Download or read book Fragmenting Globalization written by Ka Zeng and published by University of Michigan Press. This book was released on 2021-03-15 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global supply chain integration is not only a rapidly growing feature of international trade, it is responsible for fundamentally changing trade policy at international and domestic levels. Given that final goods are produced with both domestic and foreign suppliers, Ka Zeng and Xiaojun Li argue that global supply chain integration pits firms and industries that are more heavily dependent on foreign supply chains against those that are less dependent on intermediate goods for domestic production. Hence, businesses whose supply chain would be disrupted as a result of increased trade barriers should lobby for preferential trade liberalization to maintain access to those foreign markets. Moreover, businesses whose products are used in the production of goods in foreign countries should also support preferential trade liberalization to compete with suppliers from other parts of the world. Fragmenting Globalization uses multiple methods, including time series, cross-sectional analysis of the pattern of Preferential Trade Alliance formation by existing World Trade Organization members, a firm-level survey, and case studies of the pattern of corporate support for regional trade liberalization in both China and the United States. Zeng and Li show that the growing fragmentation of global production, trade, and investment is altering trade policy away from the traditional divide between export-oriented and import-competing industries.
Download or read book Fragmenting Markets written by Darrell Duffie and published by Walter de Gruyter GmbH & Co KG. This book was released on 2022-11-07 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade. Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
Download or read book Fragmenting Markets written by Darrell Duffie and published by Walter de Gruyter GmbH & Co KG. This book was released on 2022-11-07 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade. Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.
Download or read book Achieving Market Integration written by Scott McCleskey and published by Butterworth-Heinemann. This book was released on 2004-01-02 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing an overview of the infrastructure of European Securities markets, this text offers topical analysis of developments and trends in market integration. The author provides industry professionals with a concise exposition of how the post-Euro market works, as well as offering laymen an entry point into the subject. Topics include: wholesale electronic execution; central counterpart clearing; and consolidation of the securities depositories.
Download or read book Transparency and Fragmentation written by J. Board and published by Palgrave Macmillan. This book was released on 2002-01-01 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first major treatment of the effects of increased transparency on financial markets: an important and highly controversial issue for both traders and regulators. Focussing on three main themes - market transparency, the consolidation-fragmentation of trading systems, and the scope of regulation (i.e. which markets, and which traders within those markets, should be subject to regulation), the book highlights the importance of these issues to all markets throughout the world. The book draws on research from eight UK based investment exchanges, Deutsche Borse in Frankfurt and documentary evidence from the US markets and their regulators enabling the identification and documentation of the current situation and consideration of what fresh regulatory approaches are required for this new and fast evolving situation.
Download or read book Geoeconomic Fragmentation and Commodity Markets written by Mr. Jorge A Alvarez and published by International Monetary Fund. This book was released on 2023-10-03 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the economic impact of fragmentation of commodity trade. We assemble a novel dataset of production and bilateral trade flows of the 48 most important energy, mineral and agricultural commodities. We develop a partial equilibrium framework to assess which commodity markets are most vulnerable in the event of trade disruptions and the economic risks that they pose. We find that commodity trade fragmentation – which has accelerated since Russia’s invasion of Ukraine – could cause large price changes and price volatility for many commodities. Mineral markets critical for the clean energy transition and selected agricultural commodity markets appear among the most vulnerable in the hypothetical segmentation of the world into two geopolitical blocs examined in the paper. Trade disruptions result in heterogeneous impacts on economic surplus across countries. However, due to offsetting effects across commodity producing and consuming countries, surplus losses appear modest at the global level.
Download or read book The Great Fragmentation written by Steve Sammartino and published by John Wiley & Sons. This book was released on 2014-06-26 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doing business in the digital age The Great Fragmentation: And Why the Future of All Business is Small is a business survival manifesto for the technology revolution. As the world moves from the industrial era to the digital age, power is shifting and fragmenting. Power is no longer about might and ownership; power in a digital world is about access. Existing businesses need to understand this shift and position themselves to survive and thrive in an environment where entrepreneurs and start-ups enabled by access to technology are genuine threats. Author Steve Sammartino is widely regarded as a thought leader on the subject of technology and business, and helps companies transition from industrial-era thinking to the mindset and processes required to compete in today's digital marketplace. The Great Fragmentation shows how technological changes such as Big Data, gamification, crowdfunding, Bitcoin, 3D printing, social media, mashup culture and artisanal production will forever change business and the way we live our lives. Examine how the digital era has altered where we work, how we work, where we live and what we do Discover how the digital era has impacted social and economic structures, including educational systems, financial systems and government policy Understand that the social media and collecting 'friends' is just the tip of the iceberg in a digital business environment Weaving together insights from business, technology and anthropology, The Great Fragmentation provides both corporations and entrepreneurs with a playbook for the future of work, life and business in the digital era.
