Globalisation Of Economy
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Economics Of Globalisation
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Author : Partha Gangopadhyay
language : en
Publisher: Routledge
Release Date : 2017-12-01
Economics Of Globalisation written by Partha Gangopadhyay and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-01 with Business & Economics categories.
Globalisation has evolved to become the dominant economic, cultural, environmental and political phenomenon of our time. In economic terms, debates now extend beyond concepts of 'winners and losers', to key questions of how to deal with the problems unleashed by globalisation while preserving its benefits. However, if the benefits of globalisation are fairly shared and the costs properly dealt with, a deeper economic understanding of how globalisation is impacting our economic world is needed. This important book addresses this task, featuring contributions from many of the world's leading economists. Seven key aspects of globalisation are considered: trans-border trade, trans-border movement of people and capital, the emergence of a new international order, the homogenization of economic cultures, technology and institutions, labour market consequences, corporate governance issues, and prospects for a global society. These carefully chosen themes illuminate the complex path that globalisation is following by showing it to be a process consisting of various transitions and subplots, the totality of which is closely examined in this comprehensive and authoritative work. Economics of Globalisation is essential reading for academics, researchers, policy-makers and business professionals.
Development Growth Economic Impacts Of Globalization
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Author : Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya
language : en
Publisher: IJOPEC Publication
Release Date : 2017-04-14
Development Growth Economic Impacts Of Globalization written by Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya and has been published by IJOPEC Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-14 with Business & Economics categories.
The growth paradigm or the economic growth generally been presented as a positive, limitless and good for social problems. The term was hardly touched in pre-capitalism by any academic research. With the rise of capitalism and industrial revolution it became an important tool to measure production quantitatively and qualitatively. Industrialisation also encouraged the expansion of trade and gradual breakdown of the pre-capitalist order in 18th century in Britain. The spread of market had facilitated the specialisation, encouraging division of labour. Whilst for The Classical Political Economists; Adam Smith, David Ricardo and Thomas Malthus; economic growth is self-reinforcing. Marx pointed out importance of forces and relations of production and significance of social classes within it (Marx, 1863). Smith, Ricardo and Malthus were writing at a time when capitalist development was expanding fast and growth was a central in the process. The gradual impact of the West on the rest of world became part of a wider process of change in the World Economy. European capital increased its domination of the world trade through expansionist commercial policies (Wallerstein, 1979). The economic growth encouraged commerce. The necessity to export, and other technological changes formed part of the reason for the decline of feudalism. This transition from feudalism to capitalism began in the West and soon made an impact on the rest of the World. T Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya (Development & Growth: Economic Impacts of Globalization) 12 In 1932 Simon Kuznets, the US economist identified Gross Domestic Product (GDP) to measure the national output of a country within a period. It has continued to be an important indicator to measure economic growth, but it has also been under considerable criticisms. For example; GDP treats resources as income without excluding depletion or depression of the resources. Moreover, GDP has been criticised for disregarding income distribution. Despite all the criticism, GDP has been the most significant indicator of growth and development. With the Post War-II reconstruction of devastated countries and in order to kick-start the World Economy, the state in both developed and developing counties became the important agency to facilitate economic growth. The establishment of the Bretton Woods institutions, the Keynesian model of government intervention and the US implementation of “New Deal” facilitated growth. This was deliberate strategy to reconstruct and create networks of international cooperation. This was pointed out by President Truman in 1949: A program of development based on the concepts of democratic fair-dealing. All countries, including our own, will greatly benefit from a constructive program for the better use of the World's human and natural resources (Truman, 1949). This meant the reinforcement and need to distribute the 'Benefits' of capitalist form of development, more widely, against the planned economy sustained by the Soviet Union. The economist such as Joseph Schumpeter pointed to the possibility that capitalist growth, if it is sustained, could abolish poverty (Schumpeter, 1954, pp66-68). Whilst development meant rapid industrialisation, GDP became a key policy objective for the policy makers and governments around the world, not just in the Soviet Union but the Western Capitalist World, to set targets for their Growth Rate. The end of the Cold War in the 1980s, for some, meant triumph of Neoliberal Capitalism. The others talked of trade liberalization; free movement of capital and the development of information technology, facilitating the relocation of businesses across the world. (Ohmae, 1995). Friedman suggested that globalization is the Inevitable; Integration of markets, nation-states and technologies ... enabling individuals, corporations and nation-states, to reach around the world farther, faster, deeper and cheaper than ever before (Friedman, 1999). Development & Growth: Economic Impact of Globalization (Edited by: Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya) 13 Francis Fukuyama (1992) suggested the new era as ‘The End of History’ through which the ‘Liberal Idea’ triumphed, leading to a new global hegemony. For Fukuyama the only route to modernity, growth and development is the Neo-liberal Democratic path under Global Capitalism. This optimism was not shared by all academics, as Globalization produced poor growth and polarization of wealth: what Collier terms the ‘Bottom one