With the continuing consolidation of corporate holdings through wave after wave of mergers and acquisitions, the ubiquitous power of major corporations is of increasing concern from both a practical and a theoretical standpoint. In this study Dugger approaches corporate power as an institutional phenomenon. Through his sharply focused analysis, he traces the development of U.S. corporate hegemony and explores the impact of the big corporation's social dominance in every aspect of contemporary life. The author begins with an examination of the nature of the corporate behemoth, its values and behavior, inner contradictions, drive for economic power, and its unrestricted control of the global market economy. He looks at the underlying dynamics of the corporation's drive for control and the various processes through which its values, meanings, and motives are imposed. These processes include coercion, contamination, subordination, emulation, and mystification. Dugger shows how the careerism corporations demand systematically draws energy and commitment away from family, community, and other spheres of life, thus corroding their meaning and value. He studies the impact of corporate power on the family, schools and colleges, unions, churches, communities, the state, and the media, and demonstrates how each of the power mechanisms is used to devalue and hollow out these institutions. Dugger argues that the social vacuum this creates is being filled by the big corporations. Unique in its institutional approach to the rise and spread of corporate power, Corporate Hegemony makes a significant contribution to our understanding of the crisis of pluralism in the West.

Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors' extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.

This two-volume work provides a comprehensive overview of the Belt and Road Initiative, examining its impact on economic growth, trade, financial systems and international relations. Weaving theory with real-world examples, Joshua makes an important contribution to the understanding of how the Global Economy is being shaped through these developments. In this second volume, Joshua focuses on the operation of the international monetary system and the effects of the Belt and Road Initiative on both China's domestic economy and the Global Economy. In addition, this volume addresses the consequences of economic growth on the environment and international relations.

The transition to Industry 4.0, and the subsequent ubiquitous digitalization and integration of artificial intelligence (AI) into the economic system, has set the stage for a fundamental change - one towards forming a cyber economy: a type of economy in which humans are economic subjects who interact with or are confronted with AI. This book examines these interactions and specifically analyzes the overall effects of digitalization on the workplace, and on the economic system of the future. Scholars from a diverse range of fields address both the challenges and opportunities of using AI in business sectors, as well as the role of people dealing with digital channels. In closing, the book discusses the need to, and options for, training and educating the labor force in the digital age.

This book analyzes of the surplus of production capacity in China. According to a government statement, there is a serious surplus of productive capacity in the steel, cement, glass, aluminum, and shipbuilding industries. There was no surplus of productive capacity in above industries between 2002 and 2012, and the current surplus is due to poor government policies on real estate prices after 2012. The book argues that if the Chinese government invested more in social welfare housing over the next few years the surplus of productive capacity would very soon disappear.

This book presents contributions of intelligent management theories and models for a more effective management of sustainable business practices in competitive, profitable and socially responsible organizations. It communicates the latest developments and thinking on the sustainability and intelligent management subjects worldwide, increasing the knowledge and effectiveness of all those involved in these areas whether in the profit or non-profit sectors or in the public or private sectors.

'Prof Vu's timely book provides an excellent analytical study of the growth dynamics in Developing Asia, against the backdrop of a secular shift in the centre of gravity of the global economy from the West to the East. Indeed, his careful attention to data issues and efforts to adapt the standard growth accounting methodology to the Asian context sets an important benchmark for studies in this field. The author's enunciation of a 'strategic (growth) policy framework' with its critical elements of enhancing a country's absorptive capacity and incentives for investment efficiency, underscores the policy imperatives facing Developing Asia in the quest for sustainable and inclusive long-term growth. This book will prove an indispensable reference for policymakers.' - Edward S. Robinson, Monetary Authority of Singapore The advancement of a nation from poverty to prosperity is not a technical process but a great transformation. At the center of this change are two driving forces - emotion, which is referred to as aspiration, anxiety, and sense of responsibility; and enlightenment, which is associated with the freedom from dogmatism, open-mindedness, and the hunger for learning. It is these two factors that have determined not only the remarkable success of Asia in economic development but also the uniqueness of its growth model. This book examines the rise of Asia in the past two decades and draws lessons from its growth patterns. Contents: Foreword by Dale W. Jorgenson Preface 1. Introduction 2. Developing Asia in the Global Dynamics of Catching Up and Falling Behind 3. The Rise of Asia 4. Sources of Developing Asia's Economic Growth: Insights from the Standard Growth Accounting Approach 5. Sustaining High Economic Growth in Developing Asia: Strategic Insights and a Catch-up Policy Framework References Index

