By Katsuo Yamazaki, Tetsuo Abo, JuhnWooseok Juhn, J. Wooseok
Explores the Latin American financial system and administration in the course of the research of eastern businesses in international locations reminiscent of Argentina, Brazil, and Mexico. in accordance with distinct case reports, this quantity deals a bird's eye view of overseas investments in Latin the US.
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Additional resources for Hybrid Factories in Latin America: Japanese Management Transferred
As Brazil demonstrates remarkably, Latin American societies that we examine in this chapter generally have large populations. Therefore, relatively large domestic markets partly caused these countries to choose this strategy for longer than in the Asian region. Consequently, the strategy of ISI continued to be chosen until the 1980s in Latin America. As for industrial relations systems, in order to certainly employ relatively scarce skilled workers, MNEs pursued paying higher wages to these skilled workers than to local enterprises, and decreasing their rate of turnover.
284–286). In this way, in Argentina, like the two other countries, protecting workers was one of the pivotal policies, though under the rule of the military from the 1960s to the 1970s, the most brutal oppression of the labor movement was probably executed. As mentioned above, industrial relations systems in Latin America are characterized by their similarity, while they also naturally differ, owing to the concrete differences in each society. 7 Furthermore, as already mentioned, comparing Brazil with Argentina, dfferences can be seen by the extent to which the interests of the working class could be realized through political channels.
However, it can be summarized that in the electric-electronic (consumer electrical appliances) field, Japaneseaffiliated companies have a strong presence. As seen so far, since the period of industrialization in Latin America and especially of the second import-substituting industrialization (heavy chemical industrialization) from around the 1960s, a full-scale inflow of foreign capital has started in this area, and dependence upon it was Industrialization and Transnational Corporations 27 rapidly heightened especially in the automobile and electric-electronic industry.