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Institutionalist analysis is increasingly used as a key research
tool for economists confronted with the shortcomings of mainstream
economic analysis and the problems presented by the transformation
of socio-economic systems in Eastern Europe. On Economic
Institutions brings together leading economists working in a wide
range of research traditions who examine theories of institutions
and institutional change. This important volume shows that the
failure of most neoclassical economic analysis to consider economic
institutions is a major shortcoming in scholarship which seeks to
describe and understand crucial economic phenomena. After
discussing the dynamics of institutional change, the contributors
examine the explanatory variables necessary for researching
institutions and pay particular attention to 'efficiency' as the
key variable used by neoclassical institutional analysis. Later
chapters examine the processes of institutional change focusing on
issues such as path dependency, selection mechanisms and
institutional dynamics, and methodological issues in analysing
economic institutions. An introduction by the editors places these
papers in context and traces the development of economic research
across the various schools. Economists from both neoclassical and
institutionalist schools, as well as economic historians, are
making increasing use of institutionalist analysis as a key
research tool. In bringing together cutting-edge theory and
research on economic institutions, this important volume will be
welcomed by scholars working in evolutionary and institutionalist
research traditions, as well as by organizational theorists and
sociologists.
Clustering as an economic policy concern has become increasingly
fashionable. The authors of this book shed light on this subject of
which there remains remarkably little understanding, and even less
agreement, regarding what clusters are, what they require for
success and what impacts they are likely to have in different
contexts, locally, nationally and globally. Clusters and
Globalisation brings together scholars with different perspectives
and theoretical groundings, and from different disciplines, to
consider conceptual arguments and case study material. In doing so
the volume identifies key characteristics and requirements of the
forms of cluster that are especially significant for the attainment
of economic success in a globalising world. This unique critical
analysis of clusters in the framework of globalisation will
strongly appeal to students and academics with an interest in
economic development, public policy and globalisation. The book
will also be of great interest to researchers in policy agencies
concerned with local economic development and the design of cluster
policies.
Written by an expert team and praised for its refreshing approach,
this essential text offers a critical, holistic understanding of
strategy theory and practice. The fourth edition has been fully
updated to include: * Coverage of contemporary issues including the
Covid-19 pandemic, climate change and digitalization * Topical and
engaging case studies such as Disney's Strategy and Covid-19,
Netflix Versus Amazon: Dynamic Capabilities for Global Success, and
PS5, Xbox and BMW: Chips and Supply Chains * A wealth of new
examples of strategy in practice from world-renowned organisations
such as Google, Uniqlo, Tesla, IKEA, and Airbnb Suitable for both
undergraduate and postgraduate study, Strategy: Theory and Practice
encourages readers to engage critically with the internal and
external factors that shape strategy in the real world. A selection
of tried and tested online resources, including a teaching guide,
PowerPoints, an online case study bank and test bank of questions
have been developed to support lecturers using the book in their
teaching. Stewart Clegg is Professor at the University of Sydney,
Emeritus Professor at the University of Technology Sydney, and
Visiting Professor at the University of Stavanger, University of
Johannesburg, and Nova School of Business and Economics. Christos
Pitelis is Head of Department of International Business and
Professor of International Business and Sustainable Competitiveness
at the University of Leeds, and Life Fellow at Queens' College,
University of Cambridge. Jochen Schweitzer is an Associate
Professor at the University of Technology Sydney. Andrea Whittle is
Professor of Management at Newcastle University Business School.
Today greenness is goodness; non-greenness is not an option. It is
therefore critical to advance thinking on why and how business,
consumers and policy makers can contribute to the goal of
sustainable global wealth creation. This volume analyzes the
strategic sustainability issues confronting contemporary business,
and explores the transformation in values, strategies, and
practices needed by modern businesses to attain sustainable
business. It is is developed from a Global Business Symposium
organized by the Centre for International Business and Management
(CIBAM) at Cambridge University in February 2009, which brought
together leading academics, scientists and engineers, government
leaders, and business executives to consider the transformation in
business values and strategies implicit in sustainability. Green
Business, Green Values and Sustainability offers a concise and
definitive book on the green transformation of business in major
sectors including government, finance, energy, and retail.
Different solutions to sustainability are explored including
ethical approaches, alternative environmental strategies, corporate
responsibility, and carbon reductions.
Today greenness is goodness; non-greenness is not an option. It is
therefore critical to advance thinking on why and how business,
consumers and policy makers can contribute to the goal of
sustainable global wealth creation. This volume analyzes the
strategic sustainability issues confronting contemporary business,
and explores the transformation in values, strategies, and
practices needed by modern businesses to attain sustainable
business. It is is developed from a Global Business Symposium
organized by the Centre for International Business and Management
(CIBAM) at Cambridge University in February 2009, which brought
together leading academics, scientists and engineers, government
leaders, and business executives to consider the transformation in
business values and strategies implicit in sustainability. Green
Business, Green Values and Sustainability offers a concise and
definitive book on the green transformation of business in major
sectors including government, finance, energy, and retail.
Different solutions to sustainability are explored including
ethical approaches, alternative environmental strategies, corporate
responsibility, and carbon reductions.
