Eleonora Poli analyses how ideas and material interests have come to determine the evolution of antitrust policies in the USA, EU, Japan and BRICS. She argues that three major economic crises together with market globalisation have changed governments' perceptions of market competition, giving rise to a neo-liberal global phase.

This volume deals with the role and impact of technology on the economy and society. The papers on corporate dimensions address the impact of patents, determinants of innovative activities, differential behaviour of multinationals, industrial groups and other firms with regard to innovations and technology. In contrast, the papers on social dimensions chiefly deal with the role of technology in reducing inequality. The majority of the papers employ econometric techniques and other statistical methods, and many are based on primary data. The studies emphasise the importance of innovations (especially patents) and human capital in influencing productivity across Indian states, the significance of patenting in determining the efficiency of firms, the role of business groups in promoting innovations, differences in the technological characteristics of multinational and domestic firms, and how mergers and acquisitions can promote R&D. The papers on social dimensions analyse how innovative activities can shape employment, the impact of technology on poverty, the socioeconomic characteristics of mobile phone ownerships, use of information and communications technologies at educational institutions, and the influence of Synchronous Technologies in reducing access to teaching programmes. The studies show that those Indian states that have invested in human capital and technology experienced higher labour productivity. Further, the studies establish a positive correlation between R&D spending and employment. Lastly, they demonstrate that the adoption of agriculture-related technologies can have a significant impact on rural poverty and consumption expenditures.

This encompassing study traces the issues of international cartels from the early days of World War II through the occupation of Germany and Japan. It focuses attention on the Justice Department's Economic Warfare Section as it utilized its resources in uncovering economic and strategic information that could be used in the war effort, such as the selection of economic bottlenecks for bombing. Maddox examines how cartels such as I. G. Farben, Carl Zeiss, the Steel Cartel and others worked to harm U.S. strategic interests, and he details how cartel agreements allowed the Japanese to acquire critical technologies and strategic materials. Using newly released Justice Department records, this thorough investigation of decartelization captures the debate over implementation of the policy issues.

These exposures by both the Justice Department and the Kilgore Committee ultimately helped stimulate debate over the economic treatment of enemy nations in the postwar period. Despite an Allied decision in Potsdam to apply decartelization and deconcentration policies to Germany and Japan, the decartelization policy ran into difficulty in Germany with blatant attempts by the American Military Government to subvert it. Events in Japan followed a similar path. After first taking on the zaibatsu and other cartel-like business practices, policy would be reversed.

Economics, Dominique reminds us, is a social science, with prescriptions that are statistical in character but inherently polemical. In contrast to the laws of the natural sciences, economic statements, meaningful as well as meaningless, can be transformed into a vehicle for the promotion of false consciousness, as when the polemical prescriptions of social sciences are used to promote unavowed interests. The axiomatization of economics in the early 1950s, though well-intended, has produced two negative consequences: the equation of science and mathematical formalism by some, and a total lack of concern for experimentation on the part of others. These translate into excessive abstraction, empirical irrelevance, and a total lack of social purpose.

Dominique argues that excessive abstraction is causing economics to gradually lose its social usefulness. This state of affairs has, in turn, led the general public to accept at face value the prescriptions of an untested orthodoxy, such as unfettered globalization, as genuinely scientific. In the era of unfettered globalization, the top 20 percent of the world's income earners have become richer while the bottom 80 percent have become impoverished and environmental degradation has gone unabated. Dominique argues that, according to the scientific theory of economics, the top quintile must pay the costs and the bottom four quintiles ought not bear alone the brunt of globalization. To reverse this outcome, the bottom 80 percent must become pro-active in economic policy formulation. A challenge to contemporary development and economic policy that will be of interest to economists, public policy makers, the international business community, and social activists.

Multinationality, or the degree of internationalization, has favorable financial results and implications. Highly valued by the market as a hidden asset, multinationality is related to earnings management, systematic risk, capital structure, and growth opportunities as measured by the investment opportunity set. Riahi-Belkaoui examines the performance results of a multinational strategy and concludes that multinationality can be quantified and does play a significant role in keeping a firm healthy and growing. His book is a far-reaching examination of the data and a persuasive argument for why firms should make multinationality a critical part of their overall business strategy.

