East Asian Business in the New World: Helping Old Economies Revitalize discusses how to conduct business in East Asia. The main objective of the book is to help American workers and businesses gain competitive advantages in a global marketplace in which the emerging Asian economies are rapidly becoming major players. The American economy appears to be on decline, especially relative to the rapidly rising economies in places such as China. To revitalize the American economy and those of the 'old world', we must pay close attention to the economies with which America competes.
The objective of this book is two-fold, with an initial focus on the opportunities and challenges of doing business in East Asia that includes tactics that will help readers understand Asian economies and business practices so that they can compete more successfully in the region. Secondly, the book seeks to teach readers how the U.S. can learn from East Asia in revitalizing its own economy. This is what sets the book apart as it analyzes the social institutions in major Asian countries, including the political, economic, and cultural institutions, and then compares them with the institutions in the U.S., identifying the strengths and weaknesses of U.S. institutions and providing strategic and policy recommendations that may help the U.S. economy and American firms compete in the global marketplace.
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1. Introduction: East Asia in the Globalizing World 2. Western Rules Versus Eastern Relations: A Fundamental Framework to Understand East Asia 3. Political and Economic Systems in East Asia 4. The Role of Culture in Economic Development: Does Culture Give East Asia an Edge Over America in Economic Competition? 5. Why Some East Asia Countries Thrive Despite Corruption 6. Information and Investment in East Asia: What We Need to Know When Investing in Relation-Based Societies 7. The Currency Exchange Market in East Asia 8. Business Strategies in East Asia 9. Market Structures in East Asia: Why Selling to Some Countries Are So Difficult? 10. Human Resource Management in East Asia: Should You Speak Out During Company Meetings? 11. Technology and Innovation: Will East Asia Surpass the United States in Innovation? 12. The Transition From Relation-Based to Rule-Based Governance in East Asia 13. Conclusion: What Can We Learn From East Asia?
Department of Management, Old Dominion University, Norfolk, VA 23529, USA