Revisiting Globalization and the Rise of Global Production Networks

Revisiting Globalization and the Rise of Global Production Networks
Author: S. Javed Maswood
Publisher: Springer
Total Pages: 233
Release: 2017-07-24
Genre: Political Science
ISBN: 3319602942

This book takes issue with the likening of contemporary globalization to nineteenth century trade interdependence, in which the defining feature of contemporary globalization is the spread of global production networks, which were notably absent in the past. Maswood demonstrates that the emergence of global production networks (GPNs) was not a result of economic and trade liberalization, but instead due to neo-protectionist developments in the 1980s that acted as a catalyst to transform Japan’s nationally based production networks into the now ubiquitous GPNs. Through this case study of Japan, the author lays out a case for reconsidering the origins of globalization, and explores some of the consequences that are likely to flow from progressive evolutionary transition towards a global economy.

Global Production Networks

Global Production Networks
Author: Neil M. Coe
Publisher: Oxford University Press
Total Pages: 286
Release: 2015
Genre: Business & Economics
ISBN: 0198703902

Accelerating processes of economic globalization have fundamentally reshaped the organization of the global economy towards much greater integration and functional interdependence through cross-border economic activity. In this interconnected world system, a new form of economic organization has emerged: Global Production Networks (GPNs). This brings together a wide array of economic actors, most notably capitalist firms, state institutions, labour unions, consumers and non-government organizations, in the transnational production of economic value. National and sub-national economic development in this highly interdependent global economy can no longer be conceived of, and understood within, the distinct territorial boundaries of individual countries and regions. Instead, global production networks are organizational platforms through which actors in these different national or regional economies compete and cooperate for a larger share of the creation, transformation, and capture of value through transnational economic activity. They are also vehicles for transferring the value captured between different places. This book ultimately aims to develop a theory of global production networks that explains economic development in the interconnected global economy. While primarily theoretical in nature, it is well grounded in cutting-edge empirical work in the parallel and highly impactful strands of social science literature on the changing organization of the global economy relating to global commodity chains (GCC), global value chains (GVC), and global production networks (GPN).

Strategic Coupling

Strategic Coupling
Author: Henry Wai-chung Yeung
Publisher: Cornell University Press
Total Pages: 309
Release: 2016-05-24
Genre: Political Science
ISBN: 1501704265

In Strategic Coupling, Henry Wai-chung Yeung examines economic development and state-firm relations in East Asia, focusing in particular on South Korea, Taiwan, and Singapore. As a result of the massive changes of the last twenty-five years, new explanations must be found for the economic success and industrial transformation in the region. State-assisted startups and incubator firms in East Asia have become major players in the manufacture of products with a global reach: Taiwan's Hon Hai Precision has assembled more than 500 million iPhones, for instance, and South Korea’s Samsung provides the iPhone’s semiconductor chips and retina displays.Drawing on extensive interviews with top executives and senior government officials, Yeung argues that since the late 1980s, many East Asian firms have outgrown their home states, and are no longer dependent on state support; as a result the developmental state has lost much of its capacity to steer and direct industrialization. We cannot read the performance of national firms as a direct outcome of state action. Yeung calls for a thorough renovation of the still-dominant view that states are the primary engine of industrial transformation. He stresses action by national firms and traces various global production networks to incorporate both firm-specific activities and the international political economy. He identifies two sets of dynamics in these national-global articulations known as strategic coupling: coevolution in the confluence of state, firm, and global production networks, and the various strategies pursued by East Asian firms to attain competitive positions in the global marketplace.

Asia and Global Production Networks

Asia and Global Production Networks
Author: Benno Ferrarini
Publisher: Edward Elgar Publishing
Total Pages: 393
Release: 2014-10-31
Genre: Business & Economics
ISBN: 178347209X

This timely book deploys new tools and measures to understand how global production networks change the nature of global economic interdependence, and how that in turn changes our understanding of which policies are appropriate in this new environment.

The Globalization Paradox

The Globalization Paradox
Author: Dani Rodrik
Publisher: OUP Oxford
Total Pages: 442
Release: 2012-05-17
Genre: Political Science
ISBN: 0191634255

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Global Economic Prospects 2007

Global Economic Prospects 2007
Author: World Bank
Publisher: World Bank Publications
Total Pages: 216
Release: 2006
Genre: Business
ISBN: 0821367285

Over the next 25 years developing countries will move to center stage in the global economy. Global Economic Prospects 2007 analyzes the opportunities - and stresses - this will create. While rich and poor countries alike stand to benefit, the integration process will make more acute stresses already apparent today - in income inequality, in labor markets, and in the environment. Over the next 25 years, rapid technological progress, burgeoning trade in goods and services, and integration of financial markets create the opportunity for faster long-term growth. However, some regions, notably Africa, are at risk of being left behind. The coming globalization will also see intensified stresses on the "global commons." Addressing global warming, preserving marine fisheries, and containing infectious diseases will require effective multilateral collaboration to ensure that economic growth and poverty reduction proceed without causing irreparable harm to future generations."

Economic Geography

Economic Geography
Author: Sharmistha Bagchi-Sen
Publisher: Routledge
Total Pages: 284
Release: 2006-09-27
Genre: Business & Economics
ISBN: 1134208782

The impact of economic geography both within and beyond the wider field of geography has been constrained in the past by its own limitations. Drawing together the work of several eminent geographers this superb collection assesses the current state of knowledge in the sub discipline and its future direction. In doing so, the contributors show how economic geographers have offered explanations that affect places and lives in the broader context of the global economy. Offering a discussion of theoretical constructs and methodologies with the purpose to show the need to combine different approaches in understanding spatial (inter) dependencies, contributors also demonstrate the need to engage with multiple audiences, and within this context they proceed to examine how geographers have interfaced with businesses and policy. This excellent collection moves economic geography from a preoccupation with theory towards more rigorous empirical research with greater relevance for public policy. With excellent breadth of coverage, it provides an outstanding introduction to research topics and approaches.

The Rise of the Global Company

The Rise of the Global Company
Author: Robert Fitzgerald
Publisher: Cambridge University Press
Total Pages: 635
Release: 2015
Genre: Business & Economics
ISBN: 0521849748

Readable, wide-ranging history of multinational enterprise, exploring its role in international events and influence on globalization and the modern world.

Foreign Business in China and Opportunities for Technological Innovation and Sustainable Economics

Foreign Business in China and Opportunities for Technological Innovation and Sustainable Economics
Author: Visvizi, Anna
Publisher: IGI Global
Total Pages: 305
Release: 2019-05-03
Genre: Business & Economics
ISBN: 1522589821

Productivity remains the critical determinant of long-term national growth and prosperity. The effects of today’s globalism on productivity demands the need for business organizations to sustain their competitive advantage and remain profitable over time. Foreign Business in China and Opportunities for Technological Innovation and Sustainable Economics is a collection of research used to demonstrate state-of-the art approaches of international business and innovation management that shows how new, advanced, international business models and adoptive strategies can expand the sustainability frontiers. This publication serves as a leading reference source on Chinese business, technology, economy, and innovation, and facilitates necessary skills needed to engage with business in or with China. While highlighting topics including e-commerce, foreign trade, and global business, individuals such as students, educators, international business experts, and innovation experts can expand their technical knowledge in the global economy.

Globalization and Its Discontents

Globalization and Its Discontents
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
Total Pages: 305
Release: 2003-04-17
Genre: Business & Economics
ISBN: 0393071073

This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.