Rising Asia and American Hegemony (eBook)

Preface 5
Contents 9
About the Authors 14
Liberal International Order, Global Trade and Industry Competitiveness 16
1 Rising Asia and American Hegemony 18
1.1 Introduction 18
1.2 Historical Process of Establishing International Order 19
1.3 International Order and Destiny of Nations 21
1.4 Competing Visions of International Order 22
1.5 US-Led International Order 25
1.6 Nationalism and International Order 26
1.7 Cost of Power Transition 27
1.8 Power Shift to Asia 28
1.9 American Hegemony 29
1.10 Testing Grounds of Evolving International Order 31
References 31
2 Liberal International Order and Global Trade Growth 33
2.1 Introduction 33
2.2 Liberal International Order and Trade Sector 34
2.3 Liberal International Order and Flows of Capital and Innovative Technologies 36
2.4 Role of Trade Sector 38
2.5 Trade Sector and Economic Growth 38
2.6 International Institutions for Trade Sector Growth 44
2.7 Top Ten Nations with Trade Sector Performance 45
2.8 US Trade Deficits: Source of Tensions 47
2.9 Global Trade and Global Firms 50
References 50
3 Rising Asia: Case of Japan, South Korea, China and India 52
3.1 Introduction 52
3.2 An Overview of Four Countries 53
3.3 Impact of Demography on Growth Prospects 58
3.4 Asia’s Rise and International Order 59
3.5 Focus on the Rise of China 61
3.6 Dynamic Complexity of Rising Asia 64
References 69
4 Growing Rivalry: China’s Rise and American Hegemony 72
4.1 Introduction 72
4.2 Evolving Patterns of American Hegemony 74
4.3 Growing Rivalry Between the US and China 76
4.4 China’s Responses to Evolving Liberal International Order 79
4.5 China’s Progress Challenges 81
4.6 America’s Shifting Priorities Toward Asia 82
4.7 Design Efforts of China-Led International Order 83
4.8 Five Factors of Hegemony 85
4.9 Unpredictability of Trump Administration 90
References 94
ToP and BoP Interface Capabilities (TBIC): Cases for Competitiveness 97
5 Evolution of Business Models 99
5.1 Introduction 99
5.2 Productivity Era 101
5.3 Quality Era 102
5.4 Value Chain Era 104
5.5 Sustainability Era 106
5.6 TOP and BOP Interfaces 107
References 110
6 Network Capabilities: National Innovation Ecosystem 112
6.1 Network Capabilities 113
6.2 Global Fortune 500 Firms and Forbes 2000 Firms 114
6.3 National Innovation Ecosystem Output 116
6.4 Extension of Customer-Technology-Linkage Competence Model (CTL Competence Model) 118
6.5 One World: Two Domain Dividing Firewalls 121
6.6 Implementing 5G Infrastructure for Innovations and Wealth Creation 122
6.7 Free Market Capitalism Versus Authoritarian Capitalism 122
References 123
7 Chinese Global Firms: Challenges and Opportunities 125
7.1 Strategic Process of Rapid Catch-up and Global Competitiveness 125
7.2 Rise of Chinese Global Firms 129
7.3 Rise of Huawei: Opportunities for Global Market Leadership 132
7.4 Challenges of Huawei 134
References 135
8 The Self-contained Localization Strategy: Case studies of Japanese firms 137
8.1 Introduction 137
8.2 Localization Strategy and Organizational Capability 139
8.3 Case Analyses 141
8.3.1 Case Firms and Scope of Interviews 141
8.3.2 Analysis Results 143
8.4 Emerging Market Strategy of Japanese Global Firms and their Prospects 144
References 145
9 Changing Industry Competitiveness: Case of Asian Automotive Firms 148
9.1 Introduction 148
9.2 Emerging Structure of Global Automotive Markets 149
9.2.1 Market Structure: Growing Middle Class 149
9.2.2 Urbanization and Transportation Structure: Infrastructure Development 151
