Download or read book Globalization of Small Economies as a Strategic Behavior in International Business written by Sergio A. Castello and published by Routledge. This book was released on 2014-05-01 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book postulates the proposition that small economies exhibit a higher degree of outward orientation and structural adaptability, compared to their larger counterparts within the context of the European Union and two case studies (i.e. Catalonia and New Zealand). The number of nations has doubled in the last half of the century to around 200 independent economic units. Moreover, the break-up of the former Soviet bloc into a large number of small independent nations in Central and Eastern Europe, and the continued threat of separatist groups (i.e. Canada, Spain, and Sri Lanka) have sparked economists' interest to focus on the size of nations once again. This book offers a more comprehensive measurement of smallness than the conventional one for the analysis of the globalization strategies and flexibility of countries to overcome smallness. Small independent economic units, when economically successful, tend to be more export focused in manufacturing, likely to specialize in differentiated manufactures, more actively involved with direct overseas businesses, more sensitive in strategically managing exchange rates, likely to be in a better position to achieve price stability, more actively involved in international trade through varying degrees of economic integration, likely to have a higher degree of flexibility, more actively involved to forge a complementary government-firm relationship, and likely to have a higher degree of corporatism.
Download or read book OPEN States in the Global Economy written by J. Moses and published by Springer. This book was released on 2000-05-05 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to the largely closed-economy assumptions of most cross-national work on economic policy-making, Open States in the Global Economy offers an outside-in framework for analyzing the way in which national economic sovereignty is affected by globalization. This framework is then applied to a detailed case study of Norway's economic policy in the postwar period. The 'Open State' framework offers a new way to interpret how external changes affect domestic policy-makers and their preferences.
Download or read book Pathbreakers written by Margrit Müller and published by Peter Lang. This book was released on 2008 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates on how small European countries coped with economic integration and disintegration during the twentieth century. Small countries had to adapt flexibly to the drastically changing conditions outside their borders. They had to find ways of maintaining their political autonomy notwithstanding their economic dependence, and they have been quite successful in accomplishing this difficult balancing act. The authors analyse how small countries responded to the challenges of the international system and describe the different policies and strategies pursued by governments, industries and firms. Originating from the XIII. Congress of the International Economic History Association (IEHA), the contributions to this volume offer new perspectives on a widely debated topic and contribute to a better understanding of the current process of globalisation in small and large countries. The volume is divided into three sections: I. Coping with Different Regimes for International Trade and Changing Competitiveness; II. From an Open World Economy to Economic Disintegration and Protectionism; III. Trade Liberalisation, European Integration and Deregulation.
Download or read book Economic Globalization and Asia written by Ramkishen S. Rajan and published by World Scientific. This book was released on 2003 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term OC economic globalizationOCO has been discussed extensively in the popular press, by business executives and by policy-makers all over the world. While academic economists have made some excellent contributions to specific, technical aspects of economic globalization, there appears to be a need for economists to discuss the broader aspects of the issue in a more accessible manner. Failing this, the general debate will be informed only by the writings of non-economists. That is the motivation for this book, which is a collection of essays on various aspects of economic globalization in general, but with specific reference to Asia. Contents: Economic Globalization: Finance, Trade and Taxation: Economic Globalization and Small and Open Economies: Finance, Trade and Taxation; International Monetary and Financial Issues in East Asia: International Capital Flows and Regional Contagion: Boom and Bust in East Asia in the 1990s; Liquidity-Enhancing Measures and Monetary Cooperation in East Asia: Rationale and Progress; Choosing the Right Exchange Rate Regime for Small and Open Economies in East Asia; International Trade Issues in Asia: The Nexus Between Trade Liberalization and Poverty in Asia; India''s Decade-Long Trade Reforms: How Does It Compare with Its East Asian Neighbours? (with Rahul Sen); Singapore''s Drive to Form Cross-Regional Trade Pacts: Rationale and Implications (with Rahul Sen); International Trade in Infrastructural Services in East Asia: Telecommunications and Finance; International Tax Issues in Asia: Economic Globalization and Taxation: With Particular Reference to Southeast Asia (with Mukul Asher). Readership: Policy-makers, businessmen, professionals and others with an interest in international economic affairs and international economic policy."
