National economies are linked through flows of capital and goods. This book addresses those linkages, analyzes their benefits for economic development, and evaluates a country's opportunities to reap the best possible rewards by influencing the linkages. The book focuses on the role of product characteristics in international economics and their impact on economic development. After an introduction to the topic, it analyzes the influence of product sophistication on growth, and offers alternative means of measuring product characteristics. In turn, the book provides evidence for the impact of foreign equity on the characteristics of the products that firms produce. Moreover, it presents empirical findings that prove that the quality of a country's legal and institutional framework is influenced by said country's predisposition to trade rule-of-law-intensive goods.

This book integrates important milestone cases with new analyses to provide comprehensive coverage of environmental law and economics. It covers important international topics, including interactions of global environmental features and public/private health, economics of the institutions for optimal environmental management, extension of the Polluter Pays Principle to the global arena (including international trade), improved approach to the usage of cost-benefit analysis methods, economic or environmental decision-making under risk aversion and uncertainty, integration of operations in world trade and finance with the ecology and economics of the environment, objective treatment of methods of compliance, and dispute settlement procedures in the international environmental disputes arena.

In the last half of the 20th Century, the world economy has benefited from a globalization process driven by the enlightened confluence of technology, innovation, trade, and foreign direct investment. This book broadens our understanding of that process. Opening with a review of current global economic metrics and the significant differences between advanced and developing nations, the book goes on to discuss the globalization paradigm and the forces driving it. Discussing the importance of new ideas and new technology in continued economic growth, the volume shows how the protection of intellectual property encourages innovation. Also covering the evolution of international trade, the book reviews trade distortions from both external and internal sources, comparing trade on a multilateral, non-discriminatory basis with alternative trade practices, such as free trade and custom unions. The work also reviews the origins and functions of the new World Trade Organization. Describing the rapidly growing practice of foreign direct investment, the book shows how FDI is closely linked to international trade and concludes with a review of the important function FDI can play in the bundling and delivery of the resources required for accelerated economic development of the emerging world.

U.S. Foreign Policy and the New International Economic Order is an authoritative account of the development of U.S. policy toward the New International Economic Order (NIEO) from its inception in 1974 through the Eleventh Special Session of the General Assembly in August-September 1980. Olson concentrates on the latter stages of the North-South dialogue, analyzing U.S. policy in the context of broad foreign policy objectives pursued since the end of World War II and also in light of the events of the seventies and the 1980 Soviet invasion of Afghanistan. On the premise that policy is, ultimately, what happens at the negotiating table, he also specifically examines the record of U.S. negotiations on the Common Fund, UNCTAD V, and other major North-South meetings during 1979-1980. This material, together with an examination of how policy is made within the U.S. bureaucracy, who makes it, and why, provides fresh insight into a complex process. Olson seeks to determine if and to what extent U.S. policy serves basic U.S. interests and whether the negotiating process has been an effective medium for global problem solving. He concludes that althought U.S. policy and practice do serve traditional U.S. foreign policy interests, the political cost is high. He also concludes that NIEO negotiations have not been an effective means for global problem solving and that rapid change in political and economic realities has rendered obsolete the basic concepts - the very mechanisms for problem solving - on both sides.

Ideological and cultural factors do not define or influence the way labor relations are conducted in China's workplace, as many suppose they do. Oakley shows that the impact of the global market has significantly altered the way labor relations are actually practiced in China, which follows what she calls a global market paradigm. Nevertheless, Maoism and Confucianism continue to influence labor relations in China, and the ideological and cultural remnants still to be found could affect China's relations with other nations for years to come. Instead of taking a macro-level, industrial-relations approach common to other studies of Chinese labor, Oakley provides an in-depth look at the problems emerging on the shop floor, in the wake of economic reform. She provides translations of actual case histories, each of which details the causes of disputes, the various methods that were found to resolve them, and their eventual outcomes. At a broader level of analysis, her book tends to support convergence theories, of which globalization is the latest, proving that there are other features in contemporary market labor relations that have emerged in China in direct response to the demands of global competition. The result is a superbly detailed examination of a topic too little covered and seldom well understood.

