The goal of this book is to assess the efficacy of India's financial deregulation programme by analyzing the developments in cost efficiency and total factor productivity growth across different ownership types and size classes in the banking sector over the post-deregulation years. The work also gauges the impact of inclusion or exclusion of a proxy for non-traditional activities on the cost efficiency estimates for Indian banks, and ranking of distinct ownership groups. It also investigates the hitherto neglected aspect of the nature of returns-to-scale in the Indian banking industry. In addition, the work explores the key bank-specific factors that explain the inter-bank variations in efficiency and productivity growth. Overall, the empirical results of this work allow us to ascertain whether the gradualist approach to reforming the banking system in a developing economy like India has yielded the most significant policy goal of achieving efficiency and productivity gains. The authors believe that the findings of this book could give useful policy directions and suggestions to other developing economies that have embarked on a deregulation path or are contemplating doing so.

The passage of the Staggers Rail Act in 1980 led brought a renaissance to the freight rail industry. In the decade following, economists documented the effects of the Act on a variety of important economic metrics including prices, costs, and productivity. Over the preceding years, and with the return of the industry to more stable footing, attention to the industry by economists faded. The lack of attention, however, has not been due to a dearth of ongoing economic and policy issues that continue to confront the industry. In this volume, we begin to rectify this inattention. Rather than retread older analyses or provide yet another look at the consequences of Staggers, we assemble a collection of ten chapters in four sections that collectively provide fresh and up-to-date analyses of the economic issues and policy challenges the industry faces: the first section sets the context through foundational discussion of freight rail; the second section highlights the role of freight rail in an increasingly interrelated economy; the third section examines industry structure and scope in freight rail; and the fourth section assesses current regulatory challenges that confront freight rail. This book will be of great value to researchers, academics, policymakers, and students interested in the fields of freight rail economics and policy, transportation, business history, and regulatory economics.

This book offers a comprehensive overview of the dynamics underpinning the successful performance of local innovation systems (LIS), that is, spatial concentration of innovation activities in specific geographical areas, characterized by the synergetic co-localization of research centers, innovation-driven enterprises, large corporations and capital providers. The reader will gain a deeper knowledge of LIS theory and learn about the theoretical and empirical challenges of studying the LIS from a relational perspective. The book also provides an analytical framework to explore the level of connectivity among LIS actors through the use of social network analysis (network architecture) and second, to assess the variety of different types of relationships that local actors put in place to produce innovation within the LIS (network portfolio). More specifically, this book explores which network configuration is associated with a successful LIS by deriving evidence from the empirical study of the biopharma LIS in the Greater Boston Area (GBA), which has been exemplified as a benchmark case in terms of successful LIS performance. This book also contributes to the theoretical debate about the optimal configuration of network structure (e.g. network closure vs. network openness). In capturing the heterogeneous nature of the LIS demography, it addresses the challenges brought about by the adoption of a holistic approach. Finally, the study provides insights into the network portfolio composition, which has been underexplored by extant literature. Besides addressing the scientific community in the field, this book will also be a valuable resource with practical implications for policymakers and those actors willing to undertake an active role in the development of an LIS in their own regions.

This book examines some of the intriguing notions of the complex antitrust-intellectual property interface, focusing primarily on property and dynamic economic doctrines. The extensive discussion addresses antitrust patterns of unilateral behaviour and the intellectual property (IP) institutions of patents and copyright. The author provides a comprehensive evaluation of the intricacies of antitrust and IP from a broad legal, philosophical and economic perspective. In the economic context she considers the Chicago and Austrian schools of market theory, whilst on the legal and philosophical level she explores antitrust and IP doctrines through the lenses of property, philosophy of rights and history. In this way the reader gains a deeper understanding of the antitrust and IP crossroads, an area that is growing in importance as information plays an ever-increasing role in today's markets. This book provides an original theoretical appraisal of the complex issues that arise when antitrust and IP considerations seem to be at odds with one another. It offers an interesting and viable alternative to the Chicago school of antitrust, and makes a significant practical contribution to the Austrian school of economics. Lawyers, industrial economists and academics working on IP, antitrust and competition will all find this to be an informative and highly rewarding volume. It will also be a good source of reference for anyone interested in the philosophy of property rights.

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More than 190 million children under 15 are working in the world today. Academic and policy research on child labor and related questions about how children spend their time in low income countries has boomed in recent years. This volume contains fresh knowledge to help better understand the relationship between child labor and the transition between school and work. It contains 11 original research papers by authors from Africa, Asia, Latin America as well as the United States and Europe. These papers offer insights and answers to issues such as: how to measure child labor; how the returns to education in the adult labor market affect children's school enrollment; how cash transfer programs affect schooling and children's participation in market and non-market activities; how child labor and schooling affect health; why children participate in activities that are labeled worst forms of child labor; how children's time is allocated along gender lines; what role local labor demand plays in shaping the work and schooling decisions of children; and, how many hours of work can be undertaken before negative effects on school attendance are observed.

