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Reasons for internationalisation

Niche strength of different economies

The global village is changing "work" the way we know it. We see particular countries beginning to specify the type of work predominant. Japan focuses on electronics, the US is the center for new technology, Indonesia, Hong Kong and other EPZs are known for their manual labour capabilities. Specialists from all over the world go to particular countries due to the opportunities in a certain field available there. Niche strengths of some of the economies are listed below:

• US' research, financial and manpower resources
• Japan's pursuit of the extremes of a technology
• Australia's strength as a good testing ground with its high acceptance of new products and technologies. Products that find acceptance in Australian market also tend to succeed in other developed markets.
• Skilled and educated manpower e.g. China, Singapore, Japan, US, including local graduates, post-graduates and foreign-returned ones.
• The South Korean's successful commercialization of existing technologies, rather than the invention of new ones.
• In the forestry, New Zealand has a definite advantage. Its trees reach full maturity in a much shorter period than in most economies.
• Economies like Papua New Guinea, with specific resources like minerals, gold etc. are attractive to some research investors.
• Some economies like Papua New Guinea and Singapore also act as a springboard from which MNCs can enter other markets in the region.
• Thai scientists, engineers and industrial decision-makers already possess some unique abilities, e.g. utility of problem-solving and the use of information services.