Postwar Japanese Cotton Textile Investment in Brazil, 1955–1980

2005 ◽  
Vol 6 (1) ◽  
pp. 76-97
Author(s):  
Henri Delanghe
Keyword(s):  
Foreign Direct Investment ◽  
Textile Industry ◽  
Direct Investment ◽  
Multinational Firms ◽  
Cotton Textile ◽  
Process Technology ◽  
Japanese Firms ◽  
Cotton Textiles ◽  
Intimate Knowledge ◽  
Second Wave

The literature suggests that cotton textiles should be unattractive for foreign direct investment (FDI). The product is largely undifferentiated; sellers need an intimate knowledge of local markets; and textiles use process technology, which multinational firms cannot monopolize. Indeed, since the 1970s, cotton textiles has been one of the few industries in Brazil in which local capital dominates, joint ventures prevail, and American firms are almost completely absent. Yet, between 1955 and the mid-1970s, Brazil saw significant foreign direct investment in textiles from Japanese firms. There were two successive waves of Japanese investment in the Brazilian cotton textile industry. The first ran from the mid-1950s to the early 1960s. The second took place from the late 1960s to the mid-1970s. Four Japanese textile firms participated in the first wave—Kanebo, Toyobo, Tsuzuki, and Unitika. Four more—Daiwa, Kurabo, Nisshinbo, and Omi—participated in the second wave.

Exploring the Social Impact of Foreign Direct Investment on Institutional Change

2016 ◽  
pp. 198-214
Author(s):  
Natalya Smith ◽  
Ekaterina Thomas
Keyword(s):  
Foreign Direct Investment ◽  
Institutional Change ◽  
Direct Investment ◽  
Multinational Firms ◽  
Social Impact ◽  
Positive Impact ◽  
Social Significance ◽  
The Social ◽  
Negative Effect ◽  
Positive Direct

Despite the vast and growing literature on the economic impact of foreign direct investment (FDI), its social significance is somewhat a neglected issue. Focusing on Russia, this chapter examines the effect of FDI and (formal) institutions (proxied, alternatively, by the [1] accumulated stock of small and medium sized firms or SMEs and [2] number of economic crimes per 100,000 population or corruption) on (informal) institutional change (proxied by the change in the number of violent and property crimes per 100,000 population). The empirical findings provide robust support for a significantly positive direct impact of SMEs, whilst observing a significantly negative effect of corruption and either significantly positive impact of FDI or insignificant effect of multinational firms in this context.

Regime Type and Foreign Direct Investment: A Transaction Cost Economics Approach to the Debate

2017 ◽  
Author(s):  
Austin P. Johnson ◽  
Quan Li
Keyword(s):  
Foreign Direct Investment ◽  
Multinational Corporations ◽  
Direct Investment ◽  
Multinational Firms ◽  
Joint Venture ◽  
Transaction Cost Economics ◽  
International Political Economy ◽  
Regime Type ◽  
Ownership Type ◽  
Multiple Dimensions

A debate exists in international political economy on the relationship between regime type and foreign direct investment (FDI). The central point of contention focuses on whether multinational firms generally prefer to pursue business ventures in more democratic or autocratic countries. A considerable amount of theory has been developed on this topic; however, the arguments in previous studies lack consistency, and researchers have produced mixed empirical findings. A fundamental weakness in this literature is that while FDI has largely been treated conceptually as a homogeneous aggregate, in reality, it features divergent characteristics on multiple dimensions. Three possible dimensions that FDI can be decomposed on are: greenfield vs. brownfield, ownership type (wholly owned vs. joint venture), and horizontal vs. vertical. The most relevant dimensions to the problem at hand are: greenfield vs. brownfield, and horizontal vs. vertical. Five propositions, based on the notion of asset specificity, other investment attributes, and host nation domestic factors, are derived to predict how regime type might affect four types of FDI: vertical-greenfield; vertical-brownfield; horizontal-greenfield; and horizontal-brownfield. Depending on the type of FDI, multinational corporations may have no regime preference, an autocratic preference, or a democratic preference. This research contributes to empirical international relations theory by providing a useful example on how to resolve a scholarly debate, theoretically, and by laying out testable propositions for future empirical research.

scholarly journals Fluid Flow in Cotton Textile: Effects of Wollastonite Nanosuspension and Aspergillus Niger Fungus

Processes ◽  
2019 ◽  
Vol 7 (12) ◽  
pp. 901 ◽  
Author(s):  
Ayoub Esmailpour ◽  
Hamid R. Taghiyari ◽  
Reza Majidi Najafabadi ◽  
Amin Kalantari ◽  
Antonios N. Papadopoulos
Keyword(s):  
Fluid Flow ◽  
Aspergillus Niger ◽  
Textile Industry ◽  
Food Industry ◽  
Cotton Fibers ◽  
Cotton Textile ◽  
Potential Threat ◽  
Works Of Art ◽  
Cotton Textiles ◽  
Fungus Mycelium

