This work provides a consistent and empirically meaningful definition of surplus and suggests an analytical framework for studying economic growth and stagnation using that concept. The book also presents a case study of the role of surplus in economic growth. In the first part of the work, a method is developed emphasizing the links to classical economic theory and the logical flaws of the earlier works. The second part examines the role of surplus in one country, and tests the classical hypotheses about growth in the long run and in a cross-section of countries.

Since its inception in the late 19th century, Britain's mail order industry both exploited and generated social networks in building its businesses. The common foundation of the sector was the agency system; Sales were made through catalogs held by agents, ordinary people in families, neighborhoods, pubs, clubs and workplaces. Through this agency system mail order firms in Britain were able to tap social networks both to build a customer base, but also to obtain vital information on credit worthiness.
In this, the first comprehensive history of the British mail order industry, the authors combine business and social history to fully explain the features and workings of this industry. They show how British general mail order industry firms such as Kay and Co., Empire Stores, Littlewoods, and Grattan grew from a range of businesses as diverse as watch sales or football pools. A range of business innovations and strategies were developed throughout the twentieth century, including technological development and labor process rationalization. Indeed, the sector was in the vanguard of many aspects of change from supply chain logistics to computerization. The social and gender profile of the home shopper also changed markedly as the industry developed. These changes are charted, from the male-dominated origins of the industry to the growing influence of women both within the firm and, more importantly, as the centre of the mail order market. The book also draws parallels and contrasts with the much more widely studied mail order industry of the United States.
The final section of the book examines the rise of internet shopping and the new challenges and opportunities it provided forthe mail order industry. Here the story is one of continuity and fracture as the established mail order companies struggle to adjust to a business environment which they had partly created, but which also rested on a new range of core competencies and technological and demographic change.

By understanding the historical antecedents and current organization of industry associations, business and government will better be able to help restructure them and thus assist American industry more effectively battle foreign competition. Procassini, president of the Semiconductor Industry Association, maintains that American associations can, and should be reorganized by reviewing and comparing their origins and operations today to similar associations in America's two major trade competitors, Germany and Japan. Comprehensive, thoroughly researched, readable and anecdotal, this book is the first to focus on the role of associations in the global marketplace. A provocative and useful analysis for businesspeople, government officials, and members of the academic community concerned with the structure and practice of international commerce.

The author compares U.S. industry associations to those in Germany and Japan in two ways. First, he looks at their past legacies and present mandates; then, with special emphasis on America's major high-tech industries, he analyzes their organization and operation. After a general overview of the past, present, and foreseeable future of associations, and a detailed study of those in the U.S., Germany, and Japan, he turns to specific industries -- aerospace, biotechnology, semiconductors, and computer systems -- and their trade associations, defining and comparing the characteristics of each. Part IV of the book digs into the ways in which associations fail, as well as succeed, in the mission demanded of them today. From this analysis and the author's extensive experience as a corporation and association executive, emerge a series of recommendations for redefining the associations' mission in today's global economy, and a blueprint for achieving these goals.

Given the increase in large scale mergers throughout the world, this book addresses the growing problem of restricted competition through collusion and the perennial debate surrounding the use of government subsidies for industries to further national interests. The aims of the book are threefold; firstly, to elucidate the antecedents of competition policy in the US and Europe and to demonstrate how far a convergence of principles has developed. Secondly, to outline the theory of industrial organisation as a major tool to devise an appropriate policy, and thirdly, to discuss the practice of competition policy in the US, individual European countries and the EC as a whole, in terms of collusion, mergers and vertical restraints. Manfred Neumann comprehensively explores the economic arguments that justify the need for competition policy. He considers the historical development of competition policy and the relationship between competition policy and the objectives of governmental policy as a whole. In conclusion, he argues that competition policy should be regarded as a constituent part of economic and social policy. This enlightening and comprehensive book will be of great value to students, researchers and practitioners of law, corporate strategy and industrial and political economics.