Contents: 1. The (Theory of the) Transnational Firm: the 1990s and Beyond Christos Pitelis and Roger Sugden 2. A Survey of Theories of International Production John Cantwell 3. A Critical Re-evaluation of Hymer's Contribution to the Theory of the Transnational Corporation Mohammad Yamin 4. Transaction Costs Theory and the Multinational Enterprise Jean-Francois Hennart 5. The Eclectic Paradigm of International Production: A Personal Perspective John H. Dunning 6. The Resource-based Approach to Multinational Enterprise Neil Kay 7. Strategic Management and Transnational Firm Behaviour: A Formal Approach Edward M. Graham 8, An All-Weather Company: The (theory of the) Transnational Corporation and the Role of the Demand Side Christos Pitelis 9. Divide and Rule by Transnational Corporations James Peoples and Roger Sugden.
The Nature of the Transnational Firm brings together the major approaches to the transnational firm in one volume. Leading thinkers present overviews of a vibrant theoretical literature and assess the current state of analysis. Thoroughly revised and updated to take account the explosive growth of foreign direct investment in the 1990s, this volume will be welcomed by students and researchers of international business, international economics and business economics. Contributors include: John Cantwell, John H. Dunning, Edward M. Graham, Jean-Francois Hennart, Neil Kay.
Has privatization worked in practice? Only recently has sufficient
empirical evidence become available to answer this question.
Earlier studies of privatization have, by necessity, been largely
concerned with a theoretical analysis of privatization policy. The
Political Economy of Privatization draws together substantial
evidence and analysis of the experience of privatization programmes
in practice over the last ten years. The authors assess the
different means of implementing privatization policies and analyse
the impact on the economy. The work is an international study of
the extensive privatization of the public sector of the advanced
industrial countries; the rapid marketization of the East European
countries; and the pressures upon developing countries to adopt
re-regulation and privatization as the route towards economic
growth. The results demonstrate that, far from being a uniform
process, privatization can take many forms - from wholesale
denationalization to the contracting of competitive tendering.
In The Political Economy of Privatization the authors assess the
success of privatization. The work is an international study of the
extensive privatization, and the pressure towards privatization, in
different parts of the world. The book includes:
* A study of the relationship between ownership and performance;
* An assessment of the importance of market structure and
regulation;
* A discussion of privatization strategies within the public
sector;
* Individual country case-studies, looking at the experience of
different countries engaged in the contrasting approaches to
privatization.
* A critical assessment of the much vaunted relationship between
ownership and efficiency.
Written by an expert team and praised for its refreshing approach,
this essential text offers a critical, holistic understanding of
strategy theory and practice. The fourth edition has been fully
updated to include: * Coverage of contemporary issues including the
Covid-19 pandemic, climate change and digitalization * Topical and
engaging case studies such as Disney's Strategy and Covid-19,
Netflix Versus Amazon: Dynamic Capabilities for Global Success, and
PS5, Xbox and BMW: Chips and Supply Chains * A wealth of new
examples of strategy in practice from world-renowned organisations
such as Google, Uniqlo, Tesla, IKEA, and Airbnb Suitable for both
undergraduate and postgraduate study, Strategy: Theory and Practice
encourages readers to engage critically with the internal and
external factors that shape strategy in the real world. A selection
of tried and tested online resources, including a teaching guide,
PowerPoints, an online case study bank and test bank of questions
have been developed to support lecturers using the book in their
teaching. Stewart Clegg is Professor at the University of Sydney,
Emeritus Professor at the University of Technology Sydney, and
Visiting Professor at the University of Stavanger, University of
Johannesburg, and Nova School of Business and Economics. Christos
Pitelis is Head of Department of International Business and
Professor of International Business and Sustainable Competitiveness
at the University of Leeds, and Life Fellow at Queens' College,
University of Cambridge. Jochen Schweitzer is an Associate
Professor at the University of Technology Sydney. Andrea Whittle is
Professor of Management at Newcastle University Business School.
This book looks at the role of the modern corporation in advanced
capitalist countries. In particular it considers corporate control
and shareownership and the impact of these on consumers' choice,
the mobilization of financial capital, the saving function, and the
question of the potentially inherent tendency towards stagnation
and crisis. The author suggests that there is a tendency towards
social ownership of the means of production in modern capitalist
economies, directly via share purchase and indirectly via, e.g.,
occupational pension funds, while at the same time control and
appropriation remain vested in a small minority. This is shown to
affect financial capital accumulation and the saving function,
since the competition between giant corporations encourages their
controllers to increase corporate saving above the level desired by
small shareholders who are suggested to be unable fully to
compensate for such increases by their actions.
Edith Penrose has been one of the most significant economists of the second part of the twentieth century. Her contribution to the theory of the firm has reinvented and productively developed the classical tradition in economics, and informed the currently dominant, knowledge-based theory of the firm. This volume builds on a special issue of Contributions to Political Economy that celebrated forty years since Penrose's classic The Theory of the Growth of the Firm. It includes fifteen chapters by leading contributors on the aforementioned aspects of Penrose's work.
This book celebrates the monumental contribution to economics, strategic management, international business, and more of Edith Penrose -- the first person to analyse the theory of the growth of the firm. She examined knowledge creation within firms, leading to endogenous growth and to limits to growth, and applied her insights to business strategy and industrial organization. In this volume, eminent economists and management scholars assess, apply, and extend Penrose's contribution to new fields of enquiry.
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