Volume 19 of "Advances in International Marketing" is quite unique. It features essays in marketing and international business, written by doctoral alumni of Michigan State University. Based on the 2008 symposium held at Michigan State University (MSU), the authors offer personal reflections of the contributions their mentors, peers, and the larger academic community have made to their professional development. These deliberations serve to illustrate how individual research streams, whose foundations were established during the doctoral program, took off and became primary areas of specialization for individual alumni. The collective contribution of MSU doctoral alumni to the fields of international business and innovation/new products is truly remarkable. Such high visibility of MSU alumni in the international business literature undoubtedly is a major reason why MSU continues to receive high marks and rankings in academic circles.

Originally published in 1972, The University and British Industry examines the lively and controversial relationship between British industry and the university. The book looks at the impact of industry on the development of British universities from the 1850s to the 1970s, and with contribution from the universities to industry through scientific research and the supply of graduate skills. The book argues that the close involvement of the universities and industry has been one of the chief beneficial forces shaping the British universities movement in the last hundred years. It gives an account of the changes which took place within the universities to make them more suitable for industries purposes, describing for example the early rise of the English civic universities, strongly financed by, and closely supporting industry. The book also considers how, during the two world wars, industry became highly reliant on the universities for the war technology, and how, despite the depression between the wars, university research and graduate employment embraced the widening opportunities of the new industries. The book also discusses the expansion of the university in the sixties and points out that industrial motives have merged with those of social justice, posing dilemmas for present and future relations between universities and industry.

This title was first published in 2003. This book focuses on the role of tangible and intangible networks that affect spatial interdependencies in economic and social life. It addresses the question - is the effect of distance disappearing? In examining this question the book considers the types of interaction that bring about globalisation of markets as well as social life in general and the distortion of distance patterns and changes in spatial interdependencies. The contributions elaborate theory and methods by examining hierarchical fields of internal and external influence on regional change; sources of productivity growth in a network of industries, endogenous growth and development policies. The book concludes with an assessment of plan evaluation methodologies for a changing and globalizing world characterized by new economic networks and networking arrangements.

Originally published in 1981. Examining in detail the best evidence on the likely level of domestic and overseas demand for British coal over the following 20 years, this study raised questions about the declared development and investment strategy of the National Coal Board. It exposes a central dilemma facing both the management and the unions of the British coal industry consequent upon their commitment to production objectives substantially out of line with likely market opportunities. It also poses questions for government and the EEC regarding the industry's finances and market prospects. The study concludes that Britain is unlikely to need both the scale of investment proposed for the coal industry and the nuclear programme endorsed by both the government and the electricity supply industry. The author argues for a rigorous reinterpretation of the prospects and a revision of the plans of Western Europe's largest coal industry. This is a fascinating snapshot of a changing industry and is interesting to those in geography, economics and industrial management and anyone interested in energy.

Originally published in 1983, this comparative study of day-to-day industrial relations in two closely matched factories in Britain and Germany, the author examines the causes of the disorder in British manufacturing industry. The book describes how, in the absence of government in the British factory, workers took the law into their own hands in order to redress grievances over pay and to protect their position in the factory's earnings hierarchy. In the German workplace, management and works council successfully administer orderly and equitable pay structures.

This title was first published in 1979

This title was first published in 2001. Significant changes have occurred in the Brazilian economy over the last decade yet this is one of the first volumes to draw them together into a comprehensive discussion. It is suitable for development economists, regional scientists, policy analysts and those scholars with an interest in access to a wide range of economic analyses of structural changes in the Brazilian economy.

Originally published in 1940, this book remains an illuminating and forceful survey of the economic development of modern Germany. It reveals for the first time the basic trends of German business enterprise towards central control. This survey makes three important factors clear. Firstly, the continuity in the underlying trends of German history; secondly the characteristic prevalence of 'statism' in German history; thirdly, Nazism cannot be explained on purely economic grounds: no other county showed such a striking sequel of ups and downs as that which this book illustrates in the economic history of the late 19th and early 20th centuries.

Originally published in 1991 this book brings together 9 essays which address a number of central issues relating to the nature of German industrialisation, including the role of foreign competition in fostering technological change, the importance of market integration for economic development and the response of German banks to industrialisation. The book also provides an important corrective to the traditional interpretation of German industrialisation and reassesses the economic impact of the customs union (Zollverein). The reappraisal of some dominant themes in German economic and business history is distinctive in its explicit use of economic theory in historical analysis of long-term growth processes. It also emphasises the importance of sectoral analysis and illustrates the usefulness of a differential regional approach for understanding the process of German industrialisation.

