The Globalization of the World Economy series – serie

Globalization has been the subject of fierce academic and public debates over the past two decades, but the focus has tended to revolve around 'objective' aspects linked to economics and technology. This authoritative title, edited by a leading academic in the field, brings together important papers which cover the equally crucial 'subjective' dimensions with particular emphasis on the production and dispersion of cultural meanings, identities and practices. This research review will be of use to anyone with an interest in the subject of globalization and culture.

The rapid international expansion of Chinese businesses has evoked mixed perceptions in host countries and among policymakers. This literature review critically analyses rigorous studies on the motivation, background, strategy, and impact of Chinese outward foreign direct investment and the emergence of Chinese multinational enterprises (MNEs). It is thus informative for the next wave of academic research on Chinese and emerging market MNEs in international business, political economy, economic geography and political sciences. Written by two experts in the field, this valuable study provides an important backdrop for academics who intend to understand emerging market MNEs in order to advise policymakers.

Business firms from the emerging markets of Asia, Africa, Eastern Europe and Latin America are becoming increasingly important players in the global economy. Owned and controlled by indigenous nations these emerging transnational corporations are greatly influenced by the social and institutional contexts of their home countries. As a result of the process of globalization, these corporations are engaged in a diverse range of international operations including the establishment of wholly-owned foreign subsidiaries, to joint ventures and strategic alliances.This authoritative collection sheds new light on the global and regional operations of business firms from emerging markets and shows how the pressures of the competitive global economy help shape the management and organisation of these firms.The Globalization of Business Firms from Emerging Economies presents a comprehensive and authoritative selection of the most important articles and papers on this subject published during the last twenty five years. Drawing on a wide range of sources, it will improve access to an important literature which is crucial to the understanding of a significant new area of international business. The collection will be of particular interest to students, researchers, scholars and practitioners involved in international business, industrial economics and economic geography.

Globalization and Labour Markets is an authoritative two-volume collection which will prove an invaluable source of reference to students and scholars in the field of labour markets in the new global economy.Volume I features articles on the Stolper-Samuelson theorem and trade and wages whilst volume II focuses on labour market microstructure and adjustment, trade and employment, migration and labour market adjustment and foreign direct investment and labour markets.

The widespread capital market liberalisation has resulted in a massive surge in international capital flows and the development of a more integrated world financial system. At the same time, however, the volatility of capital flows has increased and the stability of this modern financial system has been called into question by a number of financial and currency crises. In this volume the editors assess the behaviour of international capital markets during this period, focusing on both the causes and the consequences of financial instability. They examine the origins of the Latin American and East Asian crises and the lessons that can be drawn from these, and they consider the proposals for reform of the international financial system which have followed. This collection of papers, written by both academics and practitioners, is addressed both to specialists and to a wider audience, and will provide insight into an extremely important global development.

The purpose of this volume is to bring together the leading scholarly papers about how globalization has impacted the role of SMEs. In fact, globalization has affected SMEs in two major ways. The first has been to facilitate the transnational activities of SMEs. Transnational activities, ranging from exports to foreign direct investment to participating in global value chains have become easier as a result of globalization. The second impact of globalization has been to shift the source of competitiveness towards knowledge-based economic activity, which has led to an increased role for SMEs. The first section of this volume examines how globalization has affected the role of SMEs in the economy. The second section of the volume is devoted to global strategies by SMEs The third section focuses on an important type of global activity of SMEs, which involves foreign direct investment. The fourth section focuses on the role of clusters and networks in generating SME competitiveness in global markets. SME export strategies and performance is analyzed in Section Five. Section Six examines the impact that the international mobility of labour has had on SMEs. The seventh section focuses on the role that SMEs play in transnational technology transfer. Section Eight is devoted to SMEs in the context of developing countries. In the final section of the volume policy issues are raised. This includes identifying how policy needs to address barriers to internationalization confronting SMEs.

This authoritative collection reprints the key articles in the field of locational clustering, and the relationship between local clusters and the activities of multinational firms. It covers both the principal theoretical and statistical explanations of the clustering of firms in common locations, and includes a selection of important empirical studies of this phenomenon. Special attention is given to the role played by knowledge spillovers, and notably the geographical dimension of the relationship between firms and universities. Further articles demonstrate how, contrary to some popular beliefs, globalization is not only consistent with the emergence of a new emphasis upon locational clustering, but in many ways it has helped to promote the differentiation of the productive capabilities of different locations, and so has reinforced clustering and reflected it. Globalization and the Location of Firms will appeal to all those interested in the revival of the role of location in economics and business, from any of a variety of perspectives on the subject.

