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One of the leading experts on the history of multinational enterprise, Mira Wilkins here sets forth the history of American multinational investment in Japan and Japanese multinational investment in the United States during two crucial decades. The tumultuous years from 1930 to 1952 forced these companies to deal with the vastly different challenges of depression, war, and peace. Professor Wilkins explains how they adapted to their changing environment. She also provides noteworthy support for the view that cross-investment was not symmetrical.