This book disputes the traditional argument that the equal inheritance system hinders the growth of Chinese family business, approaching this not only in terms of economic capital, but also in terms of human capital such as education and leadership, and social networks. Zheng argues that most of the family business patriarchs only focus on the passing on economic capital, but give little attention to human capital and social capital when the come to the stage to transfer control to the next level. It further elaborates that the equal inheritance system itself isn't the destructive force that weakens family business competitiveness, but can assist economic development by generating dynamism and capital. Based on extensive primary research, the work discusses how equal division encourages sibling comparison, analysing how such comparisons initially generate stress and anxiety but will ultimately galvanize competition, benefiting the business. The author also assesses how family division can offer initial economic human and social capitals that can motivate siblings to start their own businesses and be free from the subjugation sometimes associated with a family firm. Through the evaluation of these issues the book argues that the equal inheritance system can be regarded as the origin of the self-employment mentality, which not only fosters the growth of Chinese family business by plays crucial role in promoting economic development. Providing a valuable contribution to the field, this work will be of great interest to all scholars of Chinese and Asian business.

This volume rests on three thematic pillars: the limits of conventional macroeconomics; the long-run agenda of structural transformation and the development of capabilities. Islam and Kucera highlight the tenuous links of conventional macroeconomics with core development concerns. The chapters of this book enunciate an empirical approach to track the various sources of structural transformation and nurture the thesis that investment in infrastructure leads to the inculcation of capabilities, broadly defined to include knowledge accumulation, dissemination and application. The editors reinterpret social protection from the perspective of inclusive development and structural transformation. The volume examines secular trends in the functional distribution of income and explores their possible macroeconomic consequences by developing a two-country macroeconomic model for open economies. It seeks to establish whether growing inequality in many countries combined with stagnant real incomes is one of the sources of the global and financial crisis of 2007-2009.

This book explores the concept, techniques and implications of establishing stakeholder collaboration in sustainable tourism. The importance of involving a wide range of stakeholders in tourism planning and management is increasingly recognised. This reflects a move to less top-down, more decentralised and more inclusive forms of governance in tourism and in other policy fields. Twenty-two leading researchers and practitioners from around the world contribute their views and expertise to this pioneering volume. Case studies examining key issues are drawn from Europe, North and South America, Australia and the Arctic. Section 1 examines the processes, patterns and typologies involved. Specific concerns addressed include stakeholder interaction and negotiation, boundary issues in regional and international partnerships and stages of collaborative development. Section 2 evaluates the effects of politics and power on the practice of collaboration. Specific topics here include the changing roles of the state in tourism governance, regime theory and tourism, the public sector and partnership development and partnerships in a post socialist context. Section 3 looks at emerging thinking and approaches, sums up key issues affecting collaborative tourism planning and suggests future research directions. The book will be invaluable for final year undergraduate tourism students, for postgraduate students in tourism, environmental studies or planning and of interest to tourism planners, managers and consultants.

From the creation of fast food, to the design of cities, to the character of our landscape, the automobile has shaped nearly every aspect of modern American life. In fact, the U.S. motor vehicle industry is the largest manufacturing industry in the world. James Rubenstein documents the story of the automotive industry...which despite its power, is an industry constantly struggling to redefine itself and assure its success. Making and Selling Cars: Innovation and Change in the U.S. Automotive Industry shows how this industry made adjustments and fostered innovations in both production and marketing in order to remain a viable force throughout the twentieth-century. Rubenstein builds his study of the American auto industry with care, taking the reader through this quintessentially modern history of production and consumption. Avoiding jargon while never over simplifying, Rubenstein gives a detailed and straightforward account of both the production and merchandising of cars. We learn how the industry began and about its methods for building cars and the modern American marketplace. Along the way there were many missteps and challenges-the Edsel, the fuel crisis, and the ascendancy of Japanese cars in the 1980s. The industry met these types of problems with new techniques and approaches. To demonstrate this, Rubenstein gives the reader examples of how the auto industry used to work, which he alternates with chapters showing how the industry has reinvented itself. Making and Selling Cars explains why the U.S. automotive industry has been and remains a vigorous shaper of the American economy.

China's engagement in Africa is generally portrayed simply as African countries being exploited for their mineral wealth by a wealthy political and economic superpower. Is this always the case? Certain African countries have been able to use China's involvement in the region to grow their economies and solicit renewed interest from previously disengaged foreign powers by using their relationship with China to bolster their political capital. In this thought provoking and original work Lucy Corkin demonstrates how Angola has been amongst the most successful of African nations in this role. The concept of 'African agency' covers a wide range of different countries with very different capabilities and experiences of engaging with China. In each individual county there are a myriad of actors all with increasingly discernible agencies. Uncovering African Agency; Angola's Management of China's Credit Lines casts a fascinating new light on China's involvement with her largest African trading partner and through this shows how different African states and the governmental actors within them are able to exploit the relationship to their best advantage.