Download or read book Fragmentation written by Sven W. Arndt and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the world economy becomes more integrated, and industry becomes more globalised, constituent parts of products are made all over the world. This volume explores the theoretical implications and empirical manifestations of this phenomenon.
Download or read book Lecture Notes In Market Microstructure And Trading written by Peter Joakim Westerholm and published by World Scientific. This book was released on 2018-11-29 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written by Joakim Westerholm, Professor of Finance and former trading professional, is intended to be used as basis for developing courses in Securities markets, Trading, and Market microstructure and connects theoretic rigor with practical real world applications.Market technology evolves, the roles of market participants change, and whole market segments disappear to be replaced by new ways to exchange securities. Yet, the same underlying economic principles continue to drive trading in securities markets. Thus, the scope of the book is global, providing a framework that is relevant both for current market designs and for future markets we will see develop. It is designed to stay relevant in a rapidly evolving field.The book contains a selection of lecture notes through which students will gain an in-depth understanding of the mechanism that drives trading in securities markets. The book also contains another set of lecture notes with more advanced, research-based material, suitable for Honours or Master level research students, or for PhD candidates. The material is self-explanatory and can also be used for self-study, preferably in conjunction with assigned readings.
Download or read book Transparency and Fragmentation written by J. Board and published by Springer. This book was released on 2002-07-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first major treatment of the effects of increased transparency on financial markets: an important and highly controversial issue for both traders and regulators. Focussing on three main themes - market transparency, the consolidation-fragmentation of trading systems, and the scope of regulation (i.e. which markets, and which traders within those markets, should be subject to regulation), the book highlights the importance of these issues to all markets throughout the world. The book draws on research from eight UK based investment exchanges, Deutsche Borse in Frankfurt and documentary evidence from the US markets and their regulators enabling the identification and documentation of the current situation and consideration of what fresh regulatory approaches are required for this new and fast evolving situation.
Download or read book De Fragmenting Africa written by Paul Brenton and Gozde Isik and published by World Bank Publications. This book was released on with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is not achieving its potential in regional trade. This is of particular importance given the uncertainty surrounding the global economy and stagnation in traditional markets in Europe and North America and the emergence of Africa as a rising growth pole. The contributions to this volume highlight the enormous scope for increased cross-border trade in Africa in both goods and services and the reasons why such opportunities are not being exploited. The varied contributions show that for effective regional integration policy makers must look beyond simply removing tariffs to address barriers on the ground that constrain the daily operations of ordinary producers and traders. This requires a reform agenda, covering both goods and services that puts in place appropriate regulations for integrated markets and builds the capacity of institutions that are essential for trade across borders. The incidence of barriers to regional trade fall most heavily on the poor and women and prevents them from exploiting the opportunities that regional trade provides to diversify exports away from a narrow range of minerals and primary products that have been driving recent growth. Regional trade can play a key role in delivering the jobs that are needed for Africa’s young populations. The chapters have been written in a non-technical way to promote dialogue on regional integration in Africa amongst a broad audience that includes policy makers, officials, academics, entrepreneurs, consumers as well as the international development community.
Download or read book The outsourcing challenge written by Jan Drahokoupil and published by ETUI. This book was released on 2015-07-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production networks in many sectors have become increasingly fragmented. Cutting labour costs by lowering pay, increasing work intensity and/or shifting flexibility costs to workers are just some of the motivations for outsourcing. But it can also be used to circumvent employee representation and collective bargaining systems within companies, and labour market regulations in general. Though such intentions may not drive the bulk of outsourcing decisions, any change in company boundaries is likely to impact employment, working conditions and industrial relations in the value chain. This book focuses on the dynamics of outsourcing in Europe from the perspective of employees. In particular, it considers one insufficiently studied aspect: the impact of outsourcing on working conditions and employment relations in companies. The book also collects lessons learned from the efforts of employees and trade unions to shape outsourcing decisions, processes and their impact on employment and working conditions.
Download or read book Fragmenting Globalization written by Ka Zeng and published by University of Michigan Press. This book was released on 2021-03-15 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global supply chain integration is not only a rapidly growing feature of international trade, it is responsible for fundamentally changing trade policy at international and domestic levels. Given that final goods are produced with both domestic and foreign suppliers, Ka Zeng and Xiaojun Li argue that global supply chain integration pits firms and industries that are more heavily dependent on foreign supply chains against those that are less dependent on intermediate goods for domestic production. Hence, businesses whose supply chain would be disrupted as a result of increased trade barriers should lobby for preferential trade liberalization to maintain access to those foreign markets. Moreover, businesses whose products are used in the production of goods in foreign countries should also support preferential trade liberalization to compete with suppliers from other parts of the world. Fragmenting Globalization uses multiple methods, including time series, cross-sectional analysis of the pattern of Preferential Trade Alliance formation by existing World Trade Organization members, a firm-level survey, and case studies of the pattern of corporate support for regional trade liberalization in both China and the United States. Zeng and Li show that the growing fragmentation of global production, trade, and investment is altering trade policy away from the traditional divide between export-oriented and import-competing industries.