Oakley begins by considering the features of market labor relations and the emergence of a globalization-friendly style, in both Western and Asian economics. She continues with an analysis of the ideological and cultural dimensions of the relationship between managers and managed. In the next three chapters, she discusses the causes, resolution methods, and labor dispute outcomes. In each case she refers to the evidence of market, Maoist, and Confucian influences. The conclusion she draws is that while Confucian ideas and traces of Maoism continue to have an impact on the development and resolution of labor disputes in post-reform China overall, Chinese labor relations conform to the demands of the global, not the provincial, marketplace.

The word village has the evocative power of ancient shared social values based on solidarity, equality, and common expectations for the betterment of life. The book's title is borrowed from McLuhan's apt metaphor, but questions its underlying assumptions. The contributors recast some of the basic elements of the complex phenomenon of the so-called globalization. Trade laws, industrial relations, economic and political systems are analyzed in a critical perspective. Moreover, environment and sustainable development, languages' rights, education, mobility and migrations are discussed in view of contemporary changes that societies are undergoing throughout the world. The vulnerability of societies caught up in new networks of interdependence due to reduced distances also are put to the fore, in the context of the new accelerated circulation of information, ideas, goods, and human beings. Provacative reading for scholars interested in a multinational, Euro-Atlanticist perspective on globalization.

The international discourse is most recently focused on some negative outgrowths of world economy, especially after the Seattle Round (December 1999) and its unexpected uprising of protests. The researches of the Center for Euro-Atlantic Studies (University of Genoa), in cooperation with scholars from Europe, Canada and the United States, offer in this collection of essays a multinational contribution which is part of their work in progress on the multifaceted issue of the contemporary global village. The book features some optimistic outcomes, and some worries about what the new millennium will not achieve, despite the common and transnational efforts, that is to say a fair re-distribution of resources to reach what R. W. Fogel defines a post-modern equality, based on values as well as on material wealth. In sum, the essayists wonder if some of the hidden promises of globalization will develop in a better new century.

With the bursting of the econmic bubble in the early 1990's Japan's public and private sectors have undergone dramatic change. William Farrell analyzes the economic superpower's turmoil in the political, bureaucratic and business arenas and offers a candid look at opportunities and strategies now open to U.S. business in Japan. A practical compendium of useful and up-to-date information, this book cuts through the stereotypical fog and is a valuable resource for business people, policy makers, and academics.

Despite the recent economic crisis, Japan still accounts for two-thirds of the entire Asian economy. However, in 1998, unemployment reached an historic high, the stock market plummeted, financial institutions were failing, and bankruptcies were a daily occurrence. William Farrell analyzes the discord in the political, bureaucratic, and business arenas and offers a candid look at opportunities and strategies now open to U.S. business. This timely book allows the reader to comprehend and act upon these public and private sector changes taking place in one of the world's largest economies.

Former Vice President of the United States and Ambassador to Japan, Walter F. Mondale, provides a foreword. The book also includes a comprehensive chronology of key events from 1994 through to the present. The connections between Japanese business and government are shown in graphic form. The recent history of the Japanese economy is revealed with a fascinating look at the inner working of the nation's most influential organizations. Additionally, U.S. and Japanese leadership and decision-making styles are compared, and the myth of a never-changing Japan is challenged. After reviewing and analyzing these key issues, the concluding chapter discusses how one becomes a participant in the process and identifies emerging opportunities. As a practical resource of useful and current information, this book cuts through false predictions of doom and demystifies the complexity of the Japanese bureaucracy.

