•Manufacturing is found to Granger-cause globalisation.•GMM results suggest deindustrialisation has resulted in slowdown in globalisation.•Consequences of deindustrialisation may have caused ...anti-globalisation backlash.•Deindustrialisation may have downstream consequences for international business.
Literature suggests many countries across the world are facing a growing political backlash against the consequences of deindustrialisation. Intensifying anti-globalisation sentiment associated with this backlash has important implications for international business. In the absence of empirical evidence, it is however unclear to what extent deindustrialisation has contributed to a recent slowdown in the rate of growth of globalisation. Considering the importance of this knowledge, this paper tests predictions in the literature that this slowdown has to some extent been caused by deindustrialisation (declining country shares of manufacturing’s output in gross domestic product). Granger and generalised method of moments findings suggest some support for these predictions. On the basis of the findings, it is argued that compensation should be prioritised for those that stand to lose due to deindustrialisation. Further research is also called for, to explore other ‘root’ causes of current anti-globalisation movements, and to address them, before consequences spill over into a post COVID-19 era of uncertainty for international business.
K-pop Lie, John
2014., 20141107, 2014, 2014-11-24
eBook
K-Pop: Popular Music, Cultural Amnesia, and Economic Innovation in South Korea seeks at once to describe and explain the emergence of export-oriented South Korean popular music and to make sense of ...larger South Korean economic and cultural transformations. John Lie provides not only a history of South Korean popular music—the premodern background, Japanese colonial influence, post-Liberation American impact, and recent globalization—but also a description of K-pop as a system of economic innovation and cultural production. In doing so, he delves into the broader background of South Korea in this wonderfully informed history and analysis of a pop culture phenomenon sweeping the globe.
Where does the nation-state end and globalization begin? In Territory, Authority, Rights, one of the world's leading authorities on globalization shows how the national state made today's global era ...possible. Saskia Sassen argues that even while globalization is best understood as "denationalization," it continues to be shaped, channeled, and enabled by institutions and networks originally developed with nations in mind, such as the rule of law and respect for private authority. This process of state making produced some of the capabilities enabling the global era. The difference is that these capabilities have become part of new organizing logics: actors other than nation-states deploy them for new purposes. Sassen builds her case by examining how three components of any society in any age--territory, authority, and rights--have changed in themselves and in their interrelationships across three major historical "assemblages": the medieval, the national, and the global.
In this study, we investigate the effects of globalisation on polarisation in a panel data set of 149 countries between 2000 and 2017. We consider the Revisited KOF Globalisation indices and two ...measures of polarisation: polarisation of society and political polarisation. The findings show that globalisation decreases polarisation. We also separate de jure and de facto measures of globalisation and observe significant suppressing effects of the de facto and de jure indices of globalisation on both indicators of polarisation. In addition, we find that economic and political globalisation measures are negatively related to polarisation indicators. The baseline findings are robust to estimate different models and to use different econometric procedures. Finally, we address potential issues with endogeneity, omitted variable bias, outliers and reverse causality.
A large volume of econometric literature has studied the effects of economic globalisation on economic growth around the world. Reported results, however, vary considerably, which makes it difficult ...to draw valid conclusions. This paper applies meta‐analysis and meta‐regression methods to a novel dataset consisting of 5542 estimates on globalisation–growth effects reported in 516 primary studies. We find evidence for publication selection bias in favour of positive growth effects of globalisation. After correcting for this bias, the size of the effect of economic globalisation on output growth is more than halved, but it remains positive. The growth‐promoting effect, however, is due to trade globalisation, as we cannot reject the hypothesis that the impact of financial globalisation on growth is, on average, zero. The meta‐regression results also reveal that the growth effects of economic globalisation have varied over time, and that education and institutions serve as significant moderator variables.
The processes of globalisation and time-space compression, driven mainly by the neoliberal agenda and the advancement of various space-shrinking technologies, have markedly re-shaped the world over ...the last 75 years in an almost unchallenged manner. Amongst the most significant outcomes of these processes have been the popularisation of international travel and the accompanying global expansion of the tourism industry. As the first major force ever to effectively stop (or even reverse) globalisation and time-space compression, the COVID-19 outbreak has also put on hold the whole travel and tourism industry. In this respect, the tourism as we knew it just a few months ago has ceased to exist. Although the price the world is paying for this is enormous, the temporary processes of de-globalisation offer the tourism industry an unprecedented opportunity for a re-boot - an unrepeatable chance to re-develop in line with the tenets of sustainability and to do away with various 'dark sides' of tourism's growth such as environmental degradation, economic exploitation or overcrowding. However, the path of re-development and transformation which the global tourism production system will follow once the COVID-19 crisis has been resolved is yet to be determined.