Download or read book Globalization and the Small Open Economy written by John H. Dunning and published by Edward Elgar Publishing. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains 11 papers originally presented at a conference held at the University of Antwerp, Belgium in December, 2000. Van Den Bulke (international management and development, U. of Antwerp), Verbeke (international business and public policy, U. of Antwerp) and other international scholars contend that globalization has a greater impact on small open economies than on large countries. A sampling of topics includes the role of multinationals in the Netherlands, environmental policy and corporate strategy in a small open economy, and the ownership structure of Belgian companies. c. Book News Inc.
Download or read book Open written by Kimberly Clausing and published by Harvard University Press. This book was released on 2019-03-04 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Financial Times Best Economics Book of the Year A Foreign Affairs Best Book of the Year A Fareed Zakaria GPS Book of the Week “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria “A vitally important corrective to the current populist moment...Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all.” —Justin Wolfers “Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board.” —Lawrence H. Summers, former Secretary of the Treasury “Makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community.
Download or read book Handbook on Small Nations in the Global Economy written by D. van den Bulcke and published by Edward Elgar Publishing. This book was released on 2009 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: These studies of the international competitiveness of small open economies demonstrate the critical importance of foreign direct investment as an engine of economic development: multinational enterprises are the key drivers of international competitiveness. Alan M. Rugman, University of Reading, UK Globalization has made every country small . The global economic crisis has made sure that every country has increasingly realised that it is open and vulnerable as well. This volume is both timely and relevant. Small country studies should become mainstream for scholars in business, economics and politics! Rob van Tulder, RSM Erasmus University, the Netherlands This book provides a fresh and clear-eyed view of the relationship between multinationals and location advantages of countries. It is one of the first attempts to build a constructive bridge between the theory of international business and the outstanding contribution of Michael Porter about the drivers of competitiveness. The authors address crucial issues demanding the attention of teachers, researchers, practitioners and political leaders. Philippe Gugler, University of Fribourg, Switzerland This unique, extensive Handbook illustrates that multinational enterprises can contribute substantially to the competitive advantage of small countries. It advances the notion that small nations increasingly need to rely on both home-grown and foreign multinational enterprises to achieve domestic economic success in industries characterized by international competition. The expert contributors explore the roles of firms in a range of small, successful open economies driven by such multinational enterprises across the globe. They juxtapose country data sets against Professor Michael Porter s paradigm of single diamond components and show that these single diamond components reflect merely a set of initial conditions, which can be improved upon through both inward and outward direct investment. Concluding that multinational enterprises create resource linkages between the home and host environments in which they operate, this Handbook proves to be a fascinating read for academics, students and researchers with an interest in business and management, economics and international economics.
Download or read book Open Economy written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-05 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Open Economy One sort of economy is known as an open economy, which is characterized by the fact that not only domestic factors but also entities from other nations engage in the exchange of goods. The exchange of administrative expertise, the transmission of technological know-how, and any other kind of commodities and services can all be considered forms of trade. There are some exceptions that cannot be traded; for instance, the railway services of one country cannot be swapped with those of another country in order to take advantage of the service. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Open economy Chapter 2: Balance of trade Chapter 3: David Ricardo Chapter 4: Keynesian economics Chapter 5: Free trade Chapter 6: Comparative advantage Chapter 7: Protectionism Chapter 8: Rudi Dornbusch Chapter 9: Export Chapter 10: Terms of trade Chapter 11: Non-tariff barriers to trade Chapter 12: Circular flow of income Chapter 13: International economics Chapter 14: Export-oriented industrialization Chapter 15: Mundell-Fleming model Chapter 16: J curve Chapter 17: International business Chapter 18: Competition (economics) Chapter 19: Import Chapter 20: Participatory Economics Chapter 21: Macroeconomic populism (II) Answering the public top questions about open economy. (III) Real world examples for the usage of open economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Open Economy.
