Abstract
Japanese industrial keiretsu (groups of firms with a strong interdependence in terms of turnover) which contributed to the Japanese economic performance over the past decades, have been facing internal as well as external constraints since the 1980s. The rise of the yen after 1985, the liberalization of Asian markets and the high growth pace in this region have all provoked an increase of foreign direct investment and a relocation of firms. This in turn has affected the volume of orders to suppliers in Japan, leading them to take measures to adapt to the new situation of globalized purchasing networks. An international division of labour in Asia is taking place, away from the former concentration on national structures, resulting in a structural evolution of the Japanese purchasing system and therefore the keiretsu.Based on these present changes, the constitution of Nippo-Asian keiretsu is proposed as a possible scenario for the future.
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Lecler, Y. (1999). Recession and Globalization: What Future for Japanese Industrial Keiretsu? . In: Dirks, D., Huchet, JF., Ribault, T. (eds) Japanese Management in the Low Growth Era. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58257-8_13
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DOI: https://doi.org/10.1007/978-3-642-58257-8_13
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