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Author: Terutomo Ozawa Publisher: Edward Elgar Publishing ISBN: 1781003319 Category : Business & Economics Languages : en Pages : 224
Book Description
The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the ‘flying-geese’ theory explains how capitalism has changed industrial structures across the world. It asks whether the ‘flying-geese’ formation will survive the changes that have produced the East Asian miracle, and – as hoped – spread to Africa. Terutomo Ozawa’s reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful ‘flying-geese’ formation and structural transformation. The book argues that the ‘ladder’ of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana – moving from ‘kicking away the ladder’ from emerging economies to then providing it – demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs. This enlightening, accessible and timely conclusion to Ozawa’s trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.
Author: Terutomo Ozawa Publisher: Edward Elgar Publishing ISBN: 1781003319 Category : Business & Economics Languages : en Pages : 224
Book Description
The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the ‘flying-geese’ theory explains how capitalism has changed industrial structures across the world. It asks whether the ‘flying-geese’ formation will survive the changes that have produced the East Asian miracle, and – as hoped – spread to Africa. Terutomo Ozawa’s reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful ‘flying-geese’ formation and structural transformation. The book argues that the ‘ladder’ of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana – moving from ‘kicking away the ladder’ from emerging economies to then providing it – demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs. This enlightening, accessible and timely conclusion to Ozawa’s trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.
Author: Nathan Rosenberg Publisher: ISBN: 0786723483 Category : Business & Economics Languages : en Pages : 370
Book Description
How did the West--Europe, Canada, and the United States--escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions--not corporate organization and mass production technology--that explain its unparalleled wealth.
Author: International Monetary Fund. External Relations Dept. Publisher: International Monetary Fund ISBN: 1475566980 Category : Business & Economics Languages : en Pages : 60
Book Description
This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
Author: John Barkley Rosser Publisher: MIT Press ISBN: 9780262182348 Category : Business & Economics Languages : en Pages : 668
Book Description
The second edition of an innovative undergraduate textbook in Comparative Economic Systems that goes beyond the traditional dichotomies.
Author: R. Solomon Publisher: Springer ISBN: 0333983491 Category : Business & Economics Languages : en Pages : 217
Book Description
This revised, extended and updated edition of Robert Solomon's well-received The Transformation of the World Economy assesses the remarkable changes in the world economy in recent decades. The impact of marketization, of globalization in both industry and finance, and of increased policy co-ordination as a response at regional and global level, are analysed. The policy impact of changing philosophies of economic policy in the US, Britain, Western Europe, the USSR, Russia and Eastern Europe, China, Asia, the Middle East, Africa and Latin America are analysed.
Author: Dr Pawel Bozyk Publisher: Ashgate Publishing, Ltd. ISBN: 1409462811 Category : Business & Economics Languages : en Pages : 280
Book Description
The onslaught of globalization has brought with it sweeping changes to the foreign economic policy of the last 50 years. As the international political economy of nations and regions continues to be drawn and redrawn, this book traces the goals and instruments of foreign economic policy during this period, providing insight into the long-run trends and developing new theoretical generalizations. The book charts the journey from the point when foreign economic policy was solely concerned with foreign trade - pursued to promote the interests of individual countries - to the current globalization of the world economy that creates a uniform market in goods, services and factors of production that embrace all countries and regions.
Author: Ho-fung Hung Publisher: JHU Press ISBN: 0801893089 Category : Business & Economics Languages : en Pages : 223
Book Description
This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century. China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's re surging power, this volume takes a broad, long-term view that reaches well beyond economics for answers. Contributors explore the vast web of complex issues raised by China's ascendancy. The first three chapters discuss the global and historical origins of China's shift to a market economy and that transformation's impact on the international market system. Subsequent essays explore the ability of large Chinese manufacturers to counter the might of transnational retailers, the effect of China's rise on world income distribution and labor, and the consequences of a stronger China for its two most powerful neighbors, Russia and Japan. The concluding chapter questions whether China's growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East.
Author: Caroline Humphrey Publisher: Routledge ISBN: 1000180603 Category : Social Science Languages : en Pages : 270
Book Description
How has it come about that indigenous cultures, body parts, and sequences of musical notes are considered property? How has the movement from collective to privatized systems affected notions of property? At what point in transaction chains do native cultures, indigenous medicines, or cyberdata become objects and therefore propertized, and what are the social, economic, and ethical considerations for such transformations? Addressing these hotly contested issues and many more, Property in Question interrogates the very concept of property and what is happening to it in the contemporary world, in case studies ranging from Romania to Kazakhstan, Africa to North America. The book examines not only the changing character of the property concept, but also its ideological foundations and political usages. Authors address bio-transactions, music copyright, cyberspace, oil prospecting, debates over privatization of land and factories, and dilemmas arising with new forms of ownership of businesses. Offering a fresh perspective on contemporary economic transformation, this volume is a long overdue investigation of the power of the private property concept, as well as an exploration of how the global economy may be subtly, even invisibly, changing what property means and how we relate to it.
Author: Hyeon-Wook Kim Publisher: Brookings Institution Press ISBN: 0815737769 Category : Business & Economics Languages : en Pages : 376
Book Description
Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.
Author: E. Sahle Publisher: Springer ISBN: 0230274862 Category : Political Science Languages : en Pages : 256
Book Description
The book examines how hegemonic development ideas and practices emerged in the context of the changing world order post-1945 and how this transformation was characterized by neoliberalism and securitization of development and security. Sahle also explores the rise of China and the start of Obama's presidency.
Author: Terutomo Ozawa
Author: Terutomo Ozawa
Author: Nathan Rosenberg
Author: International Monetary Fund. External Relations Dept.
Author: John Barkley Rosser
Author: R. Solomon
Author: Dr Pawel Bozyk
Author: Ho-fung Hung
Author: Caroline Humphrey
Author: Hyeon-Wook Kim
Author: E. Sahle