Differences in global market integration across industries have important repercussions for MNC strategy and the drivers of manufacturing subsidiary divestment decisions. Global industry integration and the associated competitive pressures lead MNCs to adopt cost efficiency strategies for their subsidiary networks, and subsidiary divestment decisions are strongly driven by labor cost considerations. In non-integrated industries, host country demand conditions are the prime driver of divestments. These patterns are the most salient for MNCs that have aligned their strategy with the global industry environment. Analysis of the divestment hazards of 3827 Japanese manufacturing subsidiaries in 57 countries provides support for these conjectures.

跨行业的全球市场整合差异对跨国公司战略和制造子公司撤资决策的驱动因素具有重要影响。全球行业整合和相关的竞争压力导致跨国公司对其子公司网络采用成本效率战略，而子公司撤资决策则受到劳动力成本考虑的强烈推动。在非一体化行业，东道国的需求条件是撤资的主要驱动力。对于将战略与全球行业环境保持一致的跨国公司来说，这些模式最为突出。对 57 个国家的 3827 家日本制造子公司的撤资风险分析为这些猜想提供了支持。