ABSTRACT
In the Pacific the facilitating functions of services enterprises are very significant because of transaction costs and risks caused by long social distances, large differences in levels of social and political development, and contrasts in economic policies that affect business environments. The largest and most active economic links in the Pacific are the trade, transnational production and financial bonds between the US, Japan, South Korea, Taiwan and the Southeast Asian market economy states. Service enterprises contribute to the dynamism of the central pattern in the Pacific regional economy. Japanese service firms are becoming more and more prominent in the Pacific and, especially in the developing East Asian states, their involvement is distinguished by the rather comprehensive operations of large general trading companies. In the evolution of Pacific economic relations the options open to American and Japanese financial enterprises have potentially great significance.