The blurring of boundaries between hitherto distinct scientific disciplines, technologies or markets is a common and powerful phenomenon. Subjects of this convergence often change consumer behaviours, favouring products and platforms with multiple functions. The Anticipation of Converging Industries provides a detailed focus on the triggers, drivers and consequences of convergence to create a more concise definition of convergence. This detailed analysis includes a specifically developed toolbox for 'convergence foresight', creating a forecasting method for convergence trends. With the focus on the chemical, biotechnological and pharmaceutical industries, several indicators of convergence in the areas of Nutraceuticals/Functional Foods, Cosmeceuticals and ICT are derived from samples including over 1million patents and scientific publications. By supporting this methodical approach with real world data, The Anticipation of Converging Industries is perfect for industry practitioners looking for a competitive edge in the present and for the future. Similarly, academics will find a comprehensive theoretical concept for better understanding the underlying rationale of convergence at their disposal

Exploding the curious myth that the ocean is a barrier rather than a highway for communication, this unusual interdisciplinary study examines the English Atlantic context of early American life. From the winterless Caribbean to the ice-locked Hudson Bay, maritime communications in fact usually met the legitimate expectations for frequency, speed, and safety, while increased shipping, new postal services, and newspapers hastened the exchange of news. These changes in avenues of communications reflected--and, in turn, enhanced--the political, economic, and social integration of the English Atlantic between 1675 and 1740. As Steele deftly describes the influence of physical, technological, socioeconomic, and political aspects of seaborne communication on the community, he suggests an exciting new mode of analyzing Colonial history.

Economic progress in the digital knowledge society will be characterized by enormous structural change and the growth of digital services. This book focuses on the role of information and communication technologies for economic integration, networking and growth. It highlights technological and regulatory dynamics with respect to EU countries and the US and presents new policy conclusions at both the national and international levels, including welfare analysis.

"United States Service Industries Handbook" is designed to bring together the wealth of information on federal data sources for services, to analyze some of the characteristics of these industries, and to inquire into some of the problems of a service-oriented economy. It examines the strenght of the service sector, the growing proportion of consumer expenditures on service products, the explosion in service sector employment, the increasing importance of services in U.S. international trade, and the inclusion of services in the General Agreement on Tariffs and Trade (GATT). Also discussed are the present status of the industry and international trade issues affecting services. In addition, this comprehensive volume includes the latest statistics for the industry, a broad bibliography, and a detailed listing of sources of data.

It is widely admitted that markets are the main driving force of the economy but governments intervention could, in some circumstances, improve on their outcomes. This book provides a structured analysis relating theoretical arguments, implementation approaches and effectiveness of industrial policy.

In the past twenty years the clusters of small enterprises proved to be among the most dynamic ways to promote the endogenous growth of local economic systems. However, the case of 'survival clusters' in developing countries is more controversial, as many international organizations and specialized government agencies have verified over their long-term experience. This book offers a new interpretative key, which we call 'a stage and eclectic approach' to the development of clusters. This approach supports public efforts to increase the effectiveness of policy-making and development operations in local contexts.

This book challenges the prevailing view that regional economic decline is caused by unionization and can be avoided through tax cuts. Respected economist Douglas Booth suggests the establishment of cooperative financial institutions in order to shift corporate responsibility from stockholders to employees. Policymakers, those interested in employee ownership, unionists, and those interested in the nation's economic problems in general will find the book provocative and timely.

More than twenty million migrant workers send $40 billion to their countries of origin each year, making labor second only to oil as the most important commodity traded internationally. The essays contained here deal with this unsettled sociopolitical issue--international labor migration and its relationship to economic development--seeking to determine the effects of recruitment, remittances, and return migration on labor-exporting countries. Many analysts, sending-country governments, employers, and migrant workers feel that countries with unemployed workers should, if possible, export them to countries with labor shortages. Remittances from migrants and returning workers who were trained abroad should stimulate economic growth enough to reduce unemployment and pressures to emigrate. It was projected that within a decade or less, labor-importing countries would emerge from the labor-shortage phase of their development. However, migrant workers have become a structural feature of the economies in Western Europe, the Middle East, South Africa, and the United States: emigration does not promote development in the sending countries. This collection of twelve chapters by experts in the field examines the conceptual and theoretical issues in international labor migration and looks at the relationship between migration and development in Africa, between Mediterranean countries and Europe, between Asian labor exporters and Middle Eastern importers, and the effects of emigration on Latin America and the Caribbean.

In addition to comprehensive introductory and concluding sections, Conceptual and Theoretical Issues in International Labor Migration and The Unsettled Relationship between Migration and Development, the volume is divided into four additional sections that scrutinize labor migration and development in Africa, Greece, and Turkey, Asian countries, and Latin America, Mexico, and the Caribbean. The book's recurring theme states that there is no iron law of migration-induced development: recruitment, remittances, and returns do not automatically generate stay-at-home development. This first thorough and comparative treatment, with its focus on the population, social policy, labor market, language, and foreign policy implications of recent and present policies, will be invaluable for courses on refugees and migrants in sociology and comparative public policy. Research libraries and international assistance organizations will find it an indispensable resource.

