1. Retaining Traditional Industry in a Globalized World
Parts requiring high skilled labour are based in countries such as the US and Japan, since they both have large pools of skilled labour. ... If the firm wishes to portray high quality it may base its production in Japan or Germany. ... (Mahoney, Trigg, Griffin & Putsay, 1998 pp.656-657) The third category of issues is issues that deal with government-policies. ... Toyota and other Japanese automobile manufacturers have dealt with this in the past, having to locate facilities in the United States in order to overcome the voluntary export restraints imposed by the Japanese Government. ...
Empirical data and statistics provide substantial evidence that exposure to global economy has significantly boosted the economic growth in many developing countries especially in Asian countries like China, India , Japan and Singapore. ... Global integration plays a critical role behind this huge success along with the human talent, knowledge creation, technology, government policies. ...