Background
Ozawa, Terutomo was born on January 17, 1935 in Yokohama, Japan. Arrived in United States, 1959, naturalized, 1973. Son of Hanjiro and Tsuru Ozawa.
(What has become of the five countries most severely devas...)
What has become of the five countries most severely devastated by the East Asian financial crisis of the late 1990s-Indonesia, the Republic of Korea, Malaysia, the Philippines and Thailand? How have the foreign takeovers fared, the cross-border M&As that followed the crisis? Is the process of corporate and industrial restructuring in the region now complete, or is it still unfolding? These are the key questions raised in this book, which will be of particular interest to policymakers and international executives, and to scholars and researchers in economics, international business, global finance and political economy. Business Restructuring in Asia asks whether the post-crisis acquisitions amounted to a "fire sale" of valuable Asian assets. If so, was there truly no other solution? Zhan and Ozawa discuss whether the role of M&A "vulture funds" in crises of this kind is good, bad, or just an inevitable function of free capital markets. The authors' own conclusion is that cross-border M&As can be highly effective in reforming corporate governance within a stricken economic region, by bringing in new corporate assets and business practices not available domestically. If their costs can be minimized and their benefits to the region maximized, then such M&As may be a necessary evil and are perhaps even a good thing for these crisis-hit Asian economies. This penetrating study was prepared as background research for UNCTAD's World Investment Report 2000.
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Ozawa, Terutomo was born on January 17, 1935 in Yokohama, Japan. Arrived in United States, 1959, naturalized, 1973. Son of Hanjiro and Tsuru Ozawa.
Bachelor of Arts Tokyo University Foreign Studies, Tokyo, 1958. Master of Business Administration, Doctor of Philosophy Columbia University, 1962, 1966.
Assistant Professor, Association Professor, Colorado State University, 1966-1968, 1970-1974. Visiting Research Association Center Policy Alternatives, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1975-1976. Visiting Scholar, University of Cambridge, Cambridge, United Kingdom, 1982-1983.
Consultant, World Bank,
2, UNESCAP, 1979-1980, 1983, OYCD, 1980-1984, United Nations Conference on Trade and Development, 1983-1984. Professor of Economics, Colorado State University, Fort Collins, Colorado, United States of America.
(What has become of the five countries most severely devas...)
Author: (book) Multinationalism, Japanese Style, 1979, Japan's General Trading Companies: Merchants of Economic Development, 1984, Recycling Japan's Surpluses for Developing Countries, 1989, Business Restructuring in Asia, 2001, The "Flying-Geese" Paradigm of Catch-up Growth, 2005. Contributor articles to professional journals.
Among the first to explore the dynamic factors of Japan’s postwar economic growth, such as technological assimilation, research and development activities, and technology exports. Initial work focussed on licensing agreements as the major conduit of technology imports into postwar Japanese industry and their impact on Japan’s R&D and export competitiveness in manufactures. Research then extended to Japanese exports of technology and to overseas investments.
Have been stressing a new macroeconomic analytical framework to analyse the unique set of economic forces that induce Japanese enterprises, large and small alike, to seek overseas business opportunities through foreign direct investment and nonequity forms of involvement. Have explored the ‘new forms of investments’ pursued by Japan’s distinctive economic institution, the general trading company.
Member of American Economic Association.
Married Hiroko Aoyama, November 4, 1967. Children: Edwin, Clare.