Download or read book The Political Ecology of Bananas written by Lawrence S. Grossman and published by Univ of North Carolina Press. This book was released on 1998 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of banana contract farming in the Eastern Caribbean explores the forces that shape contract-farming enterprises everywhere_capital, the state, and the environment. Employing the increasingly popular framework of political ecology, which highlights the dynamic linkages between political-economic forces and human-environment relationships, Lawrence Grossman provides a new perspective on the history and contemporary trajectory of the Windward Islands banana industry. He reveals in rich detail the myriad impacts of banana production on the peasant laborers of St. Vincent and the Grenadines. Grossman challenges the conventional wisdom on three interrelated issues central to contract farming and political ecology. First, he analyzes the process of deskilling and the associated significance of control by capital and the state over peasant labor. Second, he investigates the impacts of contract farming for export on domestic food production and food import dependency. And third, he examines the often misunderstood problem of pesticide misuse. Grossman's findings lead to a reconsideration of broader debates concerning the relevance of research on industrial restructuring and globalization for the analysis of agrarian change. Most important, his work emphasizes that we must pay greater attention to the fundamental significance of the "environmental rootedness" of agriculture in studies of political ecology and contract farming.
Download or read book The Global Trade Slowdown written by Cristina Constantinescu and published by International Monetary Fund. This book was released on 2015-01-21 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.
Download or read book Monopoly Power and Distribution in Fragmented Markets written by Hanan Jacoby and published by World Bank Publications. This book was released on 2001 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence from Pakistan's Punjab indicates that monopoly power in the market for groundwater (irrigation water extracted using private tubewells) results in a substantial resource misallocation. But despite this substantial misallocation of groundwater, a welfare analysis shows that monopoly pricing of groundwater has limited effects on equity and efficiency. Policies aimed at eliminating monopoly pricing would do little to help the poorest farmers.
Download or read book Quantitative Analysis of Newly Evolving Patterns of International Trade written by Robert M Stern and published by World Scientific. This book was released on 2012-03-23 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative Analysis of Newly Evolving Patterns of International Trade offers a variety of perspectives on new forms and developments of international trade and related activities for Japan, the United States, China, and some other important trading countries, to develop new methods and data for measuring the factor contents of emerging new modes of international trade. Such methods and data are crucially important for evaluating impacts of the new modes on factor markets in the United States, Japan, and other major trading countries, and also for forecasting the future development of world trade and foreign direct investment (FDI), evaluating welfare gains from trade, estimating impacts of free trade agreements, and designing effective trade and FDI policies. Contents:Introduction and Overview (Robert M Stern)Fragmentation and Outsourcing:The Determinants of Offshore Production by Multinational Corporations: A Comparison of Japanese and U.S. Multinational Corporations (Toshiyuki Matsuura, Kiyoyasu Tanaka and Shujiro Urata)Does Material and Service Offshoring Improve Domestic Productivity? Evidence from Japanese Manufacturing Industries (Keiko Ito and Kiyoyasu Tanaka)Does Firm Boundary Matter? The Effect of Offshoring on Productivity of Japanese Firms (Banri Ito, Eiichi Tomiura and Ryuhei Wakasugi)Global Sourcing: Evidence from Spanish Firm-Level Data (Wilhelm K Kohler and Marcel Smolka)The Effects of Offshoring on the Composition of Employment in Italy (Anna M Falzoni and Lucia Tajoli)Effects of Trade and Foreign Direct Investment:International Production/Distribution Networks in East Asia and Domestic Operations: Evidence from Japanese Firms (Mitsuyo Ando and Fukunari Kimura)Japan's Exports and Employment (Kozo Kiyota)What Determines the Extensive Margin of International Trade? An Investigation of the Cross-Section of U.S. Imports (Peter Debaere and Shalah Mostashari)Modes of East Asian Trade and Foreign Direct Investment: U.S. and Japan (K C Fung, Hitomi Iizaka and Alan Siu)The Influence of Multinational Exposure on Private Chinese Trade (Deborah Swenson)The Effects of Foreign Direct Investment on China's Labor Market (Theresa M Greaney and Yao Li)Clusters, Productivity, and Exports in Taiwanese Manufacturing Industries (Eric Y Cho and Hideki Yamawaki) Readership: Academic trade specialists as well as graduate and undergraduate students studying international trade theory and policy. Keywords:International Trade;International Economics;Foreign Direct Investment;New Modes of Trade;Effects on Factor Markets and Welfare;Designing Trade PoliciesKey Features:Analysis of new forms and developments of international tradeContributors include several notable Japanese, American, and European trade specialistsProvide deeper understanding of determinants and policy implications of new forms of international trade