Globalization and Economic and Financial Instability is an authoritative collection of important previously published articles addressing the changing nature of the linkages between domestic financial systems caused by the globalization of economic activity and capital flows. How these linkages affect developed emerging and developing economies are investigated as well as how increased linkages between economies might add to economic instability in these economies.This innovative collection will be of particular interest to those researching and involved in the international flow of capital.

Global Supply Chain Management brings together in two authoritative volumes the best and most interesting academic work on global supply chain management from international business and international management, marketing, strategic management, operations management, purchasing and supply management, and economics.It includes the various theories, levels of analysis, concepts, and empirical trends that have come to shape our understanding of this recently emerged area of research. The questions it answers include 'In what way do buyer-supplier relations differ across countries', 'What are the consequences of offshore sourcing for firms, industries, and countries', 'How should firms manage cultural differences between themselves and their suppliers', and 'How can firms use global SCM to improve their performance'.This book will be an invaluable resource to any academic researcher or student with an interest in global SCM, but is also accessible enough and useful for practitioners who deal with this topic at a strategic or tactical level.

This authoritative edited volume offers, for the first time, a selection of critical perspectives on globalization. These critiques incorporate work from radical and feminist scholars opposing the new liberal ideology underlying globalization. It also sheds new light on the different types of costs and risks of globalization in terms of environment, health hazards, international terrorism and cultural homogenization.The book is intended for a wide audience and will be of interest to students and researchers in economics, politics, international relations, geography and development studies, as well as policy makers and activists in governmental and non-governmental organizations.

This two-volume set is an indispensable selection of recent and classic research papers exploring the link between globalization and productivity growth. The editors' careful selection includes articles that focus on the impact of globalization on aggregate productivity, openness, international technology diffusion, and trade adjustment and productivity growth. Other topics include inward and outward foreign direct investment, international outsourcing and the critical relationship between exporting and productivity. The set will be an essential reference point for researchers, students and policy-makers concerned with globalization and productivity.

Globalization provokes both excitement and fear. This comprehensive collection, which brings together some of the most important published work on the subject, addresses a core issue of contention: the implications of globalization for poverty and inequality. While the debate is highly politicized, this insightful set of papers focuses on the contributions made by academic economists. Globalization may be regarded by some as the realization of new opportunities through the removal of barriers to the flows of goods, services, factors and knowledge. However, it may also have adverse consequences: notably for farmers and unskilled workers in rich countries and for workers in protected industries in poor countries. In addition, this important collection investigates the implications of globalization for the power of international corporations and for the sovereignty of poor countries. It also explores topics such as the history of globalization, migration, capital movements and international institutions.

Multinational enterprises (MNEs) invest in a variety of host economies, and closely interact with local businesses and society at large. This role has become the focus of policy debates of all sorts, as MNEs are seen as a primary conduit of globalization, thus spreading both its benefits and its negative side effects.This selection offers an interdisciplinary perspective on MNEs and host economies. Theoretical models are provided by economics research, yet some of the more subtle and complex forms of impact are hard to analyse using economics methodologies. A range of other disciplines such as management, sociology and ethics thus contribute to the discussion of these wider issues. The articles in this collection cover theoretical and empirical studies on the horizontal and vertical impact on local firms, to issues of labour standards and the natural environment, and normative issues.

This authoritative title presents seminal papers from leading academics on the evolving field of globalization and its effects on corporations and enterprises. Professor Buckley has selected key works which define the global factory and cover important research areas including the antecedents of the global factory, the effect of globalization on international networks, offshoring and outsourcing as well as formal theoretical models. This indispensable book will be of immense value to students, scholars and practitioners interested in this topical and relevant field.

The field of globalization and transport has witnessed a surge in interest over the past two decades with scholars questioning the reasoning behind its growth, its impact on the environment and trade as well as its effect on the development of cities and supply chain logistics. The editors have selected seminal works from leading academics to address these issues and outline the diverse and controversial nature of this subject.

This path-breaking collection, edited by two leading scholars in the field, brings together seminal contributions from the burgeoning multidisciplinary literature on the globalization of retailing. In addition to focusing on the retail corporations and their expansionary strategies, it explores the multi-faceted impacts of retail globalization on host economies and profiles the store and sourcing dimensions of transnational retail activity.These volumes are of particular interest to scholars in management and business studies, economic geography, development studies and economics, and more generally to all social scientists interested in the transformative role of retailing within the global economy.

