When Giants Converge

This text presents an analysis of how international direct investment since World War II has played an important role in the process by which industrial countries generate technology and productivity growth. It covers the complex relations between the US and Japan since 1945. <p>Part I Overview; Chapter 1 Changing Roles of the United States and Japan in International Direct Investment; Chapter 2 The Changing U.S.-Japan Direct Investment Relationship; Part II Some History; Chapter 3 Early U.S. Investments and Technology Transfers, 1948–69; Chapter 4 Transition to Two-Way Investment and Technology Flows: The 1970s; Part III The New Relationship; Chapter 5 Japanese Technology Contributions to the U.S. Auto Industry; Chapter 6 Technology Flows in Other Low- and Medium-R& D Industries: Steel, Tires, and Machine Tools; Chapter 7 Two-Way Technology Flows in High-R& D Industries: Computers, Semiconductors, and Communications Equipment; Chapter 8 More High-R& D Industries: Pharmaceuticals, Instruments, and Semiconductor Manufacturing Equipment; Chapter 9 Conclusions;</p>