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This collection of essays shows the high degree of complementarity between foreign direct investment and home export, challenging the long held fear that firms investing abroad leads to a loss of employment and decline in the home country.
The editors are experienced, well published authors in the area of innovation and economic development. This book offers a wide coverage of issues within Europe.
People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.
There is wide consensus on the importance of knowledge for economic growth and local development patterns. This book proposes a view of knowledge as a collective, systemic and evolutionary process that enables agents and social systems to overcome the challenges of the limits to growth. It brings together new conceptual and empirical contributions, analysing the relationship between demand and supply factors and the rate and direction of technological change. It also examines the different elements that compose innovation systems. The Economics of Knowledge, Innovation and Systemic Technology Policy provides the background for the development of an integrated framework for the analysis of systemic policy instruments and their mutual interaction the socio-political and economic conditions of the surrounding environment. These aspects have long been neglected in innovation policy, as policymakers, academics and the business community, have mostly emphasized the benefits of supply side strategies. However, a better understanding of innovation policies grafted on a complexity-based approach calls for the appreciation of the mutual interactions between both supply and demand aspects, and it is likely to improve the actual design of policy measures. This book will help readers to understand the foundations and working of demand-driven innovation policies by stressing the importance of compent and smart demand.
Appealing to both mainstream and evolutionary economists, this book, written by an author with an excellent track record, is acrossover treatment of quantitative and qualitative risk analysis within the setting of new high technology ventures.
What Do We Know About Globalization: Issues of Poverty & Income Distribution examines the two fundamental arguments that are often raised against globalization: that it produces inequality and that it increases poverty. A lively and accessible argument about the impact and consequences of globalization from a leading figure in economics - Dehesa is Chairman of the Centre for Economic Policy Research and a member of the Group of Thirty Demonstrates the ways in which wealthy nations and developing countries alike have failed to implement changes that would result in a reversal of these social ills Dispels the notion of the so-called 'victim of globalization', demonstrating how, despite popular belief, acceleration of globalization actually stands to reduce the levels of poverty and inequality worldwide Asks whether increased technological, economic, and cultural change can save us from international income inequality, and by extension, further violence, terrorism and war
Exploring the technological advantage of nations, their performance and pattern of specialization and the affect of their financial and governance systems, this book discusses changes that need to be made so that they can cope with new challenges.
The ongoing process of revising and rethinking the foundations of economic theory leads to great complexities and contradictions at the heart of economics. ‘Economics of innovation’ provides a fertile challenge to standard economics, and one that can help it overcome its many criticisms. This authoritative book from Cristiano Antonelli provides a systematic account of recent advances in the economics of innovation. By integrating this account with the economics of technological change, this exceptional book elaborates an understanding of the effects of the introduction of new technologies. This excellent, comprehensive account from respected expert Antonelli will be much appreciated within the innovation economics community, yet it is also a book that should be read by all those with either a private or professional interest in economic theory.
This impressive book sees the author applying and extending the resource based view of the firm to explain and predict the strategy of corporate diversification. Technological Resources and the Logic of Corporate Diversification is an original and authoritative book that will be extremely useful to academics and students in such disciplines as business economics, corporate strategy and international business.
This book offers an analysis of how firms manage to reconfigure their pool of resources, to deal with the turbulent environments in which they are embedded, thus tackling the issue of how dynamic capabilities must be defined and conceptualized.