Riahi-Belkaoui presents research results supporting multinationality. He confirms that the market reacts more favorably the larger (smaller) cash flows are (accruals), and he shows that the preference of cash flows over accruals will increase under conditions of high multinationality and high reputation. He argues that the level of multinationality affects net income and net worth and thereby, political costs and risk. Analyzing the association between multinationality and systematic risk as measured by the market model beta, he finds that systematic risk is positively related to the level of multinationality after controlling for corporate reputation and other factors. He examines the role of multinationality and profitability as determinants of the investment opportunity set and considers whether a firM's investment opportunity is associated with corporate financing. Finally, he investigates whether disclosure policy, level of economic risk, and the nature of the alignment of financial and tax accounting explain differences in financial analysts' forecast error internationally. The book concludes with a model of the determinants of the investment opportunity set of multinational firms.

William G. Martin's Semiperipheral States in the World-Economy diverges sharply from past international labor division interpretations of semiperipheral development. Martin emphasizes the importance of each country's individual conditions. Linking each example, however, is the theory that there is a relatively rare set of conditions that make economic, political, and social advancement of the semiperipheral states successful or even possible. Martin and the contributing writers present the thesis that mobility of semiperipheral states to the core world-economy is a very rare phenomenon. Indeed, they even go so far as to suggest that it is the very set of social and institutional ruptures that were necessary to achieve semiperipheral status which often create the social and political forces that prevent any further advance. Economic pressure from core nations and intense competition within the semiperiphery are cited as being foremost among these factors. Such general topics occupy the first few chapters of the book, while the later chapters examine specific semiperipheral countries in depth. The final interpretation provides a better understanding of this segment of the world-economy and of the transformational possibilities of the capitalist world itself. Students of both world-economy and the social and political conditions of the semiperiphery will find this an invaluable study.

This uniquely interdisciplinary volume analyzes the challenges posed by the heterogeneity of the world where radically different players are crammed into increasingly limited political, commercial, social, and ecological space. The rapid rise of Communist Party-ruled China is posing serious challenges to the postwar politico-economic architecture dominated by the United States. Russia, once expected to become a partner of the liberal Western international order, has started behaving in an increasingly unilateral fashion. The developing world is more characterized by failed governance rather than convergence to liberal democracies as was hoped by many Western authors. Given links provided by low-cost carriers, the Internet, and trade and investment, we simply cannot shield ourselves from influences, whether benign or malign, from neighbors on this planet.The authors, including political scientists, economists, social physicists, and experts on complexity theory and informatics, examine how interactions among actors with different properties can cause problems, and they analyze risks resulting from the interactions. While employing a variety of approaches to address topics such as economic interdependence among democracies and authoritarian states, the development assistance regimes, internal conflicts in developing countries, and cyber security, the whole volume presents a clear overview of challenges and risks the world is facing. This work makes a valuable contribution to students of social sciences as well as to practitioners interested in the emerging global order.

Entrepreneurs, technical experts, professionals, international students, writers, and artists are among the most highly mobile people in the global economy today. These talented elite often originate from developing countries and migrate to industrial economies. Many return home with new ideas, experiences, and capital useful for national development, whilst others remain to produce quality goods and services that are useful everywhere in the global economy.
The economic potential of globalization is ultimately dependent on the international mobility of highly talented individuals that transfer knowledge, new technologies, ideas, business capacities, and other creative capabilities. Developing countries and advanced economies may both gain from this mobility if it is effectively and smartly managed. This volume, with original contributions from outstanding international experts in the subject, provides a novel analysis of the main determinants and development impact of talent mobility in the global economy.

The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. -- .

A former Senior Deputy Secretary of Information in Pretoria shows how U.S. economic and trade sanctions against South Africa brought about radical political change there. This insider history describes how commercial, cultural, and diplomatic punitive measures over almost 40 years transformed the social and political system of the nation and brought about the demise of apartheid policies and the elections of 1994. This lively, timely, and thought-providing account, easy-to-read and well-written, will interest students, teachers, and general readers concerned with international affairs, global economic relations, and world history.

As a participant in the events in South Africa, de Villiers uses a wide range of primary and secondary sources and oral testimony in his critical examination of the efforts of various anti-apartheid and prosanctions groups and shows how devastating formal and informal measures can be. He provides a perspective also for understanding the new bilateral relationship between South Africa and the United States today and the effectiveness of sanctions as a foreign policy tool. This lively, timely, and thought-providing account, easy-to-read and well-written, will interest students, teachers, public policymakers, businessmen, and general readers concerned with international affairs, global economic relations, and world history.

Development Corruption in South Africa examines governance matters with a focus on corruption. This rich empirical body on governance variables and governance performance is a welcome addition to South African government literature.