The inclusion and factoring of political risk into accounting and non-accounting decisions is crucial if multinational firms are to avoid negative consequences ranging from unprofitable business environments to the outright expropriation of their assets. In a work that will be of particular value to professionals and academics in international and domestic finance, accounting, and management, the authors examine the characteristics of environments that give rise to political risk, explore the relationship between low economic growth and high political risk, and differentiate between definitions and forecasting models of political risk. They also provide a unique forecasting model to explain and predict risk, and they suggest alternative strategies for managing political risk.

Providing an insider's examination of China's economic reform and its political implications, this text uses wide ranging primary materials, including interviews, surveys and author's own recollections of Deng Xiaoping and Zhao Ziyang. It aims to shed new light on the Chinese approach to reform, including its dual goal, dynamic gradualism and reform leadership. It assesses the vast social and political changes set forth by the reform, especially multiplying socio political problems, and the international ramifications of China's rise.

This very readable book is aimed at both ordinary concerned citizens and people with a bit of sophistication about economics. It is a systematic examination of why free trade is slowly bleeding America's economy to death and what can be done about it. It explains in detail why the standard economic arguments free traders use all the time are false, and what kind of economic ideas - well within the grasp of the average American - justify protectionism instead. It examines the history and politics of free trade and explains how America came to adopt its present disastrous free trade policy. It looks at the breakdown of specific industries and how we can rebuild them and bring millions of high-paying jobs back to this country. It examines what's wrong with NAFTA, CAFTA, the WTO, and the proposed Trans-Pacific Partnership. It is sharply critical of the current establishment, but from a bipartisan point of view, so it should satisfy progressives, conservatives, and everyone in between. Unlike many past critiques of free trade, it is economically-literate; it also explains New Trade Theory, the hot new area of economics that critiques free trade.

Recent years have seen a lively debate over the role of tacit knowledge and interactive learning in privileging the local over the global. Yet, our continuing inability to answer questions such as 'when and why is the local important in production and innovation processes?' indicates that our understanding of the firm and the forces that shape its managers' choices remains weak. Such a theory ought to be able to answer fundamental questions like: why do firms in particular places adopt particular production and innovation practices, and not others? What forces determine what a firm 'knows' and when it is able to act upon this knowledge? How easy is it to transfer this knowledge between places? This book presents a new conception of industrial practice and firm behaviour. It explains how the cultures that shape the practices of firms and the trajectories of regional and national economies are actually produced. The analysis shows how the internal and inter-firm organization of production, use of technologies, and the industrial knowledge underpinning these practices are strongly influenced by their social and institutional context. Routine forms of behaviour are not simply inherited from past practice. Instead, they are shaped and constrained - though not wholly determined - by a set of institutions that govern how work is organized, workers are deployed, and technology is implemented. Because of the slowly evolving nature of these institutions, distinctive national 'models' are not converging around a single global norm.

Russia is one of the world's largest emerging economies. With economic development come technological revolution, growth, and change at every level of society. In Tech, Smart Cities, and Regional Development in Contemporary Russia, editor Bruno S. Sergi brings together expert contributors to explore, and explain, these changes. With chapters on FinTech, the cost of technological growth, and innovation risk management, the contributors grapple with ideas about technology and the intertwined issues that Russia faces in the 21st Century. It includes a wealth of information on today's Russian technological revolution, the overall roles of regional capitals and smart cities, and the role of Russian growth at the regional and international level. Looking across modern Russian development and growth strategies, constraints, and challenges, these chapters follow on from two volumes by the same editor: Exploring the Future of Russia's Economy and Markets: Towards Sustainable Economic Development (2018), and Modeling Economic Growth in Contemporary Russia (2019). Together, the trilogy is essential reading for students and researchers of contemporary international economics, Russian economic affairs, and emerging economies' development.

The emergence of a world economy depends on the reorganization of agriculture and food systems to provision the work force and the industries associated with the division of labor. This work emphasizes the central role played by food and agriculture in the world economy. The book includes a historical dimension along with the formulation of the challenges that face the world today. Social scientists of all kinds, but especially economists, sociologists, environmentalists, and political scientists, should be interested in this volume.

