Word: japanses
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Critics of mergers and takeovers, on the other hand, charge that hostile consolidations disrupt management and force companies to think mainly of short-term profits rather than of how to become more effective competitors in U.S. and foreign markets. Even the short-term run-up in stock value that frequently...
Taiwan, South Korea and Singapore are now mimicking Japan's export-led growth. No longer content to be just peddlers of cheap clothing or cookware these new Japans are moving into heavy industry and consumer electronics Singapore is second to the U.S. in building oil-drilling rigs. South Korea...
Protectionist pressures may intensify because South Korea, Hong Kong, Taiwan and Singapore are becoming new Japans. Their advances have been nurtured by the West's aid, so it would be doubly tragic if the West tried to throttle them with tariffs and quotas. If protectionism bursts out, Whitman warns...
Needed: More Japans
Morita also proposes international harmonization of product standards, safety regulations, antipollution laws and food standards in order to equalize costs and guard against the possibility that differing national rules will be used to keep out foreign goods. Beyond that, he has begun to believe that the world's industrial leaders...