STEN S DERMAN is Professor of International Business at Stockholm University School of Business, Sweden. He has worked and lived in Asia and has conducted several research projects on Asia and multinational firms' activities in the region. He has taken part in several international seminars and has published articles and edited a number of books. His writings include books and several research reports for major international organizations.

• List of Figures and Tables Foreword Notes on the Contributors List of Abbreviations PART 1: CORPORATIONS AND GOVERNMENTS ARE MAKING MAJOR ADJUSTMENTS TO RE-ALIGN THEIR POSITIONS WITH NEW REALITIES Asia and its Actors, their Logics and the Challenges; G.Redding Export-Led Growth in East Asia: Lessons for Europe's Transition Economies; A.Kokko Organizational Learning Capacities of Policy-making Systems for Financial System Recovery: The Case of Sweden with Some Suggestions for Japan; K.Suzuki Levitt Emphasized Markets but Manufacturing Leads the Way; F.Robins PART 2: DEFINITION OF HOW SUCCESS OR FAILURE OCCURS IN THE FACE OF SURROUNDING TECHNICAL AND INFORMATIONAL ADJUSTMENTS Japanese Foreign Direct Investment and the Transformation of the East Asian Political Economy: Corporate Strategy in the Automotive Sector; A.J.Staples Foreign Ownership, Human Capital and Earnings in the Japanese Labour Market; H.Ono Gaining Societal Advantages in Emerging Markets: International Stakeholder Management in Malaysia; H.Jansson The Impact of Foreign Direct Investment on the Economic Development of ASEAN Economies; H.Mirza & A.Giroud PART 3: CHINA'S RECENT SURGE OF INDUSTRIALIZATION HAS CAUSED A MASSIVE GLOBAL RE-DIRECTION IN THE MOVEMENTS OF CAPITAL, LABOUR AND TECHNOLOGY China's Changing Role in Industrial Value Chains and Reverberations on Industrial Actors in Germany; U.Jürgens & R.Rehbehn Local Responsiveness of German Firms in International Joint Ventures in the PRC; A.T.Mohr & J.F.Puck Foreign Direct Investment Communities and the Legitimation of Wholly-owned Foreign Subsidiaries in China; J.Li & J.Y.Yang The Changing Environment for Entrepreneurship Development: Private Business in the People's Republic of China; H.Dolles Index