Transforming Asian Economy and Business Administration

Are there any countries now days that do not use products and parts made in Asia? In this sense Asia is a production base that supports the world economy. The entry of multinational corporations into Asian countries has been carried out from early on. But, it was the collapse of the socialist planned economy that clinched the expansion of MNEs into Asia. The collapse of the socialist planned economy was accompanied by the introduction of the market economy in the countries with the socialist planned economy. The ideology of neo-liberalism, with emphasis on the market economy, became the principle for the reconstruction of these countries.

Against the backdrop of this global standard, the activities of MNEs in Asian countries have advanced. Accompanying this, the construction of an economic structure based on the MNEs has progressed there. This is the emergence of so-called Asian capitalism. However, the spread of COVID-19 and its countermeasures appear to be transforming this global order. As is well known, the spread of COVID-19 and its countermeasures are suppressing international human exchanges and logistics advanced by globalization and promoting the restructuring of local economies. In this context, the way of business activities in Asian countries probably defines the future world order.Based on this awareness of the issues, this book deals with various problems of the economy and business management, especially human resources, in Asian countries.