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The Evolution of the World Economy - The 'Flying-Geese' Theory of Multinational Corporations and Structural Transformation (Hardcover)
Loot Price: R2,731
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The Evolution of the World Economy - The 'Flying-Geese' Theory of Multinational Corporations and Structural Transformation (Hardcover)
Series: New Horizons in International Business series
Expected to ship within 12 - 17 working days
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The world economy is near a critical crossroads, as a rising China,
the greatest-ever beneficiary of US-led capitalism, dreams to
replace America's supremacy as a new hegemonic power with a
non-liberal world order. This third volume of the trilogy on
reformulating the 'flying-geese' theory explains how capitalism has
changed industrial structures across the world. It asks whether the
'flying-geese' formation will survive the changes that have
produced the East Asian miracle, and - as hoped - spread to
Africa.Terutomo Ozawa's reformulated 'flying-geese' theory explains
structural changes as an innovation-driven, ratcheting-up process
of economic growth and shows that market-driven multinational
corporations are key players for a successful 'flying-geese'
formation and structural transformation. The book argues that the
'ladder' of economic development must be conceived as a
double-helix with inter- and intra-industry rungs, the latter
embedding cross-border supply chains and adaptive innovations. A
thorough exploration of the structural changes under Pax Britannica
and Pax Americana - moving from 'kicking away the ladder' from
emerging economies to then providing it - demonstrates that this
trend engenders multinational corporations that can facilitate
structural transformation, particularly in catching-up economies.
Ozawa shows that China is now in the critical transitional period
that requires more sophisticated institutional, socio-political
setups, as well as more advanced knowledge and ethics to move from
the lower to the higher rungs. This enlightening, accessible and
timely conclusion to Ozawa's trilogy will be of great interest to
many, particularly those specialising in international business,
economics, political science, and international relations.
Academics and practitioners alike will find this an invaluable
resource.
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