This title brings together the most significant modern contributions to the literature on globalization and inequality. The editor's selection, set in context by an authoritative introduction, uses broad analyses and important case studies to illustrate the impact on levels of inequality of previous periods of globalization and of the current era of globalization. The research review further focuses on the issues of openness and inequality, and concludes with several benchmark papers that examine global levels of inequality. This timely book will be an invaluable resource for anyone concerned with this vital relationship, including teachers, doctoral students and researchers.

This two volume set presents a wide-ranging selection of important articles, which explore the effects of the globalization of the world economy on developing and newly industrialized countries. It investigates policies of liberalizing trade in developing countries and the effects of the inflow of capital and investment; it explores how the trend towards developing regional trading areas in for example, Europe, the Americas and the Pacific area, affects and is affected by globalization. Further topics include the role of multinational firms, the effects of the economic decisions taken by worldwide organizations or by the institutions of the major economic players, and the impact of global policy issues such as environment and trade on emerging economies.

This volume offers an impressive collection of scholarly papers which investigate the historical foundations of globalization before 1945. The book explores the effects of the nineteenth century technologies of the railway, the telegraph and the steamship which promoted the globalization process by boosting trade across frontiers and triggering migration of labour and flows of capital to the temperate areas of agriculture. The colonial empires, in particular the British Empire, facilitated the process, as the integration of capital markets and monetary systems and methods of business organization followed trade and labour. The volume also covers the time between the wars, when impediments to trade, migration and currency movements increased and led to a period of deglobalization and divergence.

Rapid technological developments in communications and transportation, economic liberalization and the emergence of new economies with vast market potential have changed the shape of international production. This scholarly selection of articles represents some of the most important contributions to an understanding of this ongoing, global economic restructuring and its impact on the geographic configuration of production and the economic competitiveness of nations in the world economy.

This important two volume collection of previously published journal articles and book excerpts provides an extensive array of readings in the economics and politics of international trade and investment policy.Volume One focuses on the globalization of business and links policy issues to economic and political theory and to the strategies of corporations. Volume Two concentrates on multilateral institutions and agreements, regional arrangements and linkages among trade, investment, labour and environmental policy issues.The articles included in this collection have been drawn from diverse sources and represent analyses by scholars of many persuasions and nationalities.

International strategies and the organizational designs of multinational corporations are in a period of transition; the dominant designs of the recent past are gone and new dominant designs have not yet emerged. This authoritative collection of articles by leading international scholars presents the dominant ways of examining and understanding these current changes. It investigates contrasting points of view and provides the reader with a framework for evaluating the transformation of international corporations and for developing a critical insight which will be as useful for understanding future changes as it is for understanding those that have already occurred.

Banking, foreign exchange, bonds, equities and insurance services are now provided through an increasingly global marketplace. In financial services, as in other activities, globalization can be seen as a process opening up national economies and markets, widening the extent and form of cross-border transactions, deepening the international character of productive activity. As such, globalization is propelled by liberalization of trade and deregulation of capital markets, underpinned by technological change which is lowering communication and transport costs and enhancing the international tradeability of services.This volume brings together a range of articles examining the nature of globalization in financial services and the implications of the internationalization process for financial and regulatory policies. Contributions range from early analyses by Milton Friedman of the Eurodollar market, Harry Johnson of regional financial centres and Herbert Grubel of multinational banking to more recent studies examining the stock market crash of 1987, the globalization of payment systems and the financial collapse of BCCI and Barings.The 38 articles are divided into six sections covering trade in financial services, multinational banking, Eurocurrency banking, offshore services, exchange and securities and regulatory issues.

This comprehensive new collection provides a careful selection of the major writings to have appeared in the field of foreign direct investment (FDI) and technological change since 1966.It has been prepared by one of the leading contributors and pioneers in this field, and is an area of research that has attracted a steady growth in interest over the last thirty years.After a new introduction which critically surveys the literature, the collection provides a comprehensive coverage that incorporates the early analysis of FDI and technology; the theoretical foundations of the analysis of technological change in multinational firms; theoretical models and empirical studies of technology transfer; the internationalization of technology creation; technology-based inter-company alliances; the co-evolution of FDI and technological development at country level; the geographical localization of the technological efforts of foreign-owned affiliates and technology spillovers between firms.