This book is the result of recent research by contemporary scientists on topics which were discussed at the conference of the same name in Volgograd, Russia in April 2017. The global economic system is currently in a stage of active formation and development: its boundaries and conditions of existence are constantly changing, which is accompanied by crises that influence the economic systems of its member countries. In order to solve problems emanating from global economic crises, a new direction was formed in modern science - global crisis management. Development of this direction requires the formation of the accompanying categorical apparatus, the development of a corresponding scientific and methodological basis, and the engagement in extensive practical research.

The concept of an information economy is considered by some to be a new branch of economic theory, and by others as the next stage of development for an economy post-industrialization. Leading and developing economies are seeking to quickly develop a functional information economy in order to help overcome the consequences of the global financial crisis and ensure high global economic competitiveness. This book analyzes modern conceptual models of information economies, highlighting and examining their systemic contradictions and failings. It explores the disconnection between the readiness of the technical infrastructure for forming and developing the information economy, and an unprepared institutional and societal structure that is therefore unable to implement these processes and models. The editors present different approaches to solving these methodological and practical contradictions and lay out future models across different international contexts. They also provide recommendations for optimizing their theoretical model and improving its implementation in modern economic systems.

This insightful book explores the intense and ultimately fleeting moment in 1980s America when the future looked Japanese. Would Japan's remarkable post-World War II economic success enable the East Asian nation to overtake the United States? Or could Japan's globe-trotting corporations serve as a model for battered U.S. industries, pointing the way to a future of globalized commerce and culture? While popular films and literature recycled old anti-Asian imagery and crafted new ways of imagining the ""yellow peril,"" and formal U.S.-Japan relations remained locked in a holding pattern of Cold War complacency, a remarkable shift was happening in countless local places throughout the United States: Japanese goods were remaking American consumer life and injecting contemporary globalization into U.S. commerce and culture. What impact did the flood of billions of Japanese things have on the ways Americans produced, consumed, and thought about their place in the world? From autoworkers to anime fans, Consuming Japan introduces new unorthodox actors into foreign-relations history, demonstrating how the flow of all things Japanese contributed to the globalizing of America in the late twentieth century.

A growing number of companies are opting to perform increasing types of professional services in foreign countries, creating, for some companies, unprecedented opportunities to reduce costs and nucleate strategic relationships, while, for others, representing a major threat to current prosperity. ""Outsourcing and Offshoring of Professional Services: Business Optimization in a Global Economy"" discusses the considerations and implications surrounding the outsourcing and offshoring of professional services, such as software development computer-aided design, and healthcare, from multiple global perspectives. This Premier Reference Source, offering industry professionals, policymakers, students, and educators with a balance between a broad overview and detailed analysis of offshore outsourcing, is an invaluable addition to academic, research, and corporate libraries.

More than half of the world's sovereign states are small economies. The majority are in sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This book discusses the advantages and pitfalls of different strategies for small developing economies to become more integrated into the world economy. It should help with the formulation of a coherent and effective policy response.

"This book is a significant contribution to . . . broad political thought, one that should stimulate a great deal more."
--"New Political Science"

"His most innovative contribution is to fuse sociological theories of civil society with corporate law."--"Social Control and Law"

The corporate mega-mergers of the 1980s and 1990s raise many troubling questions for social scientists and legal scholars. Do corporate globalism and the new, streamlined corporation help or hinder the development of civil society? Does the new power that increasingly deregulated businesses wield undermine the rights of citizens, or is this threat being exaggerated? Who has the authority to get things done in a corporation's name and who can be held legally responsible for a corporation's misbehavior? What role, if any, should the courts play in strengthening the rights of individuals who challenge the actions of big business?