Antitrust economics is a field that draws extensively on the economic theory of industrial organization, and the field's frontier is at the cutting edge of economic research. This book bridges the gap between introductory texts and advanced research volumes by presenting select themes in antitrust economics and modeling. All from a neoclassical perspective, the author begins by discussing classic monopoly, continues to add more markets to the mix-via spillover effects and horizontal/vertical mergers-and then explores logical ties to international trade and regulated industries. While brief and selective, the method provides a basic analytical reference point for approaching special antitrust topics not covered here, such as tying, bundling, and exclusive dealing. Such analytics are sometimes likened to a rational defense of monopoly and related anti-competitive behavior, but are essential to explicating antitrust economics from a mainstream Western economic vantage.

If evolutionary economics is to compete with neoclassical economics as a general-purpose economic theory, it needs to incorporate new aspects of socioeconomic reality, such as institutions of all types, including technical, scientific, and political. Furthermore, evolutionary economics needs to be able to provide policy implications at least as interesting as those of neoclassical economics. Thus, as this book argues, evolutionary economics must become evolutionary political economy. Innovation plays a central role in the book, but not in the sense of providing a technologically determinist interpretation. Rather, the book argues that innovations do not emerge in isolation from other components of socioeconomic systems but coevolve with institutions, infrastructures and organizational forms. This concept of coevolution is absolutely central in the book and provides a link with theories of complexity. In addition to providing an epistemological basis for evolutionary economics, the link with complexity and coevolution offers the connection with evolutionary political economy. Innovations and technologies do not emerge and develop in an institutional vacuum, but interact with existing institutions and reshape them, in addition to inducing the formation of new institutions. In this process, technologies and institutions reinforce each other providing a potential mechanism to transform socioeconomic systems. The book also explores the policy implications of these innovative societies, where wealth is created but unequally distributed. The book is addressed to open-minded economists, social scientists who are dissatisfied with the approach of neoclassical economics, technologists and policy makers.

This book illustrates two approaches for firms to shape successful circular strategies, namely, the Circular Economy and Circular Districts. The former considers firms' challenges when turning theoretical circular models into practice. Thus, it discusses the opportunities and difficulties in reshaping corporate strategies by reflecting on circular economy principles. The latter approach plays a new role within the new economy systems and this book conceptualizes and operationalizes its definition. The circular district can represent an effective way to accelerate the energy transition process by developing industrial collaborations and exploiting technology synergies to enhance circularity and achieve economic, environmental, and social targets. The book highlights how firms should adjust their strategic thinking, redesign their network of relationships, and reconsider the value creation process when the circular economy is a concrete option. Furthermore, it examines the evolution from circular economy to circular districts by revealing the motivations that push firms and supply chains to redesign their strategies by considering the perspective of a circular district. The book ends by analyzing business experiences in these two areas and proposes advancements for both the scientific community and the business world. The book offers a blend of theoretical frameworks and practical applications and will be of particular interest to scholars in the fields of sustainable operations, closed-loop supply chain, green supply chain management, and circular supply chains. Also, the operationalization of the concept of circular districts, offers a genuine and original theoretical contribution, thus targeting students from Executive programs, MBA programs, and PhD programs. The book will also attract managers, practitioners and professionals interested in real-world cases and experiences as well as practical developments in the domain.

This volume of Eurasian Studies in Business and Economics includes selected papers from the 22nd Eurasia Business and Economics Society (EBES) Conference in Rome. It presents original empirical research from several countries and regions including many developing economies such as Poland, Russia, Tunisia, Lebanon, Belarus, and Lithuania. Both the theoretical and empirical papers in this volume cover diverse areas of business and management from various regions. The main focus is on sharing the latest research results on evolving approaches to entrepreneurship research, behavioral aspects of entrepreneurship and SME development, and policy development. The volume also includes related studies that analyze international business cooperation, performance assessment, and a range of other current topics.