Billion’ (2008). As a result, there has been major criticism of the World Bank and the International Monetary Funds in the second half of the 1990s, especially with the Asian financial and economic crises. The response from these institutions has been vigorous. They continued to believe that liberalization, deregulation, and privatization represent the best way forward for growth and development. With 2008 world recession the World Economy has faced a new challenge. The emergence of powerful economies such as; China, India and Brazil; helped the world economy to grow, at least for now. However, the unevenness of the world economy continues to cause difficulties especially the US as they feeling the threat of their competitors such as China, Germany and even India. The victory of Donald Trump as the S President has represented an ideological shift from free trade advocator of global capitalism to a mixture of right-wing populism. Before and after the presidential election, he called for the revival of the American economy, which has been under considerable pressure since 2008 World Recession. In order to prove growth rate Trump has a huge challenge ahead, not least to deal with the competition from South East Asian economies, especially China. It remains to be seen whether the new US administration will continue with their populist rhetoric In this book, “Economic Impacts of Globalization: Growth & Development”, several academicians provide different analysis of economic growth and economic development. The scientific ethics and responsibility of the works in the book belong to the authors / writers. The book compromises of 15 chapters focusing on economic growth and economic development in the era of globalisation. By taking different angles, they demonstrate different problems and solutions.
Why Globalization Works
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Author : Martin Wolf
language : en
Publisher: Yale University Press
Release Date : 2005-06-10
Why Globalization Works written by Martin Wolf and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-10 with Business & Economics categories.
A powerful case for the global market economy The debate on globalization has reached a level of intensity that inhibits comprehension and obscures the issues. In this book a highly distinguished international economist scrupulously explains how globalization works as a concept and how it operates in reality. Martin Wolf confronts the charges against globalization, delivers a devastating critique of each, and offers a realistic scenario for economic internationalism in the future. Wolf begins by outlining the history of the global economy in the twentieth century and explaining the mechanics of world trade. He dissects the agenda of globalization’s critics, and rebuts the arguments that it undermines sovereignty, weakens democracy, intensifies inequality, privileges the multinational corporation, and devastates the environment. The author persuasively defends the principles of international economic integration, arguing that the biggest obstacle to global economic progress has been the failure not of the market but of politics and government, in rich countries as well as poor. He examines the threat that terrorism poses and maps the way to a global market economy that can work for everyone.
Measuring Globalisation
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Author : Axel Dreher
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-12-05
Measuring Globalisation written by Axel Dreher and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-05 with Business & Economics categories.
Globalisation is a timely and controversial topic. Against the chorus of globalisation’s proponents and detractors, the authors propose an approach for measuring globalisation and its consequences. Undertaking a comprehensive review of the literature on globalisation and using data from the MGI and KOF indices, the well-respected authors build a framework for defining globalisation and analyzing the relationships among economic, political, and social variables.
Economic Geographies Of Globalisation
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Author : Martin Sokol
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011
Economic Geographies Of Globalisation written by Martin Sokol and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Political Science categories.
This introductory text is about economic geography and globalization in all their different stripes and colours. It introduces clearly the subject matters in economic geography through a wide range of important conceptual lenses and theoretical perspectives. It does so without a facts-based rendition of what globalization actually is. Instead, Sokol offers a refreshingly light touch on the various approaches in understanding contemporary economic geographies and applies these conceptual insights, in a helpful and straightforward manner, to our appreciation of such key challenges of globalization as inequality, instability, and uneven development. It is both wide in coverage and contemporary in relevance. The text will be well adopted in courses on economic geography, global studies, development studies, and international political economy. Henry Yeung, National University of Singapore Telling it like it is in a direct and engaging style, this is a book without preconceptions. It is a vital intervention that makes sense of the sorry state of the contemporary global economy and its formative geographies and shows what is involved in constructing an alternative. Roger Lee, Queen Mary University of London, UK This well-researched book provides a concise contribution to a large-scale debate on economic globalisation. Martin Sokol introduces key theoretical approaches that help us to understand how economies work, why they suffer recessions and crises, and why economic inequalities at various levels are growing in the context of globalisation. He introduces key economic geography concepts and theories, demonstrating their application to our contemporary globalising world. The role that economic geography may play in informing policymaking is highlighted, and debates surrounding the recent global financial and economic crisis are expounded. This highly accessible book will prove an essential reference tool for academics, students and researchers focusing on geography, economics, planning and regional development, development studies, international politics and international business. Policymakers and practitioners in local, regional and national authorities, international bodies and non-governmental organisations will also find this book to be an invaluable resource.
