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From Transformation To Revitalization: A New Research Agenda For A Contested Global Economy, Lowell Turner
From Transformation To Revitalization: A New Research Agenda For A Contested Global Economy, Lowell Turner
Lowell Turner
[Excerpt] The revitalization perspective is hardly new. With deep roots in both labor movement history and industrial relations research, such work was marginalized for much of the postwar period both in union strategy and in the field of industrial relations. What is new is the rather sudden arrival of revitalization research in the mainstream of industrial relations along with a broader literature on contentious politics in a global economy (e.g., Klein, 2002; Delia Porta & Tarrow, 2004). This introductory article offers an overview of the revitalization perspective, deepened in relevance by contemporary struggles for democratic representation in the modern workplace …
Capital Account Liberalization, Financial Development And Industry Growth: A Synthetic View, Rachita Gullapalli, Barry Eichengreen, Ugo Panizza
Capital Account Liberalization, Financial Development And Industry Growth: A Synthetic View, Rachita Gullapalli, Barry Eichengreen, Ugo Panizza
Rachita Gullapalli
This paper synthesizes studies analyzing the effects of capital account liberalization on industry growth while controlling for financial crises, domestic financial development and the strength of institutions. We find evidence that financial openness has positive effects on the growth of financially dependent industries, although these growth-enhancing effects evaporate during financial crises. Further analysis indicates that the positive effects of capital account liberalization are limited to countries with relatively well-developed financial systems, good accounting standards, strong creditor rights and rule of law. It suggests that countries must reach a certain threshold in terms of institutional and economic development before they can …