This paper addresses a puzzle related to firm size and competition. Since Stephen Hymer´s pioneering contribution (Hymer, 1960/1976), theories of the firm implicitly assume that only large, diversified multinational enterprises can compete in industries that combine high capital intensity, high...

The focus of this paper is on the evolution of international production by Japanese electronics firms. In the first two parts, I trace the development of Japanese production networks in Asia through three different periods. Each of these periods reflects fundamentally different strategic...