Aspergillus niger is a common contaminant in food industry, laboratories, and also a potential threat to biological works of art in museums. Cotton textiles have frequently been used in museums for canvas paintings. In the present project, the effect of Aspergillus niger on fluid flow rate of nanowollastonite-impregnated cotton textile specimens was investigated. Cotton specimens were impregnated with nanowollastonite (NW) suspension at four concentrations of 10%, 20%, 30%, and 40% to be further compared with control specimens. Results showed that fluid flow in cotton textile was as high as 361.3 cm3·s−1 due to its high porous structure and very low compactness of fibers (low density). Impregnation with NW did not have a significant effect on fluid flow in cotton textile. Exposure to Aspergillus niger increased fluid flow in control specimens as a result of deterioration of cotton fibers. Exposure of NW-impregnated specimens at concentrations more than 20% to Aspergillus niger did not have any significant effect on fluid flow. In control specimens, fungus mycelium penetrated deep into the texture of textile. However, in NW-impregnated specimens, the fungus could not penetrate into the texture and deteriorate the specimens. It was concluded that NW can be recommended for textile industry and also works of art as they protect cotton textiles against Aspergillus niger while, do not diminishi its dying and paintability properties.

scholarly journals Some Comments on the Cotton Cloth Consumption in Pakistan

1975 ◽  
Vol 14 (2) ◽  
pp. 238-244
Author(s):  
Munawar Iqbal Malik
Keyword(s):  
Textile Industry ◽  
Industrial Development ◽  
Value Added ◽  
Foreign Market ◽  
Cotton Cloth ◽  
Small Scale ◽  
Productive Capacity ◽  
Cotton Textile ◽  
Rate Of Increase ◽  
Cotton Textiles

From the beginning, the cotton textile industry has been the keystone of Pakis¬tan's industrial development. In both the large scale (more than 1U employees) and the small scale sectors, cotton textiles is the single most important industry in terms of both the value of output and employment. Cotton textiles account for more than 15 percent of all exports and a much higher share of manufactured exports. While the importance of textiles has diminished with the spread of in¬dustrialization to other sectors, the predominance of textiles in manufacturing employment, value added and exports is likely to continue for some time. As Pakistan prepares to launch its Fifth Five-Year plan, it is useful to examine the growth prospects for the cotton textile industry. Having long ago replaced imports of cotton textiles by domestic production, Pakistan must now look to the expansion of foreign market for textiles or at least Pakistan's share in the market-and to the growth of the home market to absorb any planned growth in productive capacity. With the uncertainties in the world market, and especially the current recessionary slump in the developed economies the aftermath of which is likely to be felt for some time, especially in the form of new quantitative restrictions against textile and other manufactured imports coming from developing countries -the future growth in demand for Pakistan's exports is very problematic. Over the decade of the 1960's, textile exports grew in real terms by more than 20 percent per annum. From 1970 to 1974 the trend rate fell to less than 5 percent per annum with considerable fluctuations in the rate of increase from year to year. Of course, there always remains the possibility that Pakistan can expand her share of the foreign market sufficiently to offset any decline in world demand, but the existence of the country-specific quotas on textile products in many of the importing coun¬tries may prove a serious constraint in this regard.

The largest financial groups from emerging economies

2018 ◽  
Vol 13 (5) ◽  
pp. 1050-1069 ◽  
Author(s):  
J. Francois Outreville
Keyword(s):  
Foreign Direct Investment ◽  
Emerging Economies ◽  
Direct Investment ◽  
Multinational Firms ◽  
Emerging Countries ◽  
Strong Impact ◽  
Internationalization Process ◽  
Host Countries ◽  
Content Type ◽  
Financial Groups

Purpose Numerous articles contain recommendations as to how emerging countries can attract foreign direct investment on terms that are beneficial to both the investing firm and the host society but very few explore the conditions for firms from emerging countries to invest abroad. The purpose of this paper is twofold: the first is the documentation of the preferred locations of foreign affiliates for the largest financial groups headquartered in emerging countries; and, second, is to identify some of the determinants associated with the location-specific advantages of these host countries. Design/methodology/approach The analysis of the internationalization process of these groups is based on a list of top financial groups ranked by total assets. In the empirical section, the factors that explain the choice of these locations by multinational firms are categorized as resources seeking, market seeking, efficiency-seeking variables and cultural variables. Findings There is empirical evidence that institutions prefer to invest in foreign locations that minimize some dimensions of the culture. Other factors like the role of efficiency variables, i.e. trade efficiency, political risk and government effectiveness, in host countries also have a strong impact on the determinants of the internationalization process. Originality/value The paper puts forward a framework for analyzing determinants of foreign direct investment of multinational financial groups from emerging economies.

scholarly journals Multinational Firms, Internal Capital Markets, and the Value of Global Diversification

2016 ◽  
Vol 06 (02) ◽  
pp. 1650004 ◽  
Author(s):  
Jason Sturgess
Keyword(s):  
Foreign Direct Investment ◽  
Capital Markets ◽  
Direct Investment ◽  
Multinational Firms ◽  
Internal Capital Markets ◽  
The Past ◽  
Internal Capital ◽  
Global Diversification

Over the past 30 years, multinational firms’ investment grew four times faster than worldwide GDP. Yet the evidence on whether global diversification is valuable is inconclusive. This paper uses detailed foreign direct investment (FDI) data for 251 UK multinational firms and 4,676 subsidiaries for the period 1999–2005 to show that multinational firms exhibit, on average, a global diversification premium. I investigate this result and show that the premium is positively related to “winner-picking” transfers in internal capital markets, and more so for better-governed firms. The findings help explain why multinational firms’ investment and global diversification have significantly increased over the past three decades.

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