The biggest causes of dissatisfaction in the current analysis of China's mega trends is the lack of serious economic research effort. This has resulted in confusion and misunderstanding about the development and direction of mega trends and blind acceptance of these trends. This all leads to potentially erroneous business and policy decisions and reactions to the emergence of China. This new book examines the structural forces behind mega trends in China, refuting conventional wisdom and demystifying media and market hype. It aims to bridge the gap between the East and the West, and academic and market studies of China by examining China's macroeconomic mega trends through the lens of rigorous economic research and evidence and taking a critical approach to question and assess the evolution of these mega trends. Coverage of China's mega trends in this book is not meant to be exhaustive, as new trends will emerge over time and the existing trends will keep on evolving.

In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.

This text sets out to describe the emergence of economics in the period of Japanese Enlightenment, or the first two decades of the Meiji era. At this time, there was general agreement for the need to modernize the country by abolishing all remaining feudalism, and opening up to Western economic thought. The author examines the main characteristics of economic thought at this time, in particular, the predominance of nationalism among both proponents of protectionism and free-trade.

Rich and informative case studies throughout bring this book to life for professionals and students alike. Written by one of the leading competitive experts in the world. Tackles a complex issues in a lively and engaging way.

This work explores the problems arising from dynamic information technology in its application to intellectual property rights. In a global marketplace of ideas, political boundaries and the sovereignty of the nation state seem to be disappearing because of the increasing difficulty of scrutinizing the infringement of intellectual property. That is particularly true of computer software, the focus of this book. The work analyzes the legal and political economy implications of investment in the software programming industry and the near-futility of monitoring protection of intellectual property in industry. The book begins by exploring the current state of copyright laws for computer software. It analyzes the economic theories of demand elasticities, public choice, clubs, and the concept of public goods as those theories apply to intellectual property, particularly computer software. This analysis is followed by a discussion of prevailing legislation in the United States, Europe, Japan, Asia, and China. The analysis is fortified by a comprehensive coverage of the Uruguay Round. The work concludes in favor of the free flow of information, which yields overwhelming benefits to a globally integrated market.

The West has long been ignorant of cultural and political processes in China. Today, a growing number of Westerners are becoming aware of China's real and giant potential as a player in the international business arena. As business becomes increasingly international, it is vital to understand the concrete nature of business and underlying attitudes in the world's most populated country.
This volume presents a unique view of the major facets of international business in China. It examines the workings of finance and accounting, law, management, and marketing as well as trade, foreign direct investment, and the management of foreign subsidiaries. Discussion of such functional areas is placed firmly in the context of developments in China in recent years, with special emphasis placed on implications for firms doing business in or with China. Succinct, up-to-date analysis is combined with practical guidelines and recommendations for the business person.
This highly international bookis an important step towards demystification of the workings of international business. The material presented is from leading experts in business from around the world who write from direct experience of business in China.

The economics and history of the closing years of the 20th century may turn out to mark the era of transformation when the nation-states lose most of their ability to maneuver in economics as finance and investment become transnationalized. In the European Community and similar associations, the nation-state loses some formal powers and has to modify its policies to fit those of its neighbors and the association. An economically sustainable social democracy may be beyond the reach of any one nation, and reforms based in a single middle-sized country may be impossible.

Over the past two decades, emerging market multinationals have become an important force in international business. This book provides a better understanding of the actions and strategies used by firms from mid-sized emerging markets to upgrade their capabilities and become successful multinationals. It is the first book to provide an in-depth look at Mexican multinationals, or 'Multimexicans'. These include some of the leading firms in the world, such as the construction materials producer Cemex and the tortilla maker Grumasa, as well as smaller but innovative firms such as the theme park Kidzania and the cinema multicomplex Cinepolis. This comprehensive analysis contains case studies written by local industry experts on these and other firms, across twenty-two industries. The lessons drawn will be of interest to researchers, students, and consultants, as well as managers and executives of firms in other emerging markets looking to upgrade capabilities and expand abroad.

