Economics Commons^™

Foreign Direct Investment And Economic Growth: A Time-Series Approach, Atrayee Ghosh Roy, Hendrik F. Van Den Berg

Department of Economics: Faculty Publications

Research has often focused on how foreign direct investment (FDI) transfers technology from developed economies to less developed economies. Most FDI occurs between developed economies, however, and the country receiving the greatest inflow of FDI is the United States. This paper examines whether such FDI inflows have stimulated growth of the U.S. economy. We apply time-series data to a simultaneous-equation model (SEM) that explicitly captures the bi-directional relationship between FDI and U.S. economic growth. FDI is found to have a significant, positive, and economically important impact on U.S. growth. Also, our SEM estimates reveal that FDI growth is income inelastic. …

Regulation And Freedom In Global Business Education, Stefano Harney, Cliff Oswick

Research Collection Lee Kong Chian School Of Business

Purpose: This paper seeks to confront the orthodoxy of global business education with some insights from postcolonial theory in order to develop a new critical pedagogy adequate for a global sociology of management and accounting. Design/methodology/approach: Reviewing the state of play in postcolonial theory and noting the new politicisation in that field, the paper asks what relevance this politicisation might have for an alternative to orthodox global business education. Findings: The paper finds that the texts available to postcolonial theory present a wealth beyond the regulation of colonial and neo‐colonial regimes and in contrast critical management studies do not have …

Understanding The Rise And Transformation Of Business Collective Action In India, Aseema Sinha

CMC Faculty Publications and Research

Scholars of business associations have recently learned a great deal about how associations contribute to development, but much less about the origins of such developmental associations. This essay introduces and assesses a new political explanation for the origins of ‘developmental associations.’ Conventional wisdom holds that developmental associations must be able to rise above political and collusive pressures and establish autonomy from states. Yet, I argue that these associations’ developmental capacities emerge as a result of active state support by key actors, and in response to challenges and threats posed by competitive business organizations. Developmental associations emerge and acquire their capacities …

Governing The City Of London In A Global Era: The Promise And Problems Of Transgovernmental Regulatory Networks, Richard Woodward

Books/Book Chapters

No abstract provided.

The Effects Of Local And Global Risk Factors On Industry Stock Returns: Across Country Analysis, Mahdy Farag Elhossiny

Theses and Dissertations in Business Administration

This dissertation studies the local and global sources of risk and industries stock returns across national equity markets. We examine several local and global economic risk factors and ask whether and to what extent these risk factors can explain the variation in the industries' stock returns of five countries, namely Canada, Germany, Japan, the U.K., and the U.S. Specifically, the main objective of this dissertation is to find answers for three main questions: First, whether and to what extent do returns on local industries respond to changes in local macroeconomic risk factors? Second, whether and to what extent do returns …

A Dangerous Supplement, Daria Roithmayr

Journal of Legal Education

No abstract provided.

Globalization - Challenges To Pakistan Economy: Role Of The State Bank Of Pakistan, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

Globalization - The Phenomena: Presently the term "Globalization" has gained an emotive tinge. Few believe it as an inevitable and irreversible process that will catapult future world economic development; others discern it with antagonism and fear that it will thwart social progress in the context of developing countries, creating enhanced disparity within and between nations, creating unemployment and poorer living standards.

"Competing Conceptions Of Globalization" Revisited: Relocating The Tension Between World-Systems Analysis And Globalization Analysis, Thomas Clayton

Linguistics Faculty Publications

No abstract provided.

Globalization, Adjustment, And Compensation, Carl Davidson, Steven J. Matusz

Employment Research Newsletter

No abstract provided.

2004-2 Transformation Of The South Korean State: Structural Changes Of The State After The 1997 Financial Crisis, Bum-Soo Chon, Erick Duchesne, Sunkyuk Kim

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

Representations Of The Philippine Stock Market And Securities Research, And Global Financial Regularization, Benjamin T. Tolosa Jr

Political Science Department Faculty Publications

While the current turmoil in global finance seems to support calls for

“transparency,” “accountability,” and “professionalization,” closer analysis reveals disjunctures in the dominant discourse on corporate governance, whose central element is the promotion of “investor confidence”

and “shareholder value.” This essay draws on the theoretical work of Pierre Bourdieu and Stuart Hall to examine how representations of the

stock market and securities research in the Philippines regularize particular interests, identities, relations, and hierarchies in the global political economy. But it also shows how these representations reveal

underlying tensions in the discourse that open up spaces for rearticulating and reordering financial …

Globalization, Unemployment, And Excess Capacity : A Model And A Conjecture, Lok Sang Ho

Centre for Public Policy Studies : CPPS Working Paper Series

Using a theoretical model with an industrial world trading with a developing world and assuming no impediment to capital flows, it is shown that an abundant supply of unskilled labor will render real wages for the unskilled close to the subsistence level and will result in excess capacity. The rate of return for traditional manufacturing investment at the margin will decline so funds will seek to invest in financial assets and real property, boosting their prices. Under reasonable assumptions about the income elasticity and the price elasticity of demand for manufacturing products in rich and poor countries, it is shown …

International Trade And Labor Markets: Theory, Evidence, And Policy Implications, Carl Davidson, Steven J. Matusz

Upjohn Press

Davidson and Matusz develop simple yet compelling models that allow for documented differences in labor markets across countries in order to investigate the impact of trade and trade policies on society's underclass.