This book provides deep insight into the emergent Chinese innovation economy, as we head towards the Fourth Industrial Revolution. It describes, discusses and analyzes the period from China's opening up to foreign investment in the 1980s until the New Silk Road project, from 2013 onwards. The developments are assessed from a systemic thinking and evolutionary economic standpoint. The book presents the latest research findings on the direction and achievements of the Belt and Road Initiative, and the results both for China, the countries along the new Silk Road, as well as for Europe and the United States are brought to light. The author asserts that the phenomenon of the New Silk Road as an innovation generator can be understood and explained through the effects of various social mechanisms. He labels these five social mechanisms as: the locomotive force; the explosive force of the butterfly effect; the force of co-creation; the force of expectation; and the force of competence. The book presents 20 cases to substantiate the descriptions, analysis, theoretical reflections and the practical utility of the questions examined in each chapter. It utilizes economic history research methods, scenario thinking, futures research and conceptual generalization to offer different views on the research problem under investigation. Further, the book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy. The book will appeal to academics, researchers and graduate students concerned with Chinese economic expansion, Chinese foreign policy and US- and Europe-China relations, as well as policymakers and political advisors.

'. . . the volume constitutes an important collection, which portrays the evolution of the Phillips Curve and the potency of policy debates in a single canvas in an elegant and comprehensive manner. The gaps that seem to have remained may be remedied by the editors in the form of a companion volume discussing open economies and global interdependence. The production quality and editing of the book are also excellent. . .' - Biswajit Chatterjee, Indian Society of Labour Economics This authoritative three-volume collection provides a comprehensive anthology of many of the most important and influential articles written since the publication of Phillips' 1958 study - the most-cited macroeconomic paper published in the 20th century. Along with an original introduction by the editors, the papers evaluate the original contribution and place it in its historical context. The works also discuss the strengths and weaknesses of the New Classical critique and the expectations augmented Phillips Curve that resulted from it, and critique the part played by the 'New Keynesian Phillips Curve' in the New neo-Classical Synthesis that has emerged in macroeconomics. This indispensable volume will be of immense value to students, scholars and practitioners interested in the field of economics, and the Phillips Curve in particular.

The publication of this book is timely and appropriate because it deals with Eastern and Central Europe (ECE), and alliances with local partners with different attitudes, beliefs and ways of thinking. At the beginning of the 1990s many Western firms entered ECE hurriedly without thinking about the complexities associated with this region. Many promising business ideas failed due to lack of knowledge about the local environment including social, cultural, political and human resource related issues. This book therefore addresses issues in depth as how to reduce the gaps between Western and Eastern firms and how to make the alliances workable and fruitful.
Initially motives are focused to assess partners' expectations from the alliances. Once expectations are known, it becomes easier to evaluate performance of the activities. Exchange of complementary resources plays a vital role in the formation, management and development of the relationships. The change of need over time and exchange of resources are seen as a consequence of learning that takes place on the part of alliance partners. Environmental factors are of particular interest in this study as they influence the operations in various ways and many times can directly contribute to the success or failure of the collaborations.
- Exchange of complementary resources
- Grouping of Eastern and Central Europe on the basis of success in adopting market economy
- Role of environment factors on alliance operations
- Scope and consequence of learning on the alliance
- Development and benefits of networking

Finally! A comprehensive volume on the management of corporate acquisitions that summarizes contemporary research, and that moves what we know about acquisition management a step further. The book encompasses innovative works from several countries, related to a variety of issues; managerial motives, the role of acquisitions in competitive strategy, as well as organizational and political processes. Unlike several other works on acquisitions, this book emphasizes the most critical issue faced by managers today; how to manage successfully already acquired companies and operations. Both researchers, managers and students of strategy and organization will find this book an important supplement.

