Information Specialisation And Trade
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| Author | : Arnold Kling |
| Publisher | : Cato Institute |
| Total Pages | : 223 |
| Release | : 2016-06-14 |
| Genre | : Business & Economics |
| ISBN | : 1944424164 |
Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.
| Author | : Keld Laursen |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 224 |
| Release | : 2000 |
| Genre | : Business & Economics |
| ISBN | : |
Examines the role of international Ricardian specialization in economic development processes. Laursen (Copenhagen Business School) considers whether countries converge or diverge in terms of specialization patterns over time; if the role of technology can explain the direction of national trade specialization; and the implications of international specialization patterns and their changes for economic growth. Appreciative theories, neo-classical theories, post-Keynesian approaches, and evolutionary approaches are discussed in relation to each of the three issues. Annotation copyrighted by Book News Inc., Portland, OR
| Author | : Adam Smith |
| Publisher | : |
| Total Pages | : 522 |
| Release | : 1822 |
| Genre | : Economics |
| ISBN | : |
| Author | : Patrick Low |
| Publisher | : World Scientific |
| Total Pages | : 784 |
| Release | : 2016-06-21 |
| Genre | : Business & Economics |
| ISBN | : 9813141476 |
This compilation of 22 firm-specific case studies is an important contribution to the discussion of 'servicification' trends in manufacturing. 'Services have increased in importance and value in many manufacturing value chains, making companies that produce physical products look more like service enterprises. What services do global value chains use in their operations, how important are they and how do economic policies shape firms' configurations, operations, and location of global value chains? This book addresses these questions and more.The interviewed firms, based in 12 APEC economies, come from different sectors ranging from multinational automotive, construction equipment, and electrical appliance manufacturers to small and medium manufacturers of watches or chemical for water treatment. The book analyses what specific services are important in different stages of the value chain, and whether they are typically provided in-house or outsourced.
| Author | : Wei Wang |
| Publisher | : Elsevier |
| Total Pages | : 205 |
| Release | : 2013-05-09 |
| Genre | : Business & Economics |
| ISBN | : 0857094475 |
The traditional flow of goods from primary production through to manufacturing and consumption has expanded across international borders conterminously with globalization. Vertical specialization (VS) in processing and manufacturing in China has driven export growth. In particular, intra-industry and intra-product trade between China, the US and East Asia has increased China's trade surplus over the long term. Vertical Specialization and Trade Surplus in China aims to measure the level of VS in the Chinese manufacturing industry to provide a more accurate representation of China's trade surplus, and gives empirical analysis on provinces and products with important VS activities in order to assess China's trade value-added. Exploring the vertical division of labour, and foreign direct investment (FDI) driving China's import and export imbalance, the book is divided into eight chapters, each covering an aspect of VS in China. The first chapter outlines the aims and method of the study. Chapter two covers VS trade pattern and trade surplus. Chapter three looks at FDI and the import and export imbalance, and chapter four covers the relationship between VS and import and export of foreign invested enterprises. The fifth chapter considers the causes and prospects for growth in China-US and China-Japan trade. Chapters six and seven give an empirical analysis of VS and trade surplus, and a breakdown of VS per industry in China's provinces. Finally, chapter eight considers rebalancing imports and exports in China. - Measures VS across China including the developed provinces based on the newest input-output table - Presents the main provinces and products closely related to VS - Gives evidence on global VS trade patterns from China's national data
| Author | : Elizabeth M. Brumfiel |
| Publisher | : Cambridge University Press |
| Total Pages | : 168 |
| Release | : 1987-01-22 |
| Genre | : Social Science |
| ISBN | : 9780521321181 |
This book, a comparative study of specialised production in prehistoric societies, examines approaches to specialization and exchange.
| Author | : Robert M. Stern |
| Publisher | : World Scientific |
| Total Pages | : 716 |
| Release | : 2011 |
| Genre | : Business & Economics |
| ISBN | : 9814340375 |
Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."
| Author | : Catherine L. Mann |
| Publisher | : Peterson Institute |
| Total Pages | : 226 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9780881322644 |
The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.
| Author | : Reinhard Schumacher |
| Publisher | : Universitätsverlag Potsdam |
| Total Pages | : 116 |
| Release | : 2012 |
| Genre | : Political Science |
| ISBN | : 3869561955 |
This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.
| Author | : Valentina Meliciani |
| Publisher | : Routledge |
| Total Pages | : 217 |
| Release | : 2001-05-10 |
| Genre | : Business & Economics |
| ISBN | : 1134548621 |
Presenting new material and a fresh perspective, Technology, Trade and Growth in OECD Countries, provides a unifying framework for the exploration of the role played by specialisation in economic growth and international competitiveness.
