-flow" mechanism (64).
Not only is the pricing and manufacturing structure of the keiretsu being exported, so too is the philosophy of keiretsu management. Banerji and Sambharya (1996), explained the underpinnings of the keiretsu quite well:
A key feature of the industrial structure in Japan has been the inter-corporate group alliances known as "keiretsu." A keiretsu is defined as a group of inter-related organizations that have cross-ownership, joint share-holdings, common trademarks, commodity transactions, and bank loans between themselves. . . Belonging to a keiretsu has influenced the flow of transactions between member firms and created "a thick and complex skein of relations matched in no other industrial country" . . . Based on their relational structure, keiretsu may be divided into three broad categories. . . based on: (1) corporate groups, (2) financial centrality, and (3) industrial interdependence (Banerji and Sambharya, 1996, 89).
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