The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. Prior to the Industrial Revolution, economic progress was so slow that people would not have been able to recognize it in their lifetimes, whereas today, economic progress is so much a part of people's lives that they take it for granted. In this new volume, Randall G. Holcombe argues that economic analysis, as it developed through the twentieth century, relies heavily on concepts of economic equilibrium, and is not descriptive of the dynamic real-world economy that is characterized by economic progress. Even in dynamic settings, economic models focus on income growth, leaving out the entrepreneurial forces that generate economic progress, resulting in the introduction of new goods and services and new production processes. Economic analysis focuses on the forces that lead to an economic equilibrium, not the forces that produce prosperity. This characterization of economic analysis describes a substantial component of economics as it has developed over the past century. However, there are also economists who have analyzed the factors that lead to an entrepreneurial and innovative economy, generating progress rather than equilibrium. This volume does not question the value of past research, but argues that, looking ahead, economics should build on its past to focus on factors that create an entrepreneurial and innovative economy that is characterized by progress and prosperity. This would make economic analysis more consistent with the remarkable progress and prosperity that characterizes the modern economy. This volume lays out a framework for economic analysis that consistently incorporates the real-world factors that produce prosperity.

In this book, Haridimos Tsoukas, one of the most imaginative organization theorists of our time, examines the nature of knowledge in organizations, and how individuals and scholars approach the concept of knowledge. Tsoukas firstly looks at organizational knowledge and its embessedness in social contexts and forms of life. He shows that knowledge is not just a collection of free floating representations of the world to be used at will, but an activity constitute of the world. On the one hand, the organization as an institutionalized system does produce regularities that can be captured via propositional forms of knowledge. On the other, the organization as practice as a lifeworld, or as an open-ended system produce stories, values, and shared traditions which can only be captured by narrative forms of knowledge. Secondly, Tsoukas looks at the issue of how individuals deal with the notion of complexity in organizations: Our inability to reduce the behavior of complex organizations to their constituent parts. Drawing on concepts such as discourse, narrativity, and reflexivity, he adopts a hermeneutical approach to the issue. Finally, Tsoukas examines the concept of meta-knowledge, and how we know what we know. Arguing that the underlying representationalist epistemology of much of mainstream management causes many problems, he advocates adopting a more discursive approach. He describes what such an epistemology might be, and illustrates it with examples from organization studies and strategic management. An ideal introduction to the thinking of a leading organizational theorist, this book will be essential reading for academics, researchers, and students of Knowledge Management, Organization Studies, Management Studies, Business Strategy and Applied Epistemology.

Social choice and decision-making are key topics in economic theory and Robert Urquhart delves into the world of philosophy in this superb new book.

Across Europe, regional development agencies (RDAs) have become a central feature of regional policy, both as innovative policy-makers and as the implementers of programmes and initiatives originating from the national or European level. By drawing on a combination of conceptual reflection, surveys, comparative research, and systematic use of critical case studies, this book provides a new point of reference by identifying key features of the current, and, indeed next, generation of regionally-based economic development organisations.

This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.

First published in 1990, this work examines the link between the economic performance of companies and profit sharing. The relationship is a complex one: industrial relations may be improved by schemes, but good employers are likely to introduce profit sharing in any case; and though attitudes to work do change, schemes have more immediate impact on satisfaction an communications than on productivity and effort put into work.

This book focuses on the impact on financial regulation and examines the impact of financial regulation on bank performances from different perspectives. More specifically, this study investigates how bank sector reforms and bank regulation and supervision affect the competition, stability and risk-taking behavior in banking system.

This book charts the experiences of a textile enterprise in Russia during the 1990s, analysing post-Soviet management and managerial practices in order to illuminate the content, nature and direction of industrial restructuring in the Russian privatised sector during the years of economic transition. Based on extensive factory-level fieldwork, it focuses upon changes in ownership, management and labour organisation, unveiling the complex texture of social, communal and gender relations in the workplace over an extended period of time, including through crisis and bankruptcy, acquisition by new capitalist owners and attempted restructuring. It argues, contrary to dominant Western managerial theories which blame the failure of transition on the irrationality of Russian managerial strategies, that the rationale for the continued reliance on Soviet era managerial practices lay in the peculiar form of social relations in the workplace which were characteristic of the Soviet system. It engages with key issues, often neglected in the literature, such as social domination, power and conflict, that capture the problematic and open-ended character of social and economic transformation in post-Soviet production. It demonstrates that far from a simple transition to a market economy, the post-Soviet transition has reproduced most of the features of the old Soviet system, including its patterns of labour relations.

