Inter-area/Border Crossing

Organized Panel Session

(45) The Political Economy of Multinational Firms in Contemporary East Asia: Case Studies from the Pharmaceutical, Automobile, and Telecommunications Sectors

3/23/2018
10:30 AM - 12:30 PM
Location: Jefferson, Mezzanine Level

This panel focuses on East Asian investment strategies, and considers barriers to foreign capital movement and strategies for overcoming them. The presentations examine the role of both corporations and governments in efforts to produce optimum outcomes at both the national and firm levels. Kristi Govella sets the stage by assessing the political strategies multinational companies used to liberalize the Japanese pharmaceuticals market. Her paper analyzes the ways foreign firms forged alliances with Japanese corporations to reform relevant national laws and regulations. The result was expedited drug approval, and lower drug prices. Seung-Youn Oh’s paper chronicles the ways automobile companies from Japan, Korea, and the US interacted with Chinese sub-national governments and state-owned enterprises. Her case studies analyze the ways international trade rules, national industrial policies, and the varying nationalities of the foreign investors affected the progress of Sino-foreign joint ventures. Eric Harwit’s presentation continues the focus on China’s political economy by exploring the mobile app WeChat’s expansion to users outside the PRC. The success or failure of the endeavor will have important implications for facilitating communications between Chinese citizens and the global community. Finally, Kristin Vekasi’s paper ties together several panel themes. It builds on Govella’s paper by assessing the ways Japanese investment strategies shift in varying political and economic environments. Her focus on the automobile and electronics sectors complements Oh’s and Harwit’s presentations. Her findings serve as a template to measure future cross border economic interactions. The omission of a discussant will facilitate longer and deeper post-presentation audience participation.

Presentations:

Send Email for Eric Harwit

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Send Email for Kristin Vekasi


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