Massively Parallel Globalization

Massively Parallel Globalization
Author: David C. Earnest
Publisher: SUNY Press
Total Pages: 292
Release: 2015-05-05
Genre: Political Science
ISBN: 1438456611

Explores how individuals and groups adapt to the challenges of globalization. In this era of globalization, people organize into fluid, adaptive networks to solve complex problems and provide resources that nation-states cannot. Examples include the Grameen Bank, mHealth, and the Ushahidi open source software project. Why do these networks succeed where nation-states fail? Only recently have social scientists developed tools to understand exactly how these complex networks self-organize, emerge, adapt, and solve collective problems. Three of these tools—agent-based modeling, social network analysis, and evolutionary computing—are converging in a field known as computational social science. In this provocative book, David C. Earnest discusses how computational social science helps us understand “massively parallel globalization.” Using “explorations” of global systems ranging from fisheries to banking, Earnest illustrates the promise of computer models for explaining the surprises, cascades, and complexity that characterize global politics today. These examples of massively parallel globalization contrast sharply with the hierarchical and inflexible governmental bureaucracies that are poorly suited to solve many of today’s transnational and global challenges.

Comparative Advantage and Heterogeneous Firms

Comparative Advantage and Heterogeneous Firms
Author: Andrew B. Bernard
Publisher:
Total Pages: 0
Release: 2006
Genre:
ISBN:

This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.

Effects of Financial Globalization on Developing Countries

Effects of Financial Globalization on Developing Countries
Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
Total Pages: 68
Release: 2003-09-03
Genre: Business & Economics
ISBN: 9781589062214

This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.

Globalization and Unemployment

Globalization and Unemployment
Author: Helmut M. Wagner
Publisher: Springer Science & Business Media
Total Pages: 385
Release: 2013-03-14
Genre: Social Science
ISBN: 3662040824

Globalization and unemployment are two phenomena which are amongst the most widely discussed subjects in the economic debate today. Often, globalization is regarded as being responsible for the increase in unemployment, particularly in unskilled labor. This book deals with the correlation between globalization and unemployment under various aspects: historical aspects of globalization, empirical trends and theoretical explanations of unemployment, effects of globalization in general and of European Monetary Union in particular on umemployment, labor market policy in a global economy, the impact of fiscal policy on unemployment in a global economy, as well as the effects of globalization on inflation and national stabilization policy.

Globalization and National Economic Welfare

Globalization and National Economic Welfare
Author: M. Panic
Publisher: Springer
Total Pages: 301
Release: 2005-01-07
Genre: Business & Economics
ISBN: 0230286593

Globalization and National Economic Welfare makes an original, powerful and timely contribution to a highly topical issue that affects all countries by showing why globalization is unsustainable in the long term without fundamental changes in existing attitudes and institutions. The book analyzes one of the most important aspects of economic policy at the beginning of the twenty-first century: how to overcome the growing threat that inequalities created by globalization pose to economic progress and political stability both nationally and internationally. Economic problems, from corporate fraud and bankruptcies to the high social costs of the adjustments that globalization imposes on individual countries, are becoming increasingly international and, consequently, demand action at the supranational level. Yet the effective institutional framework for dealing with these problems remains national. In contrast to the neo-liberal approach, the author argues that the state, as the only form of organization that has the power to reconcile conflicts of interest nationally and internationally, has a critical role to play in ensuring that globalization does not end in failure and war.

Globalization: A Threat to International Cooperation and Peace?

Globalization: A Threat to International Cooperation and Peace?
Author: M. Panic
Publisher: Springer
Total Pages: 323
Release: 2011-07-26
Genre: Business & Economics
ISBN: 0230307019

Building on the impressive first edition, this revised and updated book examines a wide range of highly topical issues. Dr Panic questions whether economic prosperity, social wellbeing and peace are sustainable given existing national attitudes, institutions and policies, and explores the changes needed to prevent another global economic collapse.