With real case stories, Wells and Ahmed bring to life both the hopes for and the failures of international guarantees of property rights for investors in the developing world. Their cases focus on infrastructure projects, but the lessons apply equally to many other investments. In the 1990's inexperienced firms from rich countries jumped directly into huge projects in some of the world's least developed countries. Their investments reflected almost unbridled enthusiasm for emerging markets and trust in new international guarantees. Yet within a few years the business pages of the world press were reporting an exploding number of serious disputes between foreign investors and governments. As the expected bonanzas proved elusive and the protections weaker than anticipated, many foreign investors became disenchanted with emerging markets. So bad were the outcomes in some cases that a few notable infrastructure firms came close to bankruptcy; several others hurriedly fled poor countries as projects soured.
In this book, Louis Wells and Rafiq Ahmed show why disputes developed, point out how investments and disputes have changed over time, explore why various firms responded differently to crises, and question the basic wisdom of some of the enthusiasm for privatization. The authors tell how firms, countries, and multilateral development organizations can build a conflict-management system that balances the legitimate economic and social concerns of the host countries and those of investors. Without these changes, multinational corporations will lose profitable opportunities and poor countries will not gain the contributions that foreign investment can make toward alleviating poverty.

As the way work is done changes and as organizations flatten themselves down in response to demands posed by the new global economy, managers on the front lines, where some say the real work is done, need a broader set of skills than ever before. They must learn to see their jobs differently--to become tougher and more durable--but they must also become more flexible in how they interact with the organization itself and its changing work and economic environments. The authors emphasize key tasks that front-line managers must do today, such as strategic planning, budgeting, quality management, and benchmarking, and how they must focus attention on their customers, until now far removed and perhaps out of mind. They must also recognize the need for effective information systems and find ways to align their immediate work units with larger organizational strategies and processes. In short, the authors offer essentially a new paradigm for the way management should now be practiced in a far-ranging book that today's managers will need to keep pace with changes that could threaten their careers, and a book that offers others on the way up a way to start their own careers on the right foot.

Becoming an effective front-line manager starts with understanding the job. The authors begin with a comprehensive look at what it means to be a front-line manager and the special challenges they face. They must become all things to all people, say the authors, and at the same time consider other, perhaps unfamiliar challenges, such as safety and health concerns. Front-line managers today must also learn to grow and adapt to changing work environments. The authors present an extensive view of these new tasks and roles and detail the ways in which front-line managers can address and overcome the obstacles they will find. The book is a readable, thought-provoking study of special interest to teachers of general management courses on the undergraduate and graduate levels.

Combining impartial analysis with reliable facts and figures, this fully revised and updated 24th edition provides up-to-date commentary on these vast North American nations. General Survey Essays by leading experts analyse topics of regional importance, including: - US-Canadian integration, US foreign policy in the Arctic region, and the COVID-19 pandemic in North America. Country Surveys Each country is dealt with in greater detail within its own section. Country chapters include: - a chronology of political events - essays covering key socio-political and economic themes, including: recent political developments; foreign policy; constitution; the economy; energy policy; agriculture; trade; health and social policy - additional essays examining timely subjects such as religion in US politics and the US Judicial system - historical, political and economic surveys of each of the US states and Canadian provinces and territories - statistical surveys of economic and demographic indicators - comprehensive directory sections covering public affairs, the economy and society, which provide contact details and other useful information for the most significant institutions in the region.

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina's defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes' original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.

This volume fills an important gap in the existing economic literature. While much has been written about Japan's pre-1990s institutions and economic performance, this text is unique in its forward-looking orientation - trying to understand not only the institutional and structural changes that have already reshaped Japan in the 1990s, but to identify the critical trends and institutional changes that will mould Japan's new economy over the next decade.

This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions.
The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods.
The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior.
For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

This book is the first study to examine the issue of the legality of parallel imports of trademarked goods under the most important legal systems on an international level, namely under GATT/WTO law, EU law and the laws of the ten major trading partners of the European Union. Part I consists of a general approach to the phenomenon of parallel importation and of a presentation of the theories that have been suggested to resolve the above-mentioned issue. The rule of exhaustion of rights, of which there are three types (rule of national, regional and international exhaustion of rights), is proposed as the most effective instrument to deal with the issue in question. Part II examines the question of exhaustion of trademark rights in light of the provisions of GATT/WTO Law. Part III analyzes the elements of the EU provisions on exhaustion of trademark rights (Articles 7 of Directive 2008/95/EC and 13 of Regulation (EC) 207/2009) and some specific issues relating to the application of these provisions. Part IV presents the regimes of exhaustion of trademark rights recognized in the European Union's current ten most significant trading partners. The book is the first legal study to welcome, in light of economic analysis, the approach adopted by GATT/WTO law and EU law to the question of the geographical scope of the exhaustion of the trademark rights rule. It includes all the case law developed on an international level on the issue of the legality of parallel imports of trademarked goods and a comprehensive overview of the scientific literature concerning the phenomenon of parallel imports in general and the legality of parallel imports of trademarked goods. All the views expressed in the book are based on the European Court of Justice's most recent case law and that of the courts of the most important trading partners of the European Union.

