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"There is currently a popular view that the world is undergoing profound changes in the fundamental relationships upon which it is organized. In particular, there is widespread talk of a 'globalized' economy, facilitated by and associated with 'new' techno"
Lazonick explores the origins of the new era of employment insecurity and income inequality, and considers what governments, businesses, and individuals can do about it. He also asks whether the United States can refashion its high-tech business model to generate stable and equitable economic growth. --from publisher description.
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.
This book addresses ‘global social economy’ which addresses the relation of capitalism to human flourishing, the role of international governance in the world economy, the transformation of work and use of time in internationalizing economies, cross-country developments in gender, poverty, and ageing, and ethics economic policy issues in the international economy. This edited collection examines the social nature of capitalism today, the possibilities for social and economic development in the world under the democratic leadership of the United Nations, and the middle ground between market and hierarchy occupied by gift exchange as a means of coordinating economic value creation and the creation of knowledge. It considers long term issues in the global social economy concerning gender and discrimination, intergenerational poverty transmission, and the role of ageing. From a variety of internationally acclaimed contributors, this collection introduces new social economic perspectives on the global economy that contest the neoliberal Washington Consensus view dominant until recent financial crises.
This book presents an entirely new approach to knowledge, creativity and social organisation. The first part of the book provides a trenchant critique of current globalisation, of multinational corporations, the WTO, and intellectual property rights. The rest of the book outlines an alternative globalisation based on inclusion, democratic participation, and equality. The role of the universities in this process is given special attention. The alternative globalisation is still based on the market economy but not necessarily one in which the sole objective of the corporations is to maximise profits. The book is a must-read for all economists, including those who are satisfied with the current state of the subject. The analyses of this volume of outstanding papers edited by Sacchetti and Sugden are fresh, sober and entirely convincing. Ajit Singh, University of Cambridge, UK It is arguable that at the root of the current global crisis lies the ferocious attack on critical thinking indeed freedom of thought that has taken place over the past 30 years or so. The editors of this volume are among the minority voices that kept thinking outside the box and voicing their views during this period. Their present volume offers fascinating readings on diverse issues ranging from uneven development, through university and art management, to motivation, capabilities and democratic governance, as they relate to knowledge and learning. It is hoped that the book will receive the attention it deserves and that more such voices will now be raised and heard. Christos Pitelis, University of Cambridge, UK While the relevance of knowledge in economic development represents a consolidated result, this volume takes some important steps forward in new directions. Highly valuable is the attempt to integrate the study of knowledge production, with its potential for improved creativity, whose expression is now dependent on the social structure and is not merely exogenous any more. The focus on heterodox approaches and on non-traditional organisational and proprietary forms is particularly coherent with both the theoretical premises of the volume and the expected evolution of economies. Carlo Borzaga, University of Trento, Italy This is a collection of essays which escapes the confines of mainstream economics, raising fundamental questions of the role of academics in policy making. It requires the reader to imagine different worlds to think beyond present realities; a book striving to deal with important issues, not sliding over them to make cheap points. A scholarly work; demanding, in places difficult, but worth persevering with. Should be read by everyone interested in a different way forward for economic development in a global world. Keith Cowling, University of Warwick, UK This innovative book offers a critical perspective on the state of the current global economy, making sense of knowledge-related issues by critically assessing existing institutional choices, as well as pointing to new ways forward. The pioneering chapters reposition knowledge in a number of economic debates including regional development, property rights, social enterprises, corporate governance, the management of universities, and the role of creative activities. They explore the possibility of an institutional dynamism that impacts not only on the characteristics of localities and their place in a hierarchical and ordered system of relationships, but on the nature of the system itself. Conclusions point at the individual and collective dimensions of the knowledge discovery process, suggesting a renewed approach to the assessment of economic choices. This insightful book offers an original perspective on knowledge-related issues and constitutes a valuable read for academics and postgraduate students in international business and economic competitiveness, as well practitioners and policymakers who are interested in alternative analyses and methods for economic develop
Industrial issues are often inextricably linked with labour market concerns and policy approaches that attempt to consider production and employment separately are inherently flawed." This controversial statement sums up the heart of this important book. With contributions from such scholars as Keith Cowling, Malcolm Sawyer and Michael Kitson, Industrial and Labour Market Policy and Performance covers such topics as: * the increasing inequality between rich and poor * the links between innovation, competition and collaboration * education, skills formation and human resource management The evidence-led nature of the book will make it an important and useful read for students and academics involved in labour economics, industrial economics and industrial policy. The controversial findings of many of the chapters and its readable style will also appeal to informed policy commentators as well as policy-makers themselves.
In the aftermath of the global recession, job creation is a policy priority. While it is a well-accepted fact that the majority of jobs are created by small and medium-sized enterprises, not all SMEs are rapidly growing, or even intend to expand. With limited public budgets, business models within the SME population that do show high job creation potential become very attractive. One of the business types identified as major engines of job creation are ‘born globals’ characterised as firms which engage intensively in internationalisation activities shortly after start-up. They are high on the entrepreneurship research agenda but so far little attention has been devoted to their potential as job creators, the processes they apply when hiring and the barriers they face. Through a combination of secondary data analysis, literature reviews and international case studies, European Born Globals sheds new light on the motivations and processes of job creation in born global firms. It will contribute to understanding the ‘why’ and ‘how’ of job creation in born globals, essential not only for policy makers, but also for academic research and management education.
Despite the continued popular success of his works, John Kenneth Galbraith's contribution to economic theory is rarely recognized by today's economists. This book redresses the balance by providing an introductory and sympathetic discussion of Galbraith's theoretical contributions, introducing the reader to his economics and his broader vision of the economic process.
This innovative volume explores the role of networks and variation in their forms of governance in delivering successful local and regional economic development. Written by experts from different disciplines, it offers a judicious mix of general theoretical reflections and specific case studies of different places, sectors, and scales. The result is an important contribution to an emerging research agenda on networked governance and the governance of networks and their influence on competitiveness in and across different scales of economic activities. Bob Jessop, Lancaster University, UK Networks, Governance and Economic Development represents one of the most authoritative compilations on the role of networks. The editors have brought together an impressive group of scholars who, from different disciplinary approaches, provide a fantastic overview of the key aspects in the governance of networks and on how they affect local economic development. Andrés Rodríguez-Pose, London School of Economics, UK This compact and authoritative book brings together the topical themes of networks and governance to advance understanding of the determinants of local economic development in the context of increasingly global relationships. Analyzing the governance of networks is critical in understanding how individual localities are able to promote development and consolidate positions within global production systems. In addressing such issues, this book accomplishes a significant bridging of disciplinary boundaries, incorporating different theoretical and empirical perspectives on the meanings and roles of territory, economic development and different forms of networks and governance. Networks, Governance and Economic Development brings together the analysis of leading researchers in their fields, following their interactions at a European Science Foundation exploratory workshop. The chapters will be an invaluable resource to researchers working in the fields of regional economic development, economic geography and economic policy as well as postgraduate students taking modules that specialize in aspects of the above themes.
Explores Japan's economic crisis and recovery, analysing the role of corporations, the state, macroeconomic and industrial policy, and the changing status of Japan as an economic role model. This book covers such topics as: the relevance of Western economic models to the Japanese case; and the Japanese macro-economy and financial system.