Corporate Security Responsibility? focuses on the role of private business in zones of conflict. The book contributes to closing the gap between research on Global Governance and Peace and Conflict Studies. It applies a systematic research design to the study of corporate governance contributions to peace and security across a number of cases.

The question of why some companies succeed while others languish prompted the Federal Reserve Bank of Atlanta to sponsor the March 1983 conference on Growth Industries in the 1980s from which this book was derived. Experts from key industries addressed the question at a time when recession caused bankruptcy in many businesses. Paradoxically, many small companies, primarily in high technology areas, grew dynamically and added 15 million jobs to the nation's economy. This book, presenting the current thinking of highly regarded contributors, offers insights into how this nation can encourage the growth of companies and industries that will restore our competitive advantage.

The years between 1865 and 1920 were eventful ones for the sake of Missouri. It was not only the time of Jesse James, Scott Joplin, and Mark Twain, of progressive governors Joseph Folk and Herbert Hadley, of the first general strike in St. Louis and some especially vicious vigilante activity, it was also the time when Missouri, like many other states, was being transformed by the tides of industrialism and economic growth. This social history examines the social and economic forces that resisted economic development in Missouri. Here, Thelen explores the various ways that people attempted to maintain their values and dignity in the face of overwhelming new economic, cultural, and political pressures, and analyzes the grassroots patterns that emerged in response to rapid social change. Thelen, who is one of the leading historians of the Progressive period in America, contends that people found their strength not in class solidarity or other Marxist responses but in what he calls "the resistance of folk memories," which allowed them to call upon the best elements of their collective past to help them cope with the new situation.

This book investigates the implications of digital technologies on the industrial and business dynamics of modern economies. In-depth studies analyse how deep-rooted work practices of the Old Economy have been dramatically challenged when confronted with the entrepreneurial wave of the New Economy. Initially the digitization of existing processes was motivated by ideas of rationalization and cost-cutting. The book convincingly shows how reaping the full benefits necessitates fundamental changes in procedures and organizational design. The effects transcend the boundaries of the firm, as established channels of interaction with old partners must be reconfigured and familiar divisions of labour rethought. The Industrial Dynamics of the New Digital Economy presents novel and detailed data showing how vast and still dominant industries of the Old Economy have responded to the new challenges and exploited the emerging opportunities of digitization in very different ways. The book offers the first theoretical framework for analysing and evaluating the different strategies chosen by industries when struggling to rebuild competitive positions in the new digitized business environment and will be of great value to academics, industrial economists and all those interested in technology, innovation and the new economy.

Motivated by recent events and experiences in antitrust enforcement and policy in the United States and the European Union, and new insights and findings from academic research, this book presents a collection of theoretical, empirical and public policy-oriented articles representing recent research on the political-economy of antitrust. Political-economy is defined broadly to include the demand-side drivers of antitrust activity such as market failures and interest-groups, along with supply-side drivers including ideology and partisan politics as well as the importance of informational limitations in antitrust enforcement and the institutional structure of the antitrust agencies. Examining issues related to the political-economy of antitrust is important as antitrust policy and enforcement provide a key mechanism for preserving the competitiveness of markets, with implications for innovation, efficiency, growth and welfare. This book brings together contributions by leading academic researchers in the areas of political-economy, cartels, merger and non-merger enforcement, as well as economists working with antitrust authorities in the U.S. and E.U., to make a timely contribution for researchers and practitioners.
The chapters in this volume cover the full range of topics: enforcement of cartels; merger control; monopolization and abuse of dominance; and systemic issues in antitrust enforcement and policy. Since the last few years have seen significant changes in both the U.S. and E.U. in the attitudes towards cartels, the book places emphasis on antitrust enforcement of cartels, including topics such as the corporate leniency programs that have recently been introduced in the U.S.and E.U., optimal deterrence mechanisms against cartels and detection of cartels.
While the individual chapters of the book make independent contributions and may be read separately, the book brings together articles from various sub-areas to present a more encompassing picture. The first chapter provides an overview of some of the trends and recent research in antitrust enforcement and policy and highlights the contributions made by the chapters in this volume.
*Motivated by recent events and experiences in antitrust enforcement and policy in the United States and the European Union, and new insights and findings from academic research
*Brings together contributions by leading academic researchers
*Makes a timely contribution for researchers and practitioners