Regional Integration in the Asia Pacific Issues and Prospects: The Evolution of Transport Arrangements
Global network corporations ‐ major agents of contemporary globalisation ‐ exploit economies of scale in their expanding markets and economies of scope from their corporate (knowledge, financial and marketing) networks, while locating and maintaining production centres world wide in order to take advantage of lower factor prices. These activities, which create a globally distributed production system and related flows of knowledge, capital, goods and services, have been made possible by and are making possible a variety of recent developments: innovations in transportation and complementary communication technologies; organisational and institutional innovations creating new logistical systems; reform of the regulatory regimes of the...
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Document Type: Review Article
Publication date: April 1, 2005