This paper examines the relationship between globalisation and the size of the shadow economy, focusing on the differential effects of de jure and de facto globalisation. Using panel data on over 120 ...countries from 1991 to 2017, the results suggest that globalisation reduces the prevalence of the shadow economy. Furthermore, after differentiating between de jure and de facto globalisation, we find that both de facto and de jure globalisation are effective in curbing the spread of the shadow economy, with de jure globalisation showing a marginally larger impact. However, once we disaggregate the sample into OECD and non‐OECD countries, the results show that it is mainly the OECD countries driving this result while the influence of globalisation is statistically insignificant in non‐OECD countries. These results withstand a series of robustness analyses and offer important policy implications.
2009 Choice Outstanding Academic TitleIs job insecurity the new norm? With fewer and fewer people working in steady, long-term positions for one employer, has the dream of a secure job with full ...benefits and a decent salary become just that - a dream?In Nice Work If You Can Get It, Andrew Ross surveys the new topography of the global workplace and finds an emerging pattern of labor instability and uneven development on a massive scale. Combining detailed case studies with lucid analysis and graphic prose, he looks at what the new landscape of contingent employment means for workers across national, class, and racial lines - from the emerging creative class of high-wage professionals to the multitudes of temporary, migrant, or low-wage workers. Developing the idea of precarious livelihoods to describe this new world of work and life, Ross explores what it means in developed nations - comparing the creative industry policies of the United States, United Kingdom, and European Union, as well as developing countries - by examining the quickfire transformation of China's labor market. He also responds to the challenge of sustainability, assessing the promise of green jobs through restorative alliances between labor advocates and environmentalists.Ross argues that regardless of one's views on labor rights, globalization, and quality of life, this new precarious and indefinite life,and and the pitfalls and opportunities that accompany it is likely here to stay and must be addressed in a systematic way. A more equitable kind of knowledge society emerges in these pages - less skewed toward flexploitation and the speculative beneficiaries of intellectual property, and more in tune with ideals and practices that are fair, just, and renewable.
In this paper, we provide an up‐to‐date empirical assessment of the relationship between economic globalisation and government spending for the ‘hyper‐globalisation’ period of the 1990s and 2000s. We ...use data on government consumption spending and more disaggregated spending components (e.g., social welfare). We also use a range of globalisation measures, including the most recent version of the KOF globalisation index, and a combination of econometric methods, including fixed‐effects and instrumental variable (IV) estimation. The results suggest that hyper‐globalisation has had divergent and conflicting effects on consumption spending: while de jure trade globalisation has tended to raise spending, de jure financial globalisation has tended to reduce it. We also find evidence that the positive effect of de facto trade globalisation on spending weakened significantly during the 1990s and 2000s, in comparison with earlier decades. These effects could have contributed to the growing political backlash witnessed against globalisation since the early 2000s.
Capital Redefined HOSSEINI, S A Hamed; Gills, Barry K
2024, Letnik:
1
eBook
Odprti dostop
Capital Redefined presents a unique perspective on the nature of “capital,” departing from the prevailing reductionist accounts. Hosseini and Gills offer an expanded perspective on Marxian value ...theory by addressing its main limitations and building their own integrative value theory. They argue that the current understanding of “value” must be re-examined and liberated from its subservient ties to capital while acknowledging the ways in which capital appropriates value. This is achieved by differentiating between “fetish value” created by capital and “true value” generated through various commons-based forms of coexistence. The authors propose a defetishization of value by rejecting the commonly accepted idea of its objectivity. They introduce their “commonist value theory,” which redefines capital as both the product and process of perverting the fundamental commoning causes of true value into sources of fetish value. Capital is theorized through a “modular” framework, where multiple intersecting processes constitute a comprehensive power structure, a “value regime,” representing an unprecedented degree of the domination of capital over life. Their theory reconciles two apparently incompatible views on the notion of value. One view encompasses all inputs involved in capitalist value production and conflates intrinsic and commodity values. The other warns against this conflation as it treats capital as an entity tightly associated only with commodity production and wage labor. The authors believe that establishing alternative forms of value creation based on normative principles of living in commons is crucial as an analytical base for criticizing existing power structures and economic systems. The book offers a theoretical foundation for transforming our life worlds toward “post-capitalist” futures. It appeals to scholars and students in various fields, such as political economy, capitalism, and post-capitalist studies, economic and political sociology, globalization, development studies, social ecology, and ecological philosophy.
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