Knowledge has in recent years become a key driver for growth of regions and nations. This volume empirically investigates the emergence of the knowledge economy in the late 20th century from a regional point of view. It first deals with the theoretical background for understanding the knowledge economy, with knowledge spillovers and development externalities. It then examines aspects of the relationship between knowledge inputs and innovative outputs in the information, computer and telecommunications sector (ICT) of the economy at the regional level. Case studies focusing on a wide variety of sectors, countries and regions finally illustrate important regional innovation issues.

This collection of essays presents insight and methodology that are highly relevant for readers today as they consider the future of the world they live in. Experiencing the COVID-19 pandemic, people have realized how fragile the current economy is and the necessity for reconstructing the socio-economic system. That system, which was considered the default for so long, was succeeded by the analytical framework of economics and regional science. The contents of this book are diversified, as are the achievements of Prof. Yasuhiro Sakai, to whom this volume is dedicated, and cover a wide area from mathematical and experimental economics to conventional and emerging fields of regional science. Some are timeless topics that have had new life breathed into them. Part I deals with, among other areas, risk management with uncertain events; the effectiveness and impacts of regulation and friction related to trading; the stability of strategic behavior and market equilibrium; and sustainable regional development and urban planning from the long-term perspective. Part II also presents a diversity of subjects, including input-output analysis and computable general equilibrium (CGE) modelling for internal as well as external structure and network linkage, such as a value chain; openness and creativity as related to competition among cities and regions; dispersion versus concentration; and inequality versus equality.

This unique and comprehensive study provides the English-speaking reader with the opportunity to hear what some of Japan's leading social scientists and other commentators have to say about the internationalization of their country and its impact overseas. As the global community's demands on Japan call for a greater Japanese contribution to international society and for changes in Japan to facilitate foreign access, the topic of internationalization takes on even greater significance.
The contributors examine internationalization from a variety of perspectives, and place it into its political, economic and social contexts. Topics of special interest include the internationalization of Japanese capital, the response of Japanese society to foreign workers, local level initiatives, and the internationalization of education. In addition to the group of highly regarded Japanese scholars who have contributed to this volume, two leading political scientists from the United States and Britain discuss the experience of Japan as it compares to their countries of origin.
"The Internationalisation" "of Japan" will appeal to students and scholars of Japanese affairs, and to political scientists and specialists in international affairs who are interested in the rise and fall of great powers.

The ideas behind economic democracy and financial participation are not new; the International Congress on Profit-sharing first met in Paris in 1889. The practical objective of many profit-sharing schemes was increased labour management co-operation. Some also had an ideal objective - the resolution of a perceived contradiction between concentrated wealth and power and the democratic ideal. In "Economic Democracy and Financial Participation", Daryl D'Art has two objectives. Firstly, to examine if, and under what conditions, profit-sharing schemes and employee shareholding can motivate workers and generate cooperative striving. Secondly, he identifies the schemes of financial participation which have the potential to realise economic democracy within the individual firm and society at large. To fulfill these objectives the author draws on the results of research carried out in the USA, Sweden, Denmark and Ireland. By making a comparative international study he contrasts an individualist approach to economic democracy with a collective approach. This book should be of interest to undergraduates and academics of economics, management, organizational behaviour, industrial relations, bu

Africa's international relations are in a state of transition as the continent enters the last decade of the twentieth century. Old assumptions about development, security, diplomacy and dependence are being challenged by new realities of debt, drought, devaluation and destabilisation. Collective self-reliance remains elusive despite the demise of nationalism. This collection identifies the major issues in Africa's foreign and development policies and prospects as she enters the 1990s.

This book discusses the feasible breakthrough of emerging economy enterprises in participating the international division of labor led by developed countries and gradually standing at the top end(s) of the value chain based on a deep understanding of the practice and upgrading opportunities of Chinese enterprises. On the basis of re-understanding the theory of global value chains, this book puts forward and expounds the concept of restructuring the global value chain. This book analyzes the background,motivations, paths and effects of enterprises in emerging economies to reconstruct the global value chain and develops a theoretical system to explore the deep-seated logic behind enterprise upgrading. This book concludes that the transformation and upgrading of Chinese enterprises are the most critical initiatives in seeking a new balance in the world economy. This book involves dozens of manufacturing enterprise cases in Chinese mainland and Taiwan. It is of great value to the research and policy study of enterprise upgrading and the participation in global competition.

