Shifting States in Global Markets

Shifting States in Global Markets
Author: Alfred P. Montero
Publisher: Penn State Press
Total Pages: 276
Release: 2010-11-01
Genre: Political Science
ISBN: 9780271046518

Shifting States in Global Markets contributes to the debates over the political economy of globalization by focusing attention on the increasingly important role of subnational governments in implementing economic policies. Challenging the view that the effects of decentralization are positive or negative uniformly and can be explained by reference to the influence of national political institutions, Alfred Montero uses his comparisons of industrial policy in Brazil and Spain, and between different regions in these countries, to argue that we need to pay attention to political conditions at the subnational level to account for the variation in economic success between regions. Two crucial conditions are emphasized in Montero's analysis: how much competition there is among political elites within any region, and how much competition there is between regions for scarce fiscal resources. Lower competition among elites leads to subnational governments delegating more autonomy to public agencies to develop ties with private businesses favoring allocative efficiency and innovation; higher competition between regions provides incentives for political leaders to support involvement in economic development efforts by a greater variety of public agencies, whose cooperation and mutual trust over time create the conditions for long-term success in these efforts. This analysis gives us a much more nuanced understanding of how countries are experiencing the challenges of globalization today.

No Ordinary Disruption

No Ordinary Disruption
Author: Richard Dobbs
Publisher: PublicAffairs
Total Pages: 256
Release: 2016-08-30
Genre: Business & Economics
ISBN: 1610397622

Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges. The world not only feels different. The data tell us it is different. Based on years of research by the directors of the McKinsey Global Institute, No Ordinary Disruption: The Four Forces Breaking all the Trends is a timely and important analysis of how we need to reset our intuition as a result of four forces colliding and transforming the global economy: the rise of emerging markets, the accelerating impact of technology on the natural forces of market competition, an aging world population, and accelerating flows of trade, capital and people. Our intuitions formed during a uniquely benign period for the world economy -- often termed the Great Moderation. Asset prices were rising, cost of capital was falling, labour and resources were abundant, and generation after generation was growing up more prosperous than their parents. But the Great Moderation has gone. The cost of capital may rise. The price of everything from grain to steel may become more volatile. The world's labor force could shrink. Individuals, particularly those with low job skills, are at risk of growing up poorer than their parents. What sets No Ordinary Disruption apart is depth of analysis combined with lively writing informed by surprising, memorable insights that enable us to quickly grasp the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China -- Tianjin -- will have a GDP equal to that of the Sweden, of that, in the decades ahead, half of the world's economic growth will come from 440 cities including Kumasi in Ghana or Santa Carina in Brazil that most executives today would be hard-pressed to locate on a map. What we are now seeing is no ordinary disruption but the new facts of business life -- facts that require executives and leaders at all levels to reset their operating assumptions and management intuition.

State Institutions, Private Incentives, Global Capital

State Institutions, Private Incentives, Global Capital
Author: Andrew Carl Sobel
Publisher: University of Michigan Press
Total Pages: 298
Release: 2010-09-23
Genre: Political Science
ISBN: 047202292X

The growth of global finance since 1960 constitutes one of the most important transformations in social relations during the twentieth century. Using historical, statistical, and graphical techniques, State Institutions, Private Incentives, and Global Capital examines three important aspects of this phenomenal shift in the international political economy. First, Andrew Sobel explores the reawakening of the international financial markets, mapping their extraordinary transformation since the early 1960s and discussing the role of politics in that metamorphosis. The author then offers a fresh understanding of the systematic differences in access for borrowers in this rapidly transforming and expanding global capital pool. He then demonstrates the influence of political factors in producing differential access to the global capital pool. Showing how the character and stability of a country's political system affects investors's decisions to invest in that country, Sobel breaks new ground in understanding the basis for the frequent admonitions by the World Bank and others that a stable political and legal system are essential for states to attract significant foreign investment. With the growing debate about the effect of financial interdependence on the ability of states to conduct economic policy and indeed to preserve their independence in the face of unprecedented economic linkages, this book will be of interest to political scientists and economists as well as policy makers concerned with the impact of financial globalization and the causes of differentials in access to capital. Andrew C. Sobel is Assistant Professor of Political Science and Resident Fellow, Center in Political Economy, Washington University, St. Louis. He is the author of Domestic Choices, International Markets: Dismantling National Barriers and Liberalizing Securities Markets.

