Globalization has created new opportunities and challenges for late industrialization. This book identifies underlying factors for latecomer firms to catch up as system integrators, or upgrade as suppliers in fast-globalizing industries. With in-depth case studies, several perspectives on firm growth are integrated into a comprehensive framework.

List of Tables List of Figures Acknowledgements Preface Foreword PART 1: INTRODUCTION Purpose of the Study Definition of the Key Concepts Research Approach and Focus Structure of the Study PART 2: LATE INDUSTRIALIZATION AND GLOBALIZATION: LITERATURE REVIEW Theoretical Approaches to the Late Industrialization Globalization Literature Concluding Remarks PART 3: CHANGING CONTEXT OF FIRM-BASED LATE INDUSTRIALIZATION IN THE GLOBAL BUSINESS TRANSFORMATION Firm-Based Industrialization in Global Value Chain Perspective Global Business Transformation and its Consequences for FLI in the Commercial Aircraft Industry An Overview of the Post-War Development of the Japanese Aircraft Industry Concluding Remarks PART 4: UPGRADING IN GLOBAL VALUE CHAINS: ANALYTICAL FRAMEWORK The Upgrading Process: The 'Controlled' Growth of the Dependent Firm in a GVC Determinants of Upgrading The Dynamics of Upgrading PART 5: THE POST-WAR DEVELOPMENT OF JAPANESE COMMERCIAL AIRCRAFT PRODUCTION: CASE STUDY Historical Background Rebuilding the Industry (1952 to early 1960s) Failure to Catch-up by the National project (Late 1950s to 1970s) Upgrading to 'Significant' Supplier Status in the Boeing's GVC (1970s to mid-1990s) Diversifying into Different GVCs (Late 1990s to Present) Concluding Remarks PART 6: CONCLUSION Appendix Notes Bibliography Index