Question

The U.S. market for computers is dominated by domestic firms such as Dell, Hewlett-Packard, and Apple. The U.S. market for consumer electronics is dominated by Japanese firms and brands such as Sony, JVC, Panasonic, Mitsubishi, and Toshiba. However, the U.S. automobile market includes both domestic firms like Ford and General Motors and formidable Japanese competitors like Toyota and Honda. Please discuss the following two question:

1. What other industries can you think of that fit one of the three patterns noted in the chapter (dominated by foreign firms, dominated by U.S. firms, or dominated by a combination of U.S. and non-U.S. firms)?

Answer 1

Answer 1:

The Apparel and Gaming industry in U.S. is dominated by foreign firms, Service and technology products are dominated by U.S. firms and smartphone industry is dominated by a combination of U.S. and non-U.S. firms.Nut it has been oberved in recent years that most of the foreign firms are taking over the market in the United States. In service and technology industry where domestic firms had comparative advantage, foreign firms are taking over the market.