This collection of essays introduces the thriving illicit industries and activities within the global economy whose growth challenges traditional notions of wealth, power, and progress. Through essays contributed by leading experts and scholars, "Deviant Globalization" argues that far from being marginal, illicit activities are a fundamental part of globalization. Narcotrafficking, human trafficking, the organ trade, computer malware, transnational gangs are just as much artifacts of globalization as are CNN and McDonald's, free trade and capital mobility, accessible air travel and container shipping. In fact, almost every technology, process, and regulation that enables mainstream globalization is an enabler of deviant globalization. This unique book explains why understanding deviant globalization as a systemic and integral part of globalization is crucial for setting up policies that will maximize the benefits of globalization and minimize its ill effects. Going beyond the usual pro/con arguments about globalization, "Deviant Globalization" seeks to initiate a critical debate about the choices it presents to governments, firms, supra-national organizations, and individuals. An accessible treatment of the underbelly of globalization, the book offers a systematic treatment of the difficult policy choices that it creates and describes a much more complex and symbiotic relationship between illicit and mainstream globalization.

This book is the outgrowth of the editors' conviction that there is a need for a current and comprehensive examination of international economic issues within the framework of institutional economics. The volume covers the most important international topics that institutional economists historically have addressed. We hope that our initiative and necessarily limited choice of subjects will encourage additional applications of institutional economic theory to the international economy. For other economists, the analyses contained in the volume's dozen chapters afford an opportunity to become more aware of the theoretical work and policy recommendations of institutional economists. It may be surprising that, to an extent, evolutionary and neoclassical thinking converge and even sometimes overlap on the matter of trends and problems of the international economy. A case in point is the increased attention both schools devote to the role of technology in shaping patterns of world trade and specialization. In the past few decades, global shifts in comparative advantages, the widespread adoption of more flexible exchange rate systems, and the remarkable shifts in institutional arrangements and policy regimes in the former Soviet Union and East Asia have compelled a reassessment of conventional static trade theories based on neoclassical assumptions. Links among trade, international investment, and the diffusion of economic growth are being more closely scrutinized and better understood. This volume is an effort to expand and stimulate this discourse on the economics of international relations, including global economic development."

Recent cataclysmic changes in the international economic order are shaping the global policy changes of the 1990s. In his final collection of essays, Belta Balassaa examines the implications of these recent changes for developed, developing and reforming socialist economies. Essays on the developing countries cover development strategies, adjustment policies, the public sector and financial liberelization. Essays on the reforming socialist economies cover econmic integration in Eastern Europe, foreign economic ties of the Soviet Union, and the use of indicative planning. Trade policy negotiations are covered in several essays on GATT negotiations and on hte consequences of the EEC enlargement. The volume closes with selected essays on trends in economic policies.

Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short run and Keynesian for the long run' (investment being too important for growth to be left entirely in private hands).

This book offers a sharp, critical analysis of the rise and fall of the 2019 anti-extradition bill movement in Hong Kong, including prior events like Occupy Central and the Mongkok Fishball Revolution, as well as their aftermaths in light of the re-assertion of mainland sovereignty over the SAR. Reading the conflict against the grain of those who would romanticize it or simply condemn it in nationalistic fashion, Vukovich goes beyond mediatized discourse to disentangle its roots in the Basic Law system as well as in the colonial and insufficiently post-colonial contexts and dynamics of Hong Kong. He examines the question of localist identity and its discontents, the problems of nativism, violence, and liberalism, the impossibility of autonomy, and what forms a genuine de-colonization can and might yet take in the city. A concluding chapter examines Hong Kong's need for state capacity and proper, livelihood development, in the light of the Omicron wave of the Covid pandemic, as the SAR goes forward into a second handover era.