Download or read book Globalization and the Theory of Input Trade written by Ronald Winthrop Jones and published by MIT Press. This book was released on 2000 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ronald Jones suggests how the basic core of real trade theory can be modified to take into account the increased international mobility of inputs and productive factors. As trade liberalization and the fragmentation of production processes promote greater international exchange of inputs, economists must adjust their thinking on trade issues. Transport costs have plummeted, and the difficulties of communicating between locales half a world apart have practically vanished. In this book Ronald Jones suggests how the basic core of real trade theory can be modified to take into account the increased international mobility of inputs and productive factors. He emphasizes the role of country "hinterlands" and how it is related to agglomeration effects in determining the location of economic activity. After discussing the positive aspects of enhanced mobility for output patterns and market prices, Jones evaluates the significance of globalization for governmental trade policies and public attitudes about regional alliances.
Download or read book Globaphobia written by Gary Burtless and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press, Progressive Policy Institute, and Twentieth Century Fund publication For much of the post-World War II period, the increasing globalization of the U.S. economy was welcomed by policymakers and by the American people. We gained the benefits of cheaper and, in some cases, better foreign-made products, while U.S. firms gained wider access to foreign markets. The increasing economic interlinkages with the rest of the world helped promote capitalism and democracy around the globe. Indeed, we helped "win" the Cold War by trading and investing with the rest of the world, in the process demonstrating to all concerned the virtues of trade and markets. In recent years, however, a growing chorus of complaints has been lodged against globalization--which is blamed for costing American workers their jobs and lowering their wages. The authors of this book speak directly and simply to these concerns, demonstrating with easy prose and illustrations why the "globaphobes" are wrong. Globalization has not cost the United States jobs. Nor has it played any more than a small part in the disappointing trends in wages of many American workers. The challenge for all Americans is to embrace globalization and all of the benefits it brings, while adopting targeted policies to ease the very real pain of those few Americans whom globalization may harm. Globaphobia outlines a novel, yet sensible program for advancing this objective. Copublished with the Twentieth Century Fund and the Progressive Policy Institute
Download or read book Bank Globalization and Monetary Policy Transmission in Small Open Economies written by Inhwan So and published by . This book was released on 2017 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how the openness of banking sector influences the transmission channels of home and foreign monetary policy shocks in small open economies. For the analysis, I construct a small open economy DSGE model enriched with a banking sector. I consider two forms of bank globalization: international bank capital finance and foreign loan account import. From the analysis, I find that bank globalization leads to a significant attenuation of domestic monetary policy transmission. On the other hand, opening of the banking sector intensifies the impact of foreign interest rate shocks on the local bank activities.
Download or read book Economic Globalization and Governance written by Luís Brites Pereira and published by Springer. This book was released on 2021-10-17 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.
Download or read book One Ring to Rule Them All New Evidence on World Cycles written by Eric Monnet and published by International Monetary Fund. This book was released on 2019-09-20 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and are generally driven by US shocks. But their impact is modest for most countries. The global financial cycle is also much weaker when looking at credit rather than asset prices. We also challenge the view that syncronization has increased over time. Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world business and credit cycles were as strong during Bretton Woods (1950–1972) as during the Globalization period (1984-2006). For most countries, the way their output co-moves with the rest of the world has changed little over the last 70 years. We discuss the reasons behind these new findings and their policy implications for small open economies.
Download or read book Economic Globalization and Governance written by Luís Brites Pereira and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.
Download or read book Globalization and Poverty written by Ann Harrison and published by University of Chicago Press. This book was released on 2007-11-01 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Download or read book Globalization Migration and Welfare State written by Assaf Razin and published by Springer Nature. This book was released on 2021-01-25 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about three key dimensions in economics—globalization, migration and the welfare state—that are of enduring interest. These issues are particularly important to consider at the present moment given the strains posed by the pandemic: there is at least a temporary setback to trade-globalization and migration, and the cost of fighting the pandemic will strain the ability of governments to provide welfare state services in a style and scope to which many of their citizens have become accustomed. The book explains the changing function of the welfare state in the presence of intensified globalization, or de-globalization, forces. The welfare state’s policy-maker attitudes toward openness and migration depend on open-economy fundamentals, and the income class it represents. The author demonstrates the interactions between migration, globalization and macroeconomic policy in practice, using real-world unique episodes, with Israel deemed as well-functioning trifecta, and the US and Europe as imperfectly functioning trifecta.
Download or read book Globalization and Labor written by Horst Siebert and published by University of Michigan Press. This book was released on 1999 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises a collection of papers and comments analysing the impact of globalization on labour markets in both industrialized and developing countries.
