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World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.
East Asia's dynamic entrance into the global economy has provided a fruitful avenue for research in economic sociology. In this perceptive and timely volume, authors Nicole Woolsey Biggart, Gary G. Hamilton, and the late Marco Orru theorize Asian capitalism and analyze the economic organization of East Asia. Presenting differing dimensions of a Weberian perspective, the authors first provide a theoretical grounding, then consider capitalism in East Asia comparatively, and finally contrast the economies of East Asia and Europe. The Economic Organization of East Asian Capitalism shows how radically different social and cultural institutions can lead to economies that are organized and work in remarkably similar ways. This thought-provoking volume will be essential for students and professionals in the fields of political science, management, third world studies, sociology, international relations, international business, and cross-cultural studies.
This pathbreaking, multidisciplinary work challenges our unthinking acceptance of such terms as 'Asia Pacific' and 'Pacific Rim.' Clarifying the hidden power relationships and hegemonic struggles that are disguised by ideological constructions of the region, the contributors uncover fundamental contradictions_including the human costs and consequences_that underlie the much-celebrated economic boom. In evaluating the idea of 'Asia Pacific,' the book shifts our focus from abstract relationships between capital and commodities to the human interactions that have played a formative part in the region's constitution. The contributors agree that it is these interactions that constitute the region, rather than the physical boundaries of the Pacific. This revised and updated edition brings in additional essays focusing on conceptualizations of the Pacific, considers more fully interactions among countries, and strongly emphasizes peoples within the Pacific, who are routinely ignored in most discussions of the 'Rim.'
The 10 articles assembled in this volume examine old problems and new opportunities in development that are associated with trade, communication, population distribution and migration, culture and institutions. They explore possibilities for and obstacles to technological and institutional transfers between developed and developing societies at a time when capitalism and democracy appear triumphant. Points of convergence, parallel processes and equivalences in social problems and potential solutions across levels of development are noted. They point out that the hierarchy of the world economic system and indigenous cultures militate against the homogenization of the globe along Western lines.
New forms of organisation and market behaviour are emerging to replace and reshape older forms. This has produced great uncertainty in industrial organization theory. The purpose of this volume is to review and present some of the new approaches developed in industrial organization. The material is organised into four sections: recent approaches to Industrial Organisation, the behaviour of individual firms and the characteristics of industrial systems as a whole, new theories of the firm and market structure and technical progress and market structure - some special issues.
A major force in East Asia's remarkable economic growth and industrial transformation, foreign direct investment has been growing at 14?15 percent annually in Southeast Asia and China over the last decade. This timely volume examines the impact of investment on trade in the region, focusing especially on microeconomic issues of strategy, activity, and behavior of corporate investors. The contributors explore the role of corporate alliances and networks of Japanese and Chinese firms, as well as the influence of investors from newly industrializing economies, in the relocation of production and trade within the region.
Is big business on its way out? The author shows that the big firm is alive and well and becoming more flexible and efficient. He makes the case that although smaller companies have an important role to play, long term economic growth lies with the country's largest global companies.
Alan Trachtenberg presents a balanced analysis of the expansion of capitalist power in the last third of the nineteenth century and the cultural changes it brought in its wake. In America's westward expansion, labor unrest, newly powerful cities, and newly mechanized industries, the ideals and ideas by which Americans lived were reshaped, and American society became more structured, with an entrenched middle class and a powerful business elite. This is a brilliant, essential work on the origins of America's corporate culture and the formation of the American social fabric after the Civil War.