This timely and highly relevant book refocuses the discussion on supply chain innovation for an era of unprecedented challenges and opportunities in global supply chain operations. This third edition builds upon the ideas explored by the author in Competitive Supply Chains (2007, 2016), featuring new content and analysis, new case studies and a complete reassessment on the impact of new technologies, ESG requirements, and geopolitical challenges. Featuring case studies from European and Asian companies, this book is an essential resource for researchers and students of supply chain and operations management.

The global economy is still experiencing the effects of the worst economic crisis since the Great Depression of the 1930s. Over the last three years economies worldwide have slowed and international trade has declined. Most importantly, the crisis has negatively affected the lives of ordinary people, creating a sense of uncertainty about the future and thus posing a direct threat to social cohesion, thus posing new challenges to political leadership. Climate change is also forcing the developed world to formulate a common strategy that will balance growth and environmental protection. The aim of the book is to examine these international trends and comprehend the transformations that take place internationally. The multi-authored work presents several accounts on the course of vital aspects of politics and economy. As a result, the contents of the book focusses on four main subjects: 1) global economic crisis and its consequences, 2) economic governance, 3) political leadership, and 4) climate change.

This book tells the story of Holocaust survivor and prominent banker Marcel Goldman, born in Krakow in 1926. Goldman started his studies in economics in Krakow and completed them in Israel, where he became a respected banker. In telling his story, this book analyzes Israel's social and economic development, its causes and circumstances. Following Goldman as our main character, we take a close look at the birth of the private banking sector and the building of modern economy in Israel. The book also describes the life of Polish Jews in Israel in general, the way in which they settled there, and built the prosperity of the state. The story of Marcel Goldman is an example of how Israel's success is the sum of its citizens' successes.

The book discusses contemporary issues such as global financial architecture and regulatory practices, trade, investment and the multilateral process, the future of work, the role of technology for adaptation and mitigation of climate change, and financing infrastructure for sustainable development. With increasing global connectivity, events in one part of the world immediately affect or spread to the other parts. In this context, G20 has proved to be an effective forum, particularly after the Asian financial crises. Furthermore, over recent decades, G20 has been instrumental in managing financial crises and international conflicts by deploying global cooperation as a functional tool. As a body responding to crises, the G20 has played a central role in providing the political momentum for the strong international cooperation that ensured greater policy coherence and helped ease situations that could otherwise have been decidedly worse. The G20's agendas have encompassed short-term but critical issues of economic recovery, the sovereign crisis of Europe, high unemployment and financial sector regulation. But since moderate stabilization in the global economic environment, the focus of the group has also embraced long-term areas of governance and development. For emerging economies, such as India, the G20 has been an important platform framework to promote an inclusive global economic architecture that seeks to achieve equitable outcomes. This book reviews the past 20 years of the G20, since it was conceptualized as a replacement for the G-7. While issues such as global financial order have been a constant area of discussion, one of the failures has been not recognizing and acknowledging the importance of issues like trade, climate change and future of work. Featuring academic papers by experts in the area, this book provides a platform for the necessary discourse on these issues.

A jaw-dropping microhistory of the global economy over the last fifty years told through the many lives of a single ship.

At 94 meters long and 9,500 deadweight tonnes, once called the Bibby Resolution, is an unremarkable hulk, crossing the oceans unnoticed. And yet, the astonishing journey of this boat can tell us the story of the modern world.

First built as a Swedish offshore oil rig in the 1970s, it went on to become a barracks for British soldiers in the Falklands War in the 1980s, a jail off New York in the 1990s, a prison in Portland in the 2000s, and accommodation for Nigerian oil workers off the coast of Africa in the 2010s. It has been called Safe Esperia, HMP The Weare, even 'The Love Boat'. In each of its lives this empty vessel has been commanded by economic forces much larger than itself: private investment, war, mass incarceration, imperial interests, national sovereignty, inflation, booms, busts and greed.

Through its encounters with a world of island tax havens, the English court system, exploited labour forces, free banking zones or immigration politics, the ordinary boat at the heart of this story reveals our complex modern economy to us, connecting the dots of a dramatically changing world in the making, and warning us of its dangerous consequences.