Currently Skimming:
Overview of the Project
Overview of the Project
Pages 3-8
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From page 3... ...
BACKGROUND AND REVIEW OF THE STUDY PROCESS The joint statement from the 1991 Academ~es-ISPS meeting envisioned that the MNC loins Task Force would develop "examples of best practice for constructive participation by MNCs in the host country-including relations with universities, national laboratories, and small hightechnology firms..." The context is one in which MNCs are playing an expanding role in innovation, technology development, and other aspects of economic activity throughout the world. While the imperatives of global competition are driving MNC strategies to access, develop, and apply technology effectively on a global basis, companies take different approaches toward manufacturing.
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From page 4... ...
working group meets December 1993 U.S. and Japanese co-cha~rman meet May 1994 Joint Task Force meets November 1994 Co-cha~rmen report at Academies-JSPS meeting October 1995 Working groups complete reports May 1998 Publication of final project report and technology development activities, the United States and Japan have a particular interest in examining the rights and responsibilities and success factors of MNCs in an age of growing technological interdependence.
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From page 5... ...
group agrees that effective management of effective management management is a necessary condition of success Correlation between business Contributions to host countries generally necessary for long-term success and contributions to host success countries ~ Trend toward interdependent MNCs are driving this trend; U.S.-Japan relationships increasingly firms and economics ~ will be affected by developments in Asia Areas of Disagreement Japanese Working Group U.S. Working Group Role of the policy environment | Well-managed firms are | Host government treatment can generally able to overcome affect success and failure; helps barriers in determining whether firms l | invest at all Necessity for convergence in | Countries must change as they Developed countries must move business systems and economic develop, but cultural differences toward convergence now to regulation should be respected; forcing ensure world economic stability; convergence is misguided convergence should be a long term goal, even for developing l | countries s
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From page 6... ...
In order for MNCs to succeed as "insiders" in the host country over the long term, it will likely be necessary for them to behave as good corporate citizens. As research, technology development, and other innovation-related activities of MNCs are increasing, particularly in the United States and Japan, contributions to host countries in these areas can be expected to be more closely evaluated and recognized.
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From page 7... ...
Disagreement Over Whether Convergence in Business Systems and Economic Regulation is Desirable or Necessary Closely related to the different perspectives of the U.S. and Japanese groups toward the policy environment for international business are differences over what actions are necessary for the United States, Japan, and other countries to ensure mutually beneficial MNC interactions in the future.
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From page 8... ...
NOTES AND REFERENCES ~ In addition, two other task forces were organized to explore the issue of technological interdependence in the areas of corporate innovation strategies and engineering education. The results of these task force activities will appear in separate reports.
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