This book reveals the key importance, in terms of international competitiveness, of firms' capability to adapt to, and develop, new technologies. At the same time, the authors argue that the sheer complexity of emerging technologies is such that the knowledge involved in their creation is likely to be dispersed and distributed between many individuals and over numerous locations. The authors argue that even if one assumes that the internal knowledge base is of strategic importance to many companies, most of the knowledge used by the majority of companies is developed outside the company. Since much knowledge is tacit in nature, the location of companies and their different departments become vital in accessing such knowledge, and there are strong reasons to believe that spillover effects are geographically bounded. Hence, it may often be of strategic importance to companies and their competitiveness to be represented in the 'right' industrial clusters. This book highlights a number of issues at the leading edge of both research and policy making, such as knowledge generation/production, knowledge distribution/transfer, knowledge spillovers, learning, knowledge management, information logistics, industrial clusters, industrial networks and regional innovation systems. This book will appeal to academics and researchers of knowledge management, technology and innovation and industrial organisation. Policy makers and planners in international organisations, national and regional governments - in particular those dealing with R&D policies, industrial policies and regional policies - will also find much to engage them.

The cultural sector plays an important role in sustainable economic development and creates economic activities, opportunities for entrepreneurship and jobs, adding to the attractiveness of cities and contributing to the development of tourism. The Cultural Sector and Sustainable Economic Development: Innovation and the Creative Economy in European Cities offers both a theoretical and practical analysis of the contemporary approach to culture and innovation, with special emphasis on the relationships among culture, innovation and the economy. Sustainable development, itself, balances environmental protection, culture, social progress, the economy and stability today and for the future. The book's key theme is the role and possibility of culture as a laboratory, with a strong supporting subtext on innovative practice. The text provides an eclectic mix of possibilities that reinforce and underscore the full innovative and complex potentials of culture. It is a cross-disciplinary volume presenting case studies that cover the main theme of cultural ecosystem in a very broad sense, highlighting the relationships that could lead to a sustainable system where economy and culture are the main players. It proposes and maps the European perspective of urban cultural development and suggests that the successes and challenges of European cities under consideration may offer guidance on best practices for urban development in other distant cultural contexts. This book is written in such a way that it can be used as a summary for a cultural professional, a reference text for an academic or for actors in local development and cultural policy at European, national and local levels.

Decline can be avoided.

Decline can be detected.

Decline can be reversed.

Amidst the desolate landscape of fallen great companies, Jim Collins began to wonder: How do the mighty fall? Can decline be detected early and avoided? How far can a company fall before the path toward doom becomes inevitable and unshakable? How can companies reverse course?

In How the Mighty Fall, Collins confronts these questions, offering leaders the well-founded hope that they can learn how to stave off decline and, if they find themselves falling, reverse their course. Collins' research project-more than four years in duration-uncovered five step-wise stages of decline:

Stage 1: Hubris Born of Success

Stage 2: Undisciplined Pursuit of More

Stage 3: Denial of Risk and Peril

Stage 4: Grasping for Salvation

Stage 5: Capitulation to Irrelevance or Death

By understanding these stages of decline, leaders can substantially reduce their chances of falling all the way to the bottom.

Great companies can stumble, badly, and recover.

Every institution, no matter how great, is vulnerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall and most eventually do. But, as Collins' research emphasizes, some companies do indeed recover-in some cases, coming back even stronger-even after having crashed into the depths of Stage 4.

Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands. We are not imprisoned by our circumstances, our history, or even our staggering defeats along the way. As long as we never get entirely knocked out of the game, hope always remains. The mighty can fall, but they can often rise again.

Many organizational leaders may not even realize that most of their strategic decisions are made without accurate or full information. And yet more than 40 years of socio-economic research indicate that around 40% of what happens economically in organizations is not taken into consideration by traditional accounting. This lack of information affects an organization's effectiveness by turning organizational functions into dys-functions which leads to hidden costs. Socio-economic research shows that average hidden costs are more than $20,000 per employee per year.Socio-Economic Approach to Management (SEAM) is a different way to lead and manage organizations - or to put simply steer them. What differentiates SEAM from traditional management? First, SEAM focuses on both the people and economic sides of the workplace. Second, SEAM identifies and reduces hidden costs through engaging employees and developing their potential. The results are increased efficiency and profitability, sustainable organizational development, and higher employee engagement.SEAM was developed in France and is little known in the US. This book provides a sound introduction to SEAM for the English-speaking audience. The book will be of interest for organizational leaders and managers who search new ideas, techniques, and tools to increase the efficiency of their organizations. The book will also be beneficial for change management and HR practitioners.