Globalization In Question
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Author : Paul Hirst
language : en
Publisher: John Wiley & Sons
Release Date : 2015-01-28
Globalization In Question written by Paul Hirst and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-28 with Political Science categories.
'Globalization' is one of the key concepts of our time. It is used by both the right and the left as the cornerstone of their analysis of the international economy and polity. In both political and academic discussions, the assumption is commonly made that the process of economic globalization is well under way and that this represents a qualitatively new stage in the development of international capitalism. But is there in fact such a thing as a genuinely global economy? Globalization in Question investigates this notion, providing a very different account of the international economy and stressing the possibilities for its continued and extended governance. The new edition of this best-selling text has been thoroughly revised and updated to take into account new issues which have become salient in the period since the first and second editions were published. Several new chapters have been added and others combined or re-written to assess the growing supra-national regionalization of the international economy, the emergence of India and China as new super-powers, and the possibilities for the continued governance of the global system. A new author has been added to strengthen the analytical embrace of the book given the untimely death of Paul Hirst in 2003. Globalization in Question's third edition is a continuing intervention into current discussions about the nature and prospects of globalization. The book has far-reaching implications which will be of interest to students and academics in a number of disciplines including politics, sociology, economics and geography, as well as to journalists and policy-makers.
Globalisation And Interdependence In The International Political Economy
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Author : R. J. Barry Jones
language : en
Publisher: Bloomsbury Publishing
Release Date : 2013-11-07
Globalisation And Interdependence In The International Political Economy written by R. J. Barry Jones and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-07 with Business & Economics categories.
Globalisation and Interdependence in the International Political Economy addresses central developments within the contemporary international system. The notions of interdependence and globalisation that have accompanied the political discourse of 'a new world disorder' are replete with definitional ambiguities, theoretical difficulties and empirical complexities. Barry Jones offers a critical review and analysis of these concepts, their significance and place within the wider debates of international political economy. He argues that contemporary conditions are complex, with regionalising tendencies cross-cutting those of increasing globalisation, and 'national' impulses surviving even in the face of powerful 'internationalising' forces. Future developments, it is concluded, may also be far more uncertain and turbulent than is widely anticipated. Written by a leading authority, this volume is an effective and compelling introduction to the complex study of international political economy.
Globalization Growth And Poverty
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Author : Paul Collier
language : en
Publisher: World Bank Publications
Release Date : 2002
Globalization Growth And Poverty written by Paul Collier and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?
Showcasing Globalisation
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Author : Nicola Jo-Anne Smith
language : en
Publisher: Manchester University Press
Release Date : 2005
Showcasing Globalisation written by Nicola Jo-Anne Smith and has been published by Manchester University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This book examines in-depth what is perhaps the test case for globalization: the Irish Republic. Not only is Ireland hailed as the most globalized economy in the world, but its transformation into the Celtic Tiger in the 1990s is seen to demonstrate how nations can flourish in the new global economy. By implication, if other countries are to emulate Ireland's success they too must submit to the exogenous forces of globalization.
Globalisation Economic Development The Role Of The State
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Author : Ha-Joon Chang
language : en
Publisher: Zed Books
Release Date : 2003-07
Globalisation Economic Development The Role Of The State written by Ha-Joon Chang and has been published by Zed Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07 with Business & Economics categories.
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism. He develops an institutionalist approach to the role of the state in economic change, and examines the issues involved in particular settings including industrial policy, trade policy, intellectual property rights, regulation, and strategies towards transnational corporations. He mounts a sophisticated theoretical and historical case for the continuing essential and constructive roles which the state can and must play in economic development.