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US and Japanese MNC Affiliates
This article compares various indicators of economic activities of Japanese and United States multinational corporation affi liates in India and China using unique affi liate-level data. It fi nds that while Japanese MNCs in India follow the typical multinational expansion strategy in an emerging economy with a focus on the transport equipment industry, their American counterparts are concentrated more in information technology-related services, strengthening service-led growth of the Indian economy.
I thank Sisira Jayasuriya, Witada Anukoonwattaka and Prema-chandra Athukorala for useful comments and suggestions. I would also like to thank a referee for useful suggestions for revising this article.
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