What price will North American business pay if it fails to develop an understanding of the role of East Asia in the transformation of global competition? Competition in this region has been intensifying as the pace of technological change speeds up and new competitors appear. Canada has major opportunities in its economic relation-ships with the rapidly emerging dynamic East Asian economies. But the diversity and dynamism of East Asia's capitalism must be understood by those who wish to meet their competitors there successfully. Understanding how and why businesses are organised the way...

This volume addresses the two key financing constraints that firms must face: taxation and finance. The taxation analysis focuses on how tax systems in selected Asian economies affect growth and the relative competitiveness of foreign and domestic enterprises. It outlines key features of the systems and provides a set of guidelines for potential foreign investors as to how these systems compare with each other (and with those in Canada and the United States) and predict future developments (including financial innovation and the internet).

The study of financial frameworks focuses on...