This book investigates the possibility that increased use of subcontracting could improve the international competitiveness of British industry, drawing on lessons from Japan. Based on interviews in Britain and Japan with over 40 companies, it concentrates on subcontracting in mechanical engineering, electronics, and the motor industry. Pressures such as intensified international competition, increased market volatility, and accelerated technical change have forced British firms into reorganization. The increased use of subcontracting involved in this has partly been the result of changes in the fundamental transactions-cost-economics determinants of subcontracting behaviour; but also, underutilized and already-existing subcontracting opportunities have been taken up in order to reduce costs, and this has required a rethinking of companies' methods of supply chain management. Subcontracting in Japan has involved highly efficient supply chain management and appears to have stimulated cooperative innovation.

A major aspect of Japan's international economic success has been its industrial firms' ability to develop a system of subcontracting with suppliers. Through an exploration of the evolution of subcontracting in Japan as well as an analysis of its current practice in advanced economies,Nishiguchi reveals what he believes to be the shortcomings of existing theories of contractual relations. He shows that subcontracting can be described as the evolutionary product of complex historical interaction among social, political, technological, and company-level strategic plans--but not oneconstrained by culture. This makes it possible for other countries to use models similar to those employed in Japan, encouraging continuous improvement in product quality and cost reduction.

This study analyses the shift in the relationship between large and smaller firms from confrontation and conflict, to cooperation and mutual assistance. It charts the pace of the adaption of Japanese style buyer-supplier relations in North American and Western European organizations.

This title was first published in 2002. This compelling text provides fresh insight into an area that is often touched upon, but rarely examined in any great detail - the relationship between Multinational Enterprises (MNEs) and their host governments. Taking Japanese Foreign Direct Investment (FDI) strategy, arguably the model of FDI, Young-Chan Kim takes a revealing look at why the United Kingdom (UK) has dominated among the EU member states for FDI destination, while ironically losing its nationalized car manufacturers. Scholars of business history, international business and business economics will find this work invaluable.

Is computerised production transforming work roles, as recent debates about flexible specialisation and post-Fordist manufacturing suggest? This book focuses on the key case of metalworking batch production in Britain, Italy, Japan and the USA. Looking at technological, political and social developments from a comparative perspective, it suggests that comprehensive factory principles never fully replaced workshop organisation. Drawing on empirical case studies of flexible manufacturing systems, Bryn Jones offers a new distinction between the bureaucratic bias of Taylorism and the product standardisation approach of Fordism, and questions whether computerised production is transcending Fordism. Instead of the often predicted models of deskilled, centrally controlled work, or a decentralised craft renaissance, he shows a greater likelihood of national variations between factory and workshop principles continuing into the contemporary age of computerisation.

Modern institutional economics witnesses a merging of formal and informal strands of theorizing. This development has offered new and vigorous perspectives which avoid both arbitrariness and theoretical sterility. The essays on contract theory gathered here exemplify this development. They propone new results on central issues in contractual theorizing. The theory of the firm in its variegated aspects forms, naturally, the core of the present set of contributions. Issues of ownership, integration, delegation, and finan ce are analyzed. Some contributions use the theoretical approach of contract theory to explore other issues, like medical care, public good problems, the economics of crime, environmental economics, and international trade. The contributors are leading young economists. They have participated in one or se veral classes of the 'International Summer School on the New Institutional Economics' which has been organized by Rudolf Richter in the years 1988 through 1994 and is now continued by Urs Schweizer. The theoretical style of these contributions has been influ enced by this experience. This collection of essays is intended to express the thanks of the contributors to Rudolf Richter. His initiatives for scholarly instruction and for inter national exchange of ideas have helped to create and to diffuse the understanding of and the engagement for the new institutional economics in Europe.