German industry in particular is a central focus for studying technical and organizational changes in industry due to its pivotal position in international markets, its technological sophistication and its well-established training systems. Originally published in 1992, this study brings together contributions which contain both theoretical approaches and extensive empirical studies, on the manufacturing industry in Germany, including comparisons to other european countries. It looks at the developments of new technology, identifying trends in rationalization and the influences they have on organizational behaviour. As it discusses the relationships between technology and the work-force it includes discussion on flexible specialization, labour processes, union relations, small and large firms and training processes.

Although clusters are regarded as important elements in economic development, the strong focus in the literature on the way clusters function is contrasted with a disregard for their evolutionary development: how clusters actually become clusters, how and why they decline, and how they shift into new fields and transform over time. Although recently new cluster life cycle approaches emerged, both empirical evidence and theoretical contributions on this topic are still limited. This book therefore contributes to broadening our knowledge on the life cycle and evolution of clusters both empirically and theoretically. It contains chapters on inter-firm relations as drivers of cluster transformation, as well as chapters on the heterogeneity of firms and firm capabilities during cluster evolution and on the role of institutions in stimulating the emergence and growth of clusters. Case-studies stem from different industries and technologies, such as biogas, film and television, new media and medical technologies, and from different countries, such as Sweden, Austria, Switzerland and South Korea. All chapters underline that cluster evolution does not only depend on internal dynamics, but that external relations are an integral part of cluster dynamics. This book was previously published as a special issue of European Planning Studies.

Multi-actor partnerships are promoted as central to the achievement of sustainable development. However, these relationships are not always easy, and calls are being made for more guidance on how partners can work together effectively to deliver results and achieve meaningful change. Shaping Sustainable Change explains the growing and significant role of partnership brokering in shaping these relationships. Drawing upon the work of the Partnership Brokers Association, it uses evidenced-based materials to show how the work of partnership brokering contributes to the management of collaborative relationships so that they are better positioned to have a positive and sustainable impact. As well as making the case for partnership brokering, the publication explores the profile and key activities carried out by partnership brokers, and the skills required to undertake this role. Examples are also provided to illustrate how partnership brokering works in practice in relation to different contexts, sectors and themes. This book will appeal not only to partnership brokers but also to professional and academic readers interested in achieving sustainable development.

The existence and persistence of regional disparities between European regions require context-tailored policies to promote structural change. This book explores the congruence between place-based development and regional competitiveness in the EU context. Drawing on a range of social science disciplines, this book unpicks the complexity of regional transformation processes, aiming to enhance the applicability and transferability of theoretical approaches to innovation and place-based regional development in diverse European territorial settings. The contributors have a particular focus on less-favoured regions and on the application of Smart Specialisation - a strategic approach to innovation-based regional development - to the issues at hand. The book comes at a critical moment, meeting the growing demand of academics, practitioners and policymakers with an interest in promoting regional economic growth and well-being.

Originally published in 1971, when nationalized industries employed about 7 per cent of the national labour force, created about 10 per cent of the gross domestic product and had annual investment programmes which were equal to those of all private manufacturing put together. Even this understates the scope of public enterprise at the time, since there were many other organizations, ranging from the BBC to the Public Trustee, which were semi-autonomous public enterprises, but not nationalized industries. Moreover, the public enterprise sector continued to grow, even under Conservative governments, and there were many reasons for thinking that no government would succeed in reversing this trend, for it was felt unlikely that, as government became more complex, it would disgorge many new activities which would be given a semi-autonomous, that is, public enterprise status. The author, drawing on personal experience, shows that the facts of ministerial and parliamentary control were very different from what the public and Parliament thought at the time. He describes the very great practical independence of the Boards and also how much Ministers had come to rely on persuasion (which not only can impose serious waste of time and money on both Boards and Government but is also inefficient). Ministers have least power where the aims of public enterprise are social rather than commercial. If there were no changes, the growth of public enterprise to achieve social purposes would mean an important decline in the power of Parliament and Ministers. This book explores solutions to this problem and concludes that the government must build up a cadre and capacity for financial control which at the time were lacking to it.

