by Dani Rodrik · 8 Oct 2017 · 322pp · 87,181 words
now has functional international institutions—such as the International Monetary Fund and the World Trade Organization—that it lacked prior to the Second World War. Global value chains have entrenched strong business lobbies for continued integration that even an instinctive protectionist like Donald Trump will find hard to overcome. Last but not least
by Roberto Mangabeira Unger · 19 Mar 2019 · 268pp · 75,490 words
deindustrialization. Others have tried to prolong the life of mass production by combining low wages (by international standards) with a specialized and subordinate niche in global value chains, useful to the megafirms of knowledge-intensive production. They have embraced the commoditized side of a business that in its upper reaches, typically in a
by Greg Clark · 31 Dec 2014
significant challenges for urban policy leaders to attract and retain educated people, generate economic opportunity, market effectively, and position their city and its firms within global value chains. Effective governance regimes, proficient and transparent public service delivery, and focused public sector support for entrepreneurial innovation and smartness, are all determinants of urban competitiveness
by Grace Blakeley · 14 Oct 2020 · 82pp · 24,150 words
. The UK became an internationalised and financialised economy, with a significant professional-managerial class whose high wages were premised upon hyper-exploitation lower down the global value chain.28 Today, the British economy is more dependent upon the services sector than any other G7 economy.29 The bulk of the lower middle and
by Leo Panitch and Sam Gindin · 8 Oct 2012 · 823pp · 206,070 words
from the 1970s to the 1990s, New York: Free Press, 1972. 52 Jason Dedrick, Kenneth L. Kraemer, and Greg Linden, “Who Profits from Innovation in Global Value Chains? A Study of the iPod and Notebook PCs,” Industry Studies, Alfred P. Sloan Foundation, Boston, May 2008. 53 Peter F. Cowhey and Jonathon D. Aronson
by Ashoka Mody · 7 May 2018
of St. Louis Review 92, no. 5: 395–415. Auer, Raphael, Claudio Borio, and Andrew Filardo. 2017. “The Globalisation of Inflation: The Growing Importance of Global Value Chains.” BIS Working Papers 602, Basel, January. Auerbach, Alan J., and Yuriy Gorodnichenko. 2012. “Measuring the Output Responses to Fiscal Policy.” American Economic Journal: Economic Policy
by Christopher Caldwell · 21 Jan 2020 · 450pp · 113,173 words
.” This meant that conflict, when it eventually came, would be constitutional conflict, with all the gravity that the adjective “constitutional” implies. 7 Winners Outsourcing and global value chains—Politicized lending and the finance crisis—Civil rights as a ruling-class cause—Google and Amazon as governments in embryo—Eliot Spitzer, Edward Snowden, and
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flourished. Those who continued to believe they could trust in old traditions, or vote their way to the country they wanted, lost ground. Outsourcing and global value chains The high wages of industrial workforces in Western countries had once been invulnerable, because the capital-owning part of an economy was bound by the
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that task, and all the jobs that went with it, from a high-wage country, without ever industrializing at all. Corporations began to exploit these “global value chains.” In the work of New York Times columnist Thomas Friedman and other global economy boosters of the 1990s, you find value chains described as kaleidoscopic
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designers could be on the screen speaking with their Indian software writers and their Asian manufacturers all at once.” But really there was less to global value chains than met the eye. They were not symphonies of specialist craftsmanship conducted by some boardroom maestro of industrial organization. The new operation was usually some
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, 168, 170, 233 Gitlin, Todd, 76, 264–265 Glazer, Nathan, 23–24, 33, 119, 147–148, 249 Glenn, John, 218 global economy, 5, 107, 108 global value chains, 174–175 globalism, 131 globalization, 131, 162, 173, 175, 176 (see also New Economy) Goldberg, David, 202–203 Goldman, Ron, 260 Goldman Sachs, 223 Google
by Rob Kitchin,Tracey P. Lauriault,Gavin McArdle · 2 Aug 2017
for Europe Edited by Klaus Kunzmann, Willy A Schmid and Martina Koll-Schretzenmayr 39 Business Networks in Clusters and Industrial Districts The governance of the global value chain Edited by Fiorenza Belussi and Alessia Sammarra 38 Whither Regional Studies? Edited by Andy Pike 33 Geographies of the New Economy Critical reflections Edited by
by Robert I. Rotberg · 15 Nov 2008 · 651pp · 135,818 words
, resource-based, manufactured products, such as aluminum, could become a viable export to China. The second aspect relates to the prospects for broader participation in global value chains. There are growing vertical complementarities along value chains between Africa and China. Among the top African exports to and imports from China, there are clear
by Tony Norfield · 352pp · 98,561 words
bonds, or perhaps just in terms of foreign loans. But a key feature of the world economy in recent decades has been the formation of ‘global value chains’.24 These occur when international companies employ foreign suppliers to deliver goods and services that they then use in their final production. The big corporations
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500 2011 by Country’, Financial Times, 26 June 2011, at ft.com. 4UNCTAD, World Investment Report 2014, Annex Table 28. 5UNCTAD, World Investment Report 2013, Global Value Chains: Investment and Trade for Development, United Nations Conference on Trade & Development, June 2013, Annex Table 30. 6I will use ‘the City’ as shorthand for the
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Labour – “Peripheral” No Longer: A Reply to Jane Hardy’, International Socialism, Vol. 140, 2013; William Milberg and Deborah Winkler, ‘Trade, Crisis, and Recovery: Restructuring Global Value Chains’, in Global Value Chains in a Postcrisis World: A Development Perspective, Washington: World Bank, 2012; Norfield, ‘Capitalist Production Good, Capitalist Finance Bad’ and ‘Labour’s Colonial Policy’, both at
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Volumes, p. 700. 23Gartner Research, ‘Gartner Says Smartphone Sales Surpassed One Billion Units in 2014’, March 2015, at gartner.com. 24UNCTAD, World Investment Report 2013, Global Value Chains: Investment and Trade for Development, United Nations Conference on Trade & Development, June 2013. 25Milberg and Winkler, ‘Trade, Crisis, and Recovery’, p. 29. 26Marx had already
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Lewis, Michael 2011, ‘When Irish Eyes Are Crying’, Vanity Fair, 8 February 2011 Milberg, William and Deborah Winkler 2012, ‘Trade, Crisis, and Recovery: Restructuring Global Value Chains’ in Global Value Chains in a Postcrisis World, A Development Perspective, Washington: World Bank Norfield, Tony 2012, ‘Derivatives and Capitalist Markets: the Speculative Heart of Capital’, Historical Materialism, Vol
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122 global capitalism, economic relationships in 4 global finance 2 globalisation 13, 114 global market trading, location 49 global system, centre of gravity 73–4 global value chains 118 Goldman Sachs 161, 222 gold prices 39 gold standard 23–6, 54 Google 5 government debt 87, 89 governments, financial role 5 government spending
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