This book focuses on assumptions underlying methods choice in program evaluation. Credible program evaluation extends beyond the accuracy of research designs to include arguments justifying the appropriateness of methods. An important part of this justification is explaining the assumptions made about the validity of methods. This book provides a framework for understanding methodological assumptions, identifying the decisions made at each stage of the evaluation process, the major forms of validity affected by those decisions, and the preconditions for and assumptions about those validities. Though the selection of appropriate research methodology is not a new topic within social development research, previous publications suggest only advantages and disadvantages of using various methods and when to use them. This book goes beyond other publications to analyze the assumptions underlying actual methodological choices in evaluation studies and how these eventually influence evaluation quality. The analysis offered is supported by a collation of assumptions collected from a case study of 34 evaluations. Due to its in-depth analysis, strong theoretical basis, and practice examples, Credibility, Validity and Assumptions is a must-have resource for researchers, students, university professors and practitioners in program evaluation. Importantly, it provides tools for the application of appropriate research methods in program evaluation

This book details the foundations, new developments and methods, applications, and current challenges of systems engineering (SE). It provides key insights into SE as a concept and as an approach based on the holistic view on the entire lifecycle (requirements, design, production, and exploitation) of complex engineering systems, such as spacecraft, aircraft, power plants, and ships. Written by leading international experts, the book describes the achievements of the holistic, transdisciplinary approach of SE as state of the art both in research and practice using case study examples from originating at universities and companies such as Airbus, BAE Systems, BMW, Boeing, and COMAC. The reader obtains a comprehensive insight into the still existing challenges of the concept of SE today and the various forms in which SE is applied in a variety of areas.

The spectacular economic performance of China, East Asia and India during the last ten years has ignited some profound changes in the world economy. The share of global demand, investments, trade and production of the traditional industrialized powers, the US, Europe and Japan, has gradually yet continuously declined. This rise of China also has implications for Latin America. On the one hand, booming Chinese demand for raw materials and food has sustained the economic performance of Latin America during the last decade. On the other hand, the competitiveness of China and as a hub for advanced manufacturing is threatening Latin America's attempt to diversify its economy from its dependence on the export of natural resource-based goods. Most Latin American countries are not however waiting passively for their economies to become ever more reliant on high prices for food, minerals and oil. Leveraging the economic and political stability that they achieved during the last decades, many countries in the region, such as Brazil, Chile, Colombia, Costa Rica and Uruguay, are attempting to capture the growing market for knowledge intensive products and services by breeding their own Silicon Valleys. This book discusses the promotion of ICT clusters in Latin America by analyzing the development of the Costa Rican cluster in particular, an often celebrated case of successful policy in the region. Costa Rica, a small country traditionally known for its coffee and wildlife, managed to build an information technology cluster within ten years, becoming the leading producer of ICT per capita in Latin America. Studying the Costa Rican case provides a solid starting point for understanding the challenges of building ICT clusters in Latin America.

The Progressive Era was among the most volatile times for the economy and labor in American History. Daniel E. Saros explores the institutional and economic conditions of this time, revealing new insight into the regulated nature of industry and the conditions of labor. Using the steel industry as a case study, Saros demonstrates how the United States Steel Corporation enhanced the performance of the steel industry by initiating a price and wage stabilization program. In an effort to combat potential threats from the federal government, the American public, and organized labor to the market stabilization program and mechanization drive, the steel companies introduced a paternalistic welfare program, company unions, and limited hours reform. Saros also contrasts this time with free market periods, examining the impacts on rates of profit, output growth, and capital accumulation.

This is the first book to examine the "nuts and bolts" of production processes. It proposes a truly consilient approach to modeling production processes - one that goes beyond the vague principles found in standard economics - and provides details that are consistent with the applied mechanics and engineering literature. Providing a credible analysis of some of the most pressing questions of our era, such as the productivity slowdown and the information paradox, and bridging the gap between engineering, applied physics, economics, and management science, this book is a fascinating read for anyone interested in industry, the modern economy, and how physical factors constrain productivity growth.

