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Books > Business & Economics > Business & management > Business strategy
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The New Old Economy - Networks, Institutions, and the Organizational Transformation of American Manufacturing (Hardcover, New)
Loot Price: R2,694
Discovery Miles 26 940
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The New Old Economy - Networks, Institutions, and the Organizational Transformation of American Manufacturing (Hardcover, New)
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American manufacturing is in obvious crisis: the sector lost three
million jobs between 2000 and 2003 as the American trade deficit
shot to record highs. Manufacturers have increasingly decentralized
productive responsibilities to armies of supplier firms, both
domestically and abroad. Many have speculated as to whether or not
manufacturing is even feasible in the United States, given the
difficulties. Josh Whitford's book examines the issues behind this
crisis, looking at the emergence of a 'new old economy', in which
relationships between firms have become much more important.
Whitford shows that discussion of this shift, in the media and in
the academic literature, hits on the right issues - globalization,
de-industrialization, and the outsourcing of production in
marketized and in network relationships - but in an overly
polarized way that obscures as much as it enlightens. Drawing on
the results of extensive interviews conducted with manufacturers in
the American Upper Midwest, Whitford shows that the range of
possibilities is more complex and contingent than is usually
recognised. Highlighting heretofore unexamined elements of
constraint, contradiction, and innovation that characterize
contemporary network production models, Whitford shakes received
understandings in economic and organizational sociology,
comparative political economy, and economic geography to reveal
ways in which the American economic development apparatus can be
adjusted to better meet the challenges of a highly decentralized
production regime.
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