Changing Contexts and Shifting Roles of the Indian State

Changing Contexts and Shifting Roles of the Indian State
Author: Anthony P. D’Costa
Publisher: Springer
Total Pages: 243
Release: 2019-04-26
Genre: Business & Economics
ISBN: 9811368910

This book critically discusses the changing relationship between the Indian state and capital by examining the mediating role of society in influencing developmental outcomes. It theorizes the state’s changing context allowing the discussion of its pursuit of contradictory economic and social welfare goals simultaneously. Both structural and ideological factors are argued to contribute to a shifting context, but the centrality of re-distributive politics and the contradictions therein explain a lot of what the state does and cannot do. The book also examines what the state aspires to do but structurally cannot accomplish either because of the scale of the problem or the dysfunctionality that sets in with continuous reforms. The collection provides rich evidence on the contested forms of governance arising from changing contexts and shifting roles of the state. Readers will benefit from this recasting of the Indian state in terms of the actual forms of intervention today. Changing Contexts and Shifting Roles of the Indian State is a timely book. At a time when the question of the role of the state in promoting more inclusive forms of development has never been more urgent, this book provides a range of powerful and insightful case studies of how a changing Indian capitalism is impacting and in turn being impacted by the multi-stranded role of the Indian state. Patrick Heller, Professor of Sociology and International Affairs, Brown University, Providence. Since the early 1990s, the Indian economy has moved away from a statist model of development to a more market-oriented one. However, very little scholarship exists that attempts to analyse India’s recent development experience from a political economy lens. This book, which is edited by two of India’s reputed scholars in the political economy of development, addresses this important gap in the literature. It provides an insightful account of the role of the state and the market in India’s economic resurgence in the last three decades. The book also contributes to a fresh understanding of what is meant by a twenty-first century developmental state in a globalised world. The book will be valuable reading for all scholars of India, as well as to researchers in the political economy of development. Kunal Sen, Director, United Nations University – World Institute for Development Economics Research (UNU-WIDER), Helsinki. This collection gives us a richer and more layered understanding of the Indian contemporary State. Rather than see the State as an unchanging entity with unchanging interests, the book argues that the role of the State changes with the context and with the change in political regime. Thus, taking contradictory decisions such as greater dispossession of land from the peasantry and expansion of the universe of economic rights is explainable. The argument is that we can have a better understanding when we see the Indian State as dealing with the ebb and flow of a democracy. C. Rammanohar Reddy, Former Editor, Economic and Political Weekly, Mumbai.

Conquering Global Markets

Conquering Global Markets
Author: N. Hubbard
Publisher: Springer
Total Pages: 244
Release: 2013-03-08
Genre: Business & Economics
ISBN: 1137307722

Conquering Global Markets offers assessments of the issues, statistics, cases, and best practices of mergers, acquisitions, joint ventures and alliances throughout the world. Using information gleaned interviews with CEOs, the book provides insights into making global M&As successful.

State-Sponsored Activism

State-Sponsored Activism
Author: Jessica Rich
Publisher: Cambridge University Press
Total Pages: 257
Release: 2019-03-14
Genre: Medical
ISBN: 1108470882

Through a study of AIDS policy, this book introduces a new model of state-society relations in democratic Brazil.

China's Urban Champions

China's Urban Champions
Author: Kyle A. Jaros
Publisher: Princeton University Press
Total Pages: 360
Release: 2019-07-23
Genre: Social Science
ISBN: 069119260X

An exploration of how key provinces in China shape urban and regional development The rise of major metropolises across China since the 1990s has been a double-edged sword: although big cities function as economic powerhouses, concentrated urban growth can worsen regional inequalities, governance challenges, and social tensions. Wary of these dangers, China’s national leaders have tried to forestall top-heavy urbanization. However, urban and regional development policies at the subnational level have not always followed suit. China’s Urban Champions explores the development paths of different provinces and asks why policymakers in many cases favor big cities in a way that reinforces spatial inequalities rather than reducing them. Kyle Jaros combines in-depth case studies of Hunan, Jiangxi, Shaanxi, and Jiangsu provinces with quantitative analysis to shed light on the political drivers of uneven development. Drawing on numerous Chinese-language written sources, including government documents and media reports, as well as a wealth of field interviews with officials, policy experts, urban planners, academics, and businesspeople, Jaros shows how provincial development strategies are shaped by both the horizontal relations of competition among different provinces and the vertical relations among different tiers of government. Metropolitan-oriented development strategies advance when lagging economic performance leads provincial leaders to fixate on boosting regional competitiveness, and when provincial governments have the political strength to impose their policy priorities over the objections of other actors. Rethinking the politics of spatial policy in an era of booming growth, China’s Urban Champions highlights the key role of provincial units in determining the nation’s metropolitan and regional development trajectory.

Shea Butter Republic

Shea Butter Republic
Author: Brenda Chalfin
Publisher: Routledge
Total Pages: 320
Release: 2004-06-01
Genre: Social Science
ISBN: 1135944660

Shea butter (butyrospermin parkii) has been produced and sold by rural West African women and circulated on the world market as a raw material for more than a century. Shea butter has been used for cooking, making soap and candles, leatherworking, dying, as a medical and beauty aid, and most significantly, as a substitute for cocoa butter in chocolate production. Now sold in exclusive shops as a high-priced cosmetic and medicinal product, it caters to the desire of cosmopolitan customers worldwide for luxury and exotic self-indulgence. This ethnographic study traces shea from a pre- to post-industrial commodity to provide a deeper understanding of emerging trends in tropical commoditization, consumption, global economic restructuring and rural livelihoods. Also inlcludes seven maps.