This book offers an in-depth insight into the Indian concept of swaraj--self-rule--both in theory and practice and posits it within the larger context of development. It opens by discussing the limitations of prevailing sustainable development paradigm as well as other heterodox development paradigms in achieving a sustainable and equitable future. Further, it constructs development theory around the idea of swaraj, based on the writings of M K Gandhi and J C Kumarappa. The swaraj development vision weaves in the morality of the greatest good of all, political decentralisation, and economic self-sufficiency as important elements to achieve an exploitation-free social order that ensures more control for individuals over their lives. It reveals sustainability and equality as inherent features of such a non-violent social order. The book then provides an introduction to the khadi--handspun and handwoven textile--sector, which is taken as a case study to demonstrate the swaraj development approach. The use of this sector helps readers to get a snapshot of the efforts that have been made since the time of Gandhi and Kumarappa towards the attainment of swaraj. Importantly, the khadi section highlights the method of translating theory into practice based on the unique three-pronged approach of the swaraj development paradigm. By showcasing how to establish swaraj within the khadi sector, the author offers insights into how it can be replicated for attaining a sustainable and equitable world. The book will appeal to scholars and researchers in the fields of Gandhian studies and development studies.

Drawing on a range of global case studies, Market Distortions in Privatisation Processes illustrates the ways in which market distortions damaged the ability of privatisation processes to yield concrete benefits to consumers. The book compares and contrasts privatisations of state-owned enterprises around the world where competition informed the regulatory design and thus liberated consumer welfare. In particular, the cases are drawn from the electricity and gas sector, the telecoms industry, and postal services - each of which has been frequently privatised in different context. For each industry, the book explores the UK and US experiences as well as looking at international cases from both developed and developing countries including, where appropriate, Japan, Colombia, Romania and Mexico. The emphasis is on analysing the impact that market distortions have had on the outcomes of those privatisations. The book also looks at how public service objectives were achieved and how they too can be designed in pro-competitive or anti-competitive ways. This book will be of significant interest to readers in international business, economics, and law.

This book examines the impact of the COVID-19 pandemic on changing labour markets and accelerating digitalisation of the workplace in Central and Eastern Europe. It provides an innovative and enriching take on the work experience from the pandemic times and discusses the challenges of ongoing changes in labour markets and workplaces in a way that is not covered by the extant literature. The impact of the COVID-19 pandemic and digitalisation on labour market outcomes is analysed throughout 12 chapters, by 34 labour market experts from various CEE countries. Most chapters are based on empirical methods yet are presented in an easy-to-follow way to make the book also accessible for a non-scientific audience. The volume addresses the three key goals: to better understand the impact of the COVID-19 pandemic on the adoption of workplace digitalisation in the selected labour markets in CEE countries and the potential trade-offs facing those who do and do not have access to this benefit to complement the labour market research by incorporating the outputs of changing demand for skills to contribute new insight into policies and regulations that govern the future of work The book argues that the recent COVID-19 pandemic was a sombre reminder of the relevance and necessity of digital technology for a variety of sectors and market activities. It concludes that to downside the risks of vanishing jobs, as well as to minimise the threats and maximise the opportunities of digitalisation in CEE countries, labour market partners need to consider an effective governance tool in terms of inclusive access to the digital environment, re-skilling, and balanced regulations of the more problematic facets of digital work. The book will be of interest to postgraduate researchers and academics in the fields of labour economics, regional economics, and macroeconomics. Additionally, due to the broader policy implications of the topic, the book will appeal to policymakers and experts interested in labour economics. The Introduction, Chapters 4 and 12 of this book are freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Breaking new ground in research on temporary organizations, this volume of Research in the Sociology of Organizations brings together papers that examine how temporary organizations navigate the tensions and deal with the paradoxes that are the consequences of temporal limitation. This volume explores diverse forms of temporary organizations including: animation festivals, cultural celebrations, unconferences, start-up accelerators, humanitarian emergency response, strategic initiatives, projects and megaprojects, project portfolios and networks of projects. This volume uses 3 key questions to unify this empirical diversity: 1. The pace and rhythm of temporary organizing: how do conflicting temporal norms shape work and life in temporary organizations? 2. What are the tactics and practices that temporary organizations develop when dealing with the tensions and paradoxes they confront? 3. When relying for resources and working on behalf of permanent organizations, how do temporary organizations deal with the tensions between attachment to, and detachment from, permanent organizations.