More than thirty years ago the political turn that brought the dismantling of agricultural collectives and exclusive rights to small plots of farmland for rural families initiated a historic return to smallholding in the People's Republic of China. Today, agriculture in China is changing again. In many villages smallholder farming is giving way to large agricultural enterprises. This book explores this latest transformation of Chinese agriculture. It traces how the peasantry's frustration with the farming conditions, the priorities of national and local political agents and the changes in the management of collective land since the return to family-based farming have paved the way for a unique Chinese agrarian transition. The argument is based on careful analysis of agricultural politics since the early 1980s and data gathered in three field trips to Shandong, Sichuan, and Guizhou Provinces between 2008 and 2010. The findings highlight the importance of institutional path-dependencies and strategic government intervention (or its absence) for economic transformation. China's Agrarian Transition is one of the first comprehensive accounts of the latest developments in agriculture in the People's Republic and will provide a stimulating read for political scientists, sociologists, economists, and experts on China interested in the ongoing transformation of China's countryside.

While there were many factors that triggered the widespread financial crisis of 2008-2010, at least one may have been increasing inequality in the United States economy. With the distributional divide wider than at any time since the Great Depression, the wealthy poured money into increasingly speculative investments even as those at the bottom of the income distribution borrowed just to stay above water.

Long before the national meltdown helped to make this point, the notion that inequality might actually damage economic growth was gaining ground at another geographic level: that of the metropolitan region. Throughout the US, many key metropolitan actors, including collaboratives of business, civic and community leaders, have accepted the notion that a more inclusive economic approach could actually shore up the social consensus and human capital needed to compete in a global economy.

So what are the possibilities for this "Just Growth"? This book seeks to address this and other key questions with a combination of quantitative and qualitative analysis. Utilizing a sample of the largest 192 metropolitan regions in the United States, the authors use a quantitative approach to identify those regions with above average performance in terms of economic growth and social equity indicators, and conduct regression-style analysis to explore the demographic, political and economic determinants behind the phenomenon.

Breaking new ground in its innovative blend of quantitative and qualitative methods, the book essentially argues that another sort of growth is indeed possible. While offering specific insights for regional leaders and analysts of metropolitan areas, the authors also draw a broader - and quite timely - set of conclusions about how to scale up these efforts to address a U.S. economy still seeking to recover from economic crisis and ameliorate distributional divisions.

This book examines the political origins of financial institutions across fifteen developed democracies, with focused case studies on the US, France, Japan, Austria, and Germany. The institutional arrangements of financial systems are widely seen as a central distinguishing feature of 'varieties of capitalism'. Through a wide-range of case studies, this book contends that political battles between landed interests, labor, and owners of capital have fundamentally shaped modern financial arrangements. Demonstrating how these conflicts have shaped contemporary financial architecture in a number of different contexts, author Richard W. Carney offers an innovative approach to explaining the distinctive capitalist arrangements of nation-states. By demonstrating the importance of landed interests to nations' institutional configurations, the book has clear implications for developing countries such as India and China. Providing a detailed account of the development of financial institutions, this book will be of interest to students and scholars of political science, sociology, business, finance, and law. It will also offer insights valuable to government policymakers, analysts at international organizations, and the business community.

This book examines how businesses manage their labour systems, and particularly how they manage the complex interaction of factors which give rise to instances of 'partnership' style relations between businesses and their employees. The book draws from the literature concerning 'Varieties of Capitalism' (VoC) and the different institutional and regulatory designs inherent in different types of political economy. The book is informed by a new and extensive set of empirical data from Australia that examines the activities of national and multinational business corporations, their outlooks and relationships with stakeholders, and relates these to new and evolving theoretical frameworks based in political economy and law. The book places the Australian regulatory model within this international debate, and assesses the extent to which the system does or does not fit into the general categorisation created in the VoC literature.

Written by eminent scholars who are well known within their fields across Europe, this book explores changes in the international economic environment, their impacts on the strategy of firms and the spatial consequences of these changes in strategy. The economic environment in which major companies operate is subject to rapid and important changes. Such changes have their impact on the strategy of major and even smaller companies and changes in these firm's strategies often have important implications for the location choice of their activities, be it production, outsourcing, R&D or administrative activities. Addressing these issues in a clear yet rigorous manner, this book is an excellent resource for students and researchers working and studying in the areas of international business, corporations, business strategy, economic geography and business geography.

First published as 'Markets for Managers', this book has proved to be a popular way for non-economists to understand and apply the key tools of economics in a business setting. Professor Anthony J. Evans, one of Europe's leading Managerial Economics instructors, brings the content that works in his classrooms to an even wider audience. Written in an engaging and informal way, whether you are a busy executive or simply an interested amateur this is your go-to guide. In this revised and updated edition, you will be led through the building blocks of economic theory and how they relate to the real world. You will see how thinking like an economist can improve your decision making, and how markets can be used to generate value within organizations and in society at large. The book incorporates the main principles of both micro and macroeconomics and takes a broad and diverse approach. In it you will encounter the most interesting economists and understand their contributions in a historical context. The practical format is perfect for professionals and students who want to gain an applied perspective on today's most pressing issues.