9.3 Conduct of Global Automotive Firms 152
9.4 Global Market Positioning 153
9.5 Performance of Global Automotive Firms 153
9.6 Chinese Market Performance 156
9.7 Conclusion 158
References 158
10 The United States-Mexico-Canada Agreement (USMCA) and Japanese Firms 161
10.1 Nippon Motor Company After NAFTA’s Re-negotiation 161
10.2 The Impact of NAFTA’s New Agreement, the USMCA, on Automobile Companies 163
10.3 USMCA in Manufacturing 163
10.3.1 Rules of Origin and Origin Procedures 164
10.3.2 Goods Market Access 164
10.3.3 Textiles 165
10.3.4 The Impact of the USMCA on Companies with Manufacturing Plants in Mexico 165
10.4 Trends of Japanese Automobile Companies in Mexico 167
10.5 Nissan Cars in Mexico 168
10.6 Mexico Mazda 168
10.7 Mexico Honda 169
10.8 Conclusion 170
References 171
ToP and BoP Interface Capabilities (TBIC): Network Interactions 172
11 BREXIT: Case of Japanese Firms 174
11.1 Brexit: Causes and Development 174
11.2 Brexit’s Shock 175
11.3 Brexit Impact on Japanese Automobile Companies 176
11.3.1 The Impact of Brexit on Nissan and Honda Cars 177
11.3.2 Brexit and Japanese Companies’ Response Strategies 178
11.4 Influence of Brexit on Japanese Railway Companies 179
11.5 Prospect of Brexit 180
11.6 Conclusion 181
References 181
12 Free Trade Agreements (FTAs) and Korean Firms 183
12.1 Introduction 183
12.2 Previous Studies About Free Trade Agreement (FTA) Policy of South Korea 184
12.3 FTA Policy and Global Supply Chain Network 185
12.4 Research Model 186
12.5 South Korean FTA and GSC Management 187
12.5.1 The Trends of FTA 187
12.5.2 Trade Structure of South Korea 187
12.5.3 South Korean FTA Policy 190
12.6 GSC Management and Korean Firms 195
12.7 Conclusion 196
References 198
13 Competitiveness of Korean Small and Medium Enterprise (SMEs) in ASEAN Region 200
13.1 Introduction 200
13.2 Roles of SMEs in ASEAN Market 201
13.3 Southeast Asian Market Contexts 201
13.4 Research Model 203
13.5 Case of Korean SMEs: An Overview 206
13.5.1 Simone 209
13.5.2 EO Technics 210
13.6 Implications and Future Research Issues 212
References 213
14 Supply Chain Integration in China: Case Study 216
14.1 Introduction 216
14.2 Literature Review 218
14.3 Research Model 221
14.4 Case Study 224
14.5 Discussion and Conclusion 227
References 230
15 TBIC (ToP and BoP Interfaces Capabilities): Case for SMEs 232
15.1 Roles of Business for ToP and BoP Interfaces 232
15.2 Startup Background of Ace Technology: Technology Merchant Exploring the World 234
15.3 Growth and Success Factors 235
15.4 Source of Competitiveness and Core Competencies 236
15.5 Recent Strategic Task 240
15.6 Conclusion 243
References 243
16 Beyond Rising Asia and American Hegemony: Prospect 246
16.1 Beyond Rising Asia and American Hegemony: International Order Issues 247
16.1.1 Evolving International Order: Security, Rivalry and Hegemony 247
16.1.2 New Type of Capitalism: Autocratic Practices 248
16.1.3 Africa: New Value Frontiers 249
16.1.4 Interactions of the ToP and Bop Interface Capabilities (TBIC) in the Digital Age 249
16.2 Global Supply Chain and Business Model Issues 250
16.2.1 Changing Landscape of Global Firms 250
16.2.2 Disruptive Technologies and Changing Business Model 251
16.2.3 Restructuring Global Supply Chains 252
16.2.4 Challenges of ToP and Bop Interface Capabilities (TBIC) 252
16.2.5 Measurement Issues of Global Supply Chain Interfaces 253
16.2.6 Challenges of Market Leadership of Firms in ToP and BoP 254
References 256