Capitalist Restructuring and the Pacific Rim

Capitalist Restructuring and the Pacific Rim

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This book situates the evolution of capitalist economies along Asia's Pacific Rim after the Second World War within broader global, political and economic changes. Specifically, it charts their growth at the interface of periodic crises and successive waves of restructuring, and links changes in the world economy to shifts in regional dynamics in east and southeast Asia. It suggests that while the expansion of Japanese corporate networks was crucial to the emergence of the region as a low-cost exporter to the world, the reintegration of China into the world market will free the region from its dependence on the US as a market of last resort.Underpinningthe systemwasthe creation of four Sony Engineering, Manufacturing, and Customer Service (EMCS) ... For instance, factories producing television sets in Japanhad their peak productionperiodsinthe spring andautumn ... stood at 2, 170 percent ofits equity, Marubenia#39;s at 1, 100percent, Itochua#39;s at 1, 050 percent, Mitsubishia#39;s at510 percent, Sumitomoa#39;sat 500percent, and Mitsuia#39;s at 460 percent.

Title:Capitalist Restructuring and the Pacific Rim
Author:Ravi Palat
Publisher:Routledge - 2004-07-31


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