In common with most other advanced capitalist economies of the Global North, the UK has experienced a decline in the manufacturing industry and an increase in the service sector in recent decades. At the same time, there has been a substantial manufacturing growth in a number of countries in the Global South, especially China and India. Why have these changes occurred? What have been their economic and ecological consequences? How can we best understand the way the contemporary economy functions? This book explores the answers to these questions, proposing that the contemporary capitalist economy is best understood as a complex socio-spatial system of co-production involving relations between people, things and non-human entities. It is argued that these people typically have conflicting and competitive interests yet can come together to resolve their differences or find ways of regulating their conflicting interests. National states continue to have a critical role in establishing these systems of regulation. At the same time, many companies draw on the knowledge of their customers while others enrol animals, insects and plants as co-producers. As a result, the improbable processes of commodity production and capital accumulation continue more or less routinely; with problems and occasional crises overcome in a variety of ways. Co-produced Economies will be of interest to students of economic geography, political economy and economic development, and more generally to social scientists interested in issues of the causes and consequences of economic change. It will also be of relevance to policy makers seeking to develop economic policies in the increasingly volatile global economy and in the context of growing environmental concerns.

"A highly readable and yet comprehensive book on network businesses that have become governable with the advent of cloud and big data computing. Vivek Kale is a master of simplifying the complex world of network theory and its relevance to business." -Jagdish N. Sheth, Charles H. Kellstadt Professor of Marketing, Emory University Agile Network Businesses: Collaboration, Coordination, and Competitive Advantage reflects the shift from traditional networks to virtual and agile networks that enable businesses to operate dynamically, thereby representing markets more closely. This book enables IT managers and business decision-makers to understand clearly what network businesses and enterprises are, what they can do for them, and how to realize them. Customers in geographically dispersed markets are demanding higher quality products in a greater variety, at lower cost, and in a shorter time. Thus, enterprises have moved from a few centralized and vertically integrated facilities to geographically dispersed networks of capabilities, competencies and resources, which are the core of network businesses. Enterprises are now constructing more fluid network businesses in which each member facility focuses on differentiation and relies increasingly on its partners, suppliers, and customers to provide the rest. Network businesses have emerged as an organizational paradigm for collaboration and coordination across loosely connected individual organizations. This pragmatic book: Introduces network solutions and distributed systems that are a first step towards enabling a network enterprise. It also gives a detailed description of networks and agent system that have paved the road to network enterprises. Describes the basics of service-oriented architecture (SOA), cloud computing, and big data that are essential to network enterprises. Details the distinguishing aspects of network enterprises, which include virtual enterprises, management of network enterprises, and collaborative network enterprises. Covers such major application areas as supply, manufacturing, e-business, platform, social and wireless sensor networks. Introduces decision networks in the context of supply chain networks This book reinterprets the traditional supply chain in terms of the flow of decisions, information, and materials, which leads to reconfiguring the traditional supply chain network into mutually separate decision networks (e.g., fourth-party logistics or 4PL), information networks (e.g., wireless sensor networks), and logistics networks (e.g., third-party logistics or 3PL).

The business environment of the chaebol (large corporations in Korea) has changed drastically since the outbreak of the 1997 Asian financial crisis. This book discusses the attempts of the Korean government to remedy structural weaknesses in the corporate sector by launching an aggressive chaebol reform package, supported by the IMF and other international agencies. Its main objective was to restore competitiveness in the corporate sector and to upgrade business conditions to that of international practices and standards.Competition and Corporate Governance in Korea critically reviews government policy towards the chaebol and provides a comprehensive investigation of the relationship between corporate governance and economic performance as well as the interaction of economic institutions with the chaebols' incentive structure and management behaviour. Policy implications based on objective and rigorous empirical analyses of data on the chaebol are also discussed. Notwithstanding the fact that the chaebol have already undergone considerable governance, capital, and business portfolio restructuring, this volume suggests a road map for further restructuring, and the creation of a new incentive structure to help strengthen chaebol competitiveness. This richly informative book will appeal to academics and researchers of industrial organization, economics and corporate reform as well as those involved in Asian studies.

This timely book sets social entrepreneurship in a historical context, from its philanthropic beginnings in the Victorian era to the present day, against the backdrop of contemporary global capitalism. Starting with contributions from social entrepreneurs and innovators, this anthology describes the workings of social entrepreneurship and explores its import as a gauge of contemporary social, environmental and economic conditions. Drawing on perspectives from cultural theory, history and sociology, the authors investigate the theory of entrepreneurship, the culture of management and the forgotten antecedents of social entrepreneurship. The volume then puts social entrepreneurship in the context of the goals and struggles for sustainable development and the modernisation of the welfare state in the global North and South. Its cultural approach will make this book an introduction for students in the liberal arts; its disciplinary perspectives will make it a useful tool for academics and students in the fields of cultural theory, sociology and entrepreneurship as well as development studies.

This title was first published in 2001. Analyzing and comparing several growth clusters in nine European cities, this compelling volume examines the critical success factors that determine the economic development of urban regions.