David Sciulli maps the legal limits of corporate power in our democratic society, and explores the role of the corporate judiciary in creating public policy. He argues that the judiciary must be more vigilant and act to curb corporate abuses. He demonstrates that when corporations exercise their private power in civil society, they are just as capable as the state of exercising it in ways that are dangerous, arbitrary, and challenge the basic institutional arrangements of society. Finally, Sciulli calls for sociologists to involve themselves more deeply in issues of corporate governance and commit their discipline to influencing the decisions of the courts.

In "Systemic and Borderline Banking Crises," a well-respected doctor of economic sciences shares his comprehensive analysis of the genesis and growth of the systemic banking crisis in many countries, providing a useful resource for students, lecturers, and bankers who wish to broaden their study of economics.

Irakli Kovzanadze is an economics professor who possesses more than twenty years of professional experience in the banking institutions of Georgia, other post-Soviet countries, and Europe. While presenting a summary of both the theoretical and practical approaches, addressing the causes and progression, and providing ways to forecast and prevent future banking crises, Dr. Kovzanadze delves into a series of related topics including: Types and forms of manifestation Role of monetary and credit policies in averting and overcoming a crisis Systemic banking crises in other countries and transitional economies Function of regulations and how they can create a sustainable banking system Principles of establishing a deposit insurance system in Georgia

This study relies on research material reflective of the experiences of different countries and regions of the world to provide not only an in-depth look at Georgia's current banking challenges, but also the ways to prevent a future crisis.

Globalisation and Interdependence in the International Political Economy addresses central developments within the contemporary international system. The notions of interdependence and globalisation that have accompanied the political discourse of 'a new world disorder' are replete with definitional ambiguities, theoretical difficulties and empirical complexities. Barry Jones offers a critical review and analysis of these concepts, their significance and place within the wider debates of international political economy. He argues that contemporary conditions are complex, with regionalising tendencies cross-cutting those of increasing globalisation, and 'national' impulses surviving even in the face of powerful 'internationalising' forces. Future developments, it is concluded, may also be far more uncertain and turbulent than is widely anticipated. Written by a leading authority, this volume is an effective and compelling introduction to the complex study of international political economy.

The EMU debt crisis that emerged in 2010 has identified a group of Southern countries, especially Greece, Portugal, Spain and Italy, as low performers exhibiting several serious macroeconomic imbalances, and it has also highlighted that EU integration experienced by Eastern European countries (especially the latter-comers to EU) was not accompanied by a rapid process of real convergence. Since then, the research about the effects of peripherality have regained a renewed interest to ultimately ground better regional policy recommendations aimed at achieving a sustained reduction of income per capita disparities across EU regions. In this new work, Pascariu and Duarte, along with an international group of acclaimed scholars, delve into key challenges currently facing the European Union. They investigate this central question: does the domestic market system lead to the development of a center-periphery model, by highlight gaps, or does it support the convergence process? Analyzing the effects of peripherality across the EU regions, a two-fold approach is used to deliver policy recommendations grounded in economic theory, and of interest to other countries and regions facing a process of integration.

Bowditch refuses to see African nations as basketcases on a continent of despair; instead, he examines Ghana as a country of potential opportunity in an economically emerging continent. He explores a new generation of issues around the connection between cultural values and behavior to provide international investors, Ghanaians, and others with a better understanding of the Ghanaian--and African--business environment.

Drawing upon some seven years of living and working in Ghana, Bowditch provides several different contemporary vantage points on sub-Saharan Africa's first independent nation. First examining the core cultural values of the Ghanaian people, he then looks at Ghanaian business practices. The result is an indepth look at how Ghanaians approach life, business, religion, and family, how that directly impacts the way they manage their institutions, and how that differs from prevailing international business behavior. Bowditch then probes these cultural differences and the frequently overlooked racial preconceptions that impede relations and collaboration between Ghanaians, other Africans, and Westerners. Through his unusually intimate exploration of Ghanaian life, values, business thinking, and management culture, Bowditch brings the reader full circle, answering the question: can Africa become an economic lion?