The rich countries: Australia, New Zealand and Japan

Article Abstract:

Australia, New Zealand and Japan, situated on the boundaries of the Pacific Rim, have revamped their economies to cater to the needs of the British and American markets. The financial institutions in these countries of the Pacific Rim operate through the network of information highways. But despite the economic prosperity, Japan has seen an erosion of the relations between the capitalist and the labor class and Australian companies have diminished their chances of long-term benefits by reducing their employees. The labor class New Zealand is also being exploited. The influence of multinational corporations on these nations is discussed.

Australia, Japan, New Zealand, Big business

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The 'emerging powers': China, Singapore, Hong Kong and Taiwan

Article Abstract:

The Gross Domestic Products of China, Singapore, Hong Kong and Taiwan soared in the second half of 1980 and early 1990. Due to the highly centralized government structure and strong protectionist instincts, these countries have rejected the US demand for mutual cooperation. China has strengthened its economy through exports without opening up its economy for international bidders. The economic futures of Hong Kong, Taiwan and Singapore are singularly dependent on the policy adopted by the People's Republic of China.

Taiwan, China, Foreign investments, Forecasts and trends, Economic policy, Singapore, Asia, Hong Kong, Corporate culture, Social conflict

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Introduction

Article Abstract:

The Pacific Rim is a major investment block for multinational corporations (MNC)across the globe, and these companies are having severe impacts on Pacific Rim cultures. Due to the availability of cheap labour and the booming market these countries have witnessed a steady influx of capital. Of late the MNCs have been aiming for the market share in new and marginal spheres of competition. They are now moving outside the sphere of national boundaries and trade restrictions.

Economic aspects, Business economics, Managerial economics

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