Despite China's recent emergence as a major global economic and geopolitical power, its association with counterfeit goods and intellectual property piracy has led many in the West to dismiss its urbanization and globalization as suspect or inauthentic. In Underglobalization Joshua Neves examines the cultural politics of the “fake” and how frictions between legality and legitimacy propel dominant models of economic development and political life in contemporary China. Focusing on a wide range of media technologies and practices in Beijing, Neves shows how piracy and fakes are manifestations of what he calls underglobalization—the ways social actors undermine and refuse to implement the specific procedures and protocols required by globalization at different scales. By tracking the rise of fake politics and transformations in political society, in China and globally, Neves demonstrates that they are alternate outcomes of globalizing processes rather than anathema to them.
Cohn lays out a new strategy of how states can produce economic development in poor nations – by considering barber shops, beauty parlours, hotels and restaurants in Brazil. Cohn considers the case of nations with budgetary limits that cannot afford to follow the East Asian model, and finds alternative policies that create jobs and reduce poverty.
The nine papers collected in this volume examine recent trends in language use in mainland China, and the associated social, economic, political, and cultural manifestations.
Abstract: Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets.
Alfred Maizels' work on commodity trade and prices documented trends in a major area of international economic relations. This title elaborates the ideas in the tradition of Maizels' contributions, and discusses and extends these theories in relation to current problems.
In this study, the authors move beyond the debate on the relative merits and risks of a social clause in trade agreements and focus on practical approaches for improving labour standards in a more intergrated global economy.
Expansion of non-standard employment under globalization is widely observed in all of the newly industrializing countries. This book explores the deregulation of labour markets, social protection for nonstandard workers, and social security reforms in accordance with the transformation of employment.
Over the past decades, many countries have implemented significant reforms to foster domestic capital market development. These reforms included stock market liberalization, privatization programs, and the establishment of regulatory and supervisory frameworks. Despite the intense reform efforts, the performance of capital markets in several countries has been disappointing. To study whether reforms have had the intended effects on capital markets, the authors analyze the impact of six capital market reforms on domestic stock market development and internationalization using event studies. They find that reforms tend to be followed by significant increases in domestic market capitalization, trading, and capital raising. Reforms are also followed by an increase in the share of activity in international equity markets, with potential negative spillover effects on domestic markets.
Development, underdevelopment and globalization have had a common history since the Great Discoveries led to colonization, trade, and with the Industrial Revolution, to unequal technological development. This book first summarizes the long term history of globalization. It then develops a theory of multiple steady states in technological change (technological poverty traps) to explain how the market economy can generate wide income differences between countries. Next, it shows how poverty traps in education and health can further widen inequality. It then shows that technology traps can exist in the context of trade, explaining the impact of the colonial diktat on the emergence of underdevelopment. Technology traps can also exist in the context of foreign direct investment, characterizing contemporary globalization. Finally, the industrial or mass market economy in general is shown to be characterized by a technology gradient akin to a poverty trap that generates inefficiency and inequality. Free market policies need to be complemented with distributive and innovative policies to improve economic performance and equality. The necessary tax funding can be provided at the national level compatibly with globalization under appropriate International agreements.
At the end of the Cold War the People's Republic of China found itself in an international crisis, facing severe problems in both domestic politics and foreign policy. Nearly two decades later, Yong Deng provides an original account of China's remarkable rise from the periphery to the center stage of the post-Cold War world. Deng examines how the once beleaguered country has adapted to, and proactively realigned, the international hierarchy, great-power politics, and its regional and global environment in order to carve out an international path within the globalized world. Creatively engaging with mainstream international relations theories and drawing extensively from original Chinese material, this is a well-grounded assessment of the promises and challenges of China's struggle to manage the interlacing of its domestic and international transitions and the interactive process between its rise and evolving world politics.
. . . the book can be recommended to all with an interest in the issue of older workers in a globalised world. Ageing and Society Early retirement has been a policy to cope with the problems of massive unemployment in many Western welfare states. However, it has become apparent that this strategy is costly and destroys human capital urgently needed in ageing societies. This book offers a comprehensive and up-to-date study of late-career patterns and processes of early retirement in fourteen OECD countries, using both cross-sectional and longitudinal data. It is an important contribution to life-course research and will provide the foundation for any serious discussion on pension reforms and increasing the employability of older workers. Hans-Jürgen Andreß, University of Cologne, Germany This timely book investigates the growth of the early retirement trend and its varying spread among different groups of older workers in fourteen modern societies. It argues for a differentiated political approach to reverse early retirement, which relies on both pension and employability policies for older workers. Examining the early retirement trend virtually all modern societies have been faced with since the onset of the globalization process in the 1970s and 1980s, this book provides a thorough analysis of older workers late careers and their retirement transitions, as well as explaining why this trend has developed differently between nations. To promote an effective reversal of the early retirement trend, national policymakers are advised not to concentrate their efforts exclusively on reducing the financial incentives for an early exit still present in most national pension systems. In addition, it is also recommended that they invest in the employability of older workers, implying a thorough reconsideration of the design of education and labor market policies. Dirk Hofäcker presents a unique and comprehensive synthesis of theories describing and explaining the trend towards early retirement, and critically discusses their comparative advantages and shortcomings. Researchers and students of sociology, economics, gerontology, demography and comparative welfare states should not be without this book and policymakers and practitioners dealing with labor market policies will find it invaluable.
The must-read summary of Suzanne Berger's book: "How We Compete: What Companies Around the World Are Doing to Make It in Today's Global Economy". This complete summary of the ideas from Suzanne Berger's book "How We Compete" presents the author's research on how world companies are competing and suggests that the impact of globalisation is not quite as one-dimensional as we think. According to the author, globalisation presents significant dangers to corporations, as well as opportunities. This summary explains the forces behind globalisation and provides advice on how to make sure your company uses the best strategies in order to stay on top. Added-value of this summary: • Save time • Understand key concepts • Expand your business knowledge To learn more, read "How We Compete" and learn from the world's biggest companies on how to compete in the global economy.
The issue of globalization-its promises, and more often, its shortcomings-commands worldwide attention. Recent events illuminate the dark side of globalization and underscore the urgent need to redesign its basic principles. The terrorist attacks on September 11, 2001 are one in a series of crisis that have shaken the foundations of the global order. The rise of strong anti-globalization movements around the world, the deteriorating global economy, including America's own economic turbulence, and an ever-growing distrust of powerful multinational corporations in the face of catastrophic mismanagement, symbolized by Enron and WorldCom, dramatize the failure of globalization. For a safe and economically secure future, Charles Derber argues in People Before Profit we must de-bunk the myths about our current form of corporate-led globalization and re-orient ourselves on a more democratic path. Popular misconceptions, what Derber terms the "globalization mystique," present globalization as new, inevitable, self-propelling, and win-win for rich and poor countries alike. By challenging each of these beliefs, Derber reveals a dynamic system that is constantly being invented and re-invented-and can be again. Globalization does not have to be a "race to the bottom" where the poverty gap grows ever wider and half the world lives on less than two dollars a day. In fact, Derber's hopeful and detailed vision of reform, including practical suggestions for every concerned citizen, shows that globalization has the potential to be an authentic agent of democracy, social justice, and economic stability. The challenges are great; the new globalization will require deep and difficult changes, as well as a new politics that shifts power away from the elite. But the seeds have already been planted and the new globalization is beginning to emerge. In a moment rich with opportunity, People Before Profit is an essential contribution to the most important debate of our times, written in clear, straight-forward prose for everyone seeking a better world.