechanisms in the Chinese Automotive Industry: A Qualitative Research Based on Dual Managerial Perceptions

The purpose of this study is to extend the existing knowledge of inter-firm knowledge transfer research and provide a deeper understanding of knowledge transfer practice in an alliance context, as well as the reasons for such a practice. This study reports on relevant results derived from semi-structured interviews with 16 top managers in a Chinese international joint venture (IJV) formed by tw...

متن کامل

Business group attributes and internationalization strategy in China

Business groups play a critical role in the internationalization of Chinese firms, but empirical efforts on this topic are limited. This study aims to fill this gap by examining the impacts of group-specific attributes on the pursuit of different internationalization strategies. Our findings from 219 Chinese business group affiliates show that horizontal linkages among group affiliates are more...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 1999