The role that small- and medium-sized enterprises play in the economic development and growth of cities, regions and nations has been an increasing subject of debate and study for the last half century. This volume focuses on the opportunities and challenges that entrepreneurs and small- and medium-sized enterprises (SMEs) face in a world of global competition. The papers therein provide an overview of successful strategies that global entrepreneurs and SMEs have employed that have allowed them to establish regional and international footprint and of how local resources, culture and managerial capabilities have contributed to startups' global success. In doing so it highlights original, edgy ideas and theoretical advances that will provide the foundation for future doctoral dissertations and other research projects on international entrepreneurship.

The standing of industrialization has fallen in the list of social and economic objectives of developing countries in recent years. Turkey provides an ideal example of this beginning with a program adopted in 1980 under the auspices of the IMF and the World Bank. The macroeconomic and microeconomic issues concerning Turkish industrialization in global context with particular emphasis on the decade of the 1980s are examined. The rapid transformation in industrialization strategy from import substitution under heavy state direction to outward orientation has had a profound effect on industrialization of Turkey.

Out of the ashes of its defeat in World War II, Japan arose to become the foremost economic power in the East Asia and a major player on the world economic stage. How did it do this? This work provides a concise summary and analysis of Japan's emergence as a global economic power. This guide discusses the growth of Japan as an unconventional global power based on the strength of its economy and the softening of its economy in the 1990s. Six topical essays are supported by a timeline of events in postwar Japan, biographical profiles of key players, the text of important primary documents, a glossary of terms, and an annotated bibliography.

Topical essays cover the reprise of the Rising Sun, Japan as a Cold War client, the evolution of Japan as an economic giant, contending with the Communists, pursuing partners in Asia, and Japan as a reactive global power. Biographical sketches of 15 key Japanese political and business leaders, the text of 15 primary documents, a timeline of events, a glossary of terms, and an annotated bibliography suitable for student research provide valuable reference material. Students will benefit from this cogent and readable examination of one of the key developments in the postwar world.

At the beginning of the 21st century, in Japan and most of the continental European economies, we can observe a shift from what has been labelled a "corporatist" system to more market-oriented structures. Regulatory competition caused by the globalization of markets is increasingly placing the traditional legal institutions of these jurisdictions under severe strain. This is especially true for the services markets. Of these, the markets for financial services and telecommunications services have to adapt most urgently. These adaptations are already underway to varying extents and degrees, made possible by a mixture of de-regulation and re-regulation. In this volume, scholars from Germany, Austria, Switzerland, and Japan as well as practitioners from various institutions lay out the theoretical foundations and means for these developments. Through critical analysis, the various contributions show what has been reached so far in Europe and Japan and what remains to be achieved in the future.

Because malnutrition in early life significantly affects the physical and mental development of children, addressing malnutrition is fundamental to the development of Vietnam's human capital. Economic development of the nation depends on the strength, resilience, and intelligence of its workforce. Governments dedicate millions of dollars annually to health and education, recognizing that individual losses in productivity may run as high as 10? percent of lifetime earnings and that as much as 11 percent of GDP could be lost each year in Asia and Africa due to undernutrition. The ethnic minority groups living mainly in the northern midlands and in the mountainous and central highlands regions are consistently more undernourished than the Kinh majority. Despite decreases in stunting, the prevalence of stunting among ethnic minority children is still twice that in the Kinh ethnic group. There has been an overall decline in wasting of 1.7 percent between 2000 and 2011, although only the richest quintile showed a significant reduction (3.4 percent). These data, along with an overall decrease in the prevalence of wasting and stunting, indicate an increase in nutrition inequality between 2000 and 2011. Moreover, it is noteworthy that the ethnic minority groups constitute the majority of the undernourished populations in most of the 10 provinces with the highest rates of stunting among children under 5 years old. This analytical report describes the very high rates of malnutrition among ethnic minority populations in Vietnam. It assesses the determinants and causes, using a causal framework and systems analysis; reviews current commitments and policies directed at reducing disparities in malnutrition; examines implementation of nutrition-specific and nutrition-sensitive interventions, particularly those that require multisectoral coordination and collaboration; draws conclusions based on the analysis; and recommends how policies and programs can be strengthened to reduce inequities and fulfill the economic potential of all ethnic groups.