The Ethnic Question In Law And Development, Lan Cao

Faculty Publications

No abstract provided.

Building A Better World, Pierre Landell-Mills

Human Rights & Human Welfare

A review of:

The Global New Deal: Economic and Social Rights in World Politics by William Felice. Lanham, MD: Rowman & Littlefield, 2002. 204pp.

The Effects Of Globalization: A View From The Developing World, Andrés Mejia-Vergnaud

Center for Applied Economics

Globalization has been hailed as a deliverer and condemned as a destroyer of developing countries. How can globalization elicit such divergent responses? And what do people mean when they praise or condemn globalization?

As you will see in the course of this paper, I will often point to the beneficial effects of free trade and free-markets. The gains from free trade and free markets are indeed relevant from the point of view of public policy: they offer a guide to which sort of policies we should pursue. This doesn’t mean, however, that I believe these positive effects are the main …

Disciplining Globalization: International Law, Illegal Trade, And The Case Of Narcotics, Chantal Thomas

Michigan Journal of International Law

This Article is the first in a series of studies of the globalization of illicit markets. My theses are as follows: First, the increase in international trade in illicit products and services parallels the growth in international trade more generally that accompanies the phenomenon of globalization. Second, at the same time that most international trade law has moved toward a posture of liberalization, there has been a movement to strengthen the prohibition and punishment of trade in illicit transactions. Third, the mechanisms that have developed to regulate this prohibition constitute a significant development in the international legal order.

Job Creation, Job Destruction, And International Competition, Michael W. Klein, Scott Schuh, Robert K. Triest

Upjohn Press

The authors present a picture of how the effects of international trade on employment in U.S. manufacturing industries vary widely. They explore the labor-market dynamics and adjustment costs associated with international factors, particularly the way fluctuations in exchange rates, overseas economic activity, and the altering of trade restrictions contribute to churning-the simultaneous job creation among some firms and job destruction among others.

[Introduction To] Making A Place For Community: Local Democracy In A Global Era, Thad Williamson, David Imbroscio, Gar Alperovitz

Bookshelf

When pundits refer to the death of community, they are speaking of a number of social ills, which include, but are not limited to, the general increase in isolation and cynicism of our citizens, widespread concerns about declining political participation and membership in civic organizations, and periodic outbursts of small town violence. Making a Place for Community argues that this death of community is being caused by contemporary policies that, if not changed, will continue to foster the decline of community. Increased capital flow between nations is not at the root of the problem, however, increased capital flow within our …

Globalism, Human Rights And The Problem Of Individualism, Richard Mcintyre

Human Rights & Human Welfare

A review of:

Global Economy, Global Justice: Theoretical Objections and Policy Alternatives to Neoliberalism by George F.DeMartino. New York: Routledge, 2000. 296pp.

Can World Poverty Be Eliminated?, William F. Felice

Human Rights & Human Welfare

A review of:

World Poverty: New Policies to Defeat an Old Enemy edited by Peter Townsend and David Gordon. Bristol: The Policy Press, 2002. 454pp.

and

World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms by Thomas Pogge. Malden, MA: Blackwell/Polity, 2002. 264pp.

and

There is an Alternative: Subsistence and Worldwide Resistance to Corporate Globalization edited by Veronica Benholdt-Thomsen, Nicholas Faraclas, and Claudia von Werlhof. New York: Zed Books. 2001. 288pp.

Thinking About Thinking In An Era Of Globalization: Implications For International Security, Ibpp Editor

International Bulletin of Political Psychology

This article identifies and critiques hypotheses concerning the impact of globalization on thinking and suggests consequences of thinking (reason, logic) as an epistemological tool of international security.

Globalization Of Financial Markets And The Asian Crisis: Some Lessons For Third World Developing Countries, Jong H. Park

Faculty Articles

Park examines the causes of the Asian financial crisis and draws some lessons and implications for a series of issues, which may be of particular relevance to the Third World developing countries. These issues include: the appropriate role of the International Monetary Fund as an international agency in charge of helping member countries to maintain financial stability; the choice of an appropriate exchange rate regime and use of restrictions on private capital flows in the face of rising globalization; and the debate on the East Asian model of economic development.

The Elementary Economics Of Bijuralism: A First Cut, James W. Bowers

Journal of Legal Education

No abstract provided.

Globalization, Inequality, And The Rich Countries Of The G-20: Evidence From The Luxembourg Income Study (Lis), Timothy M. Smeeding

Center for Policy Research

The purpose of this study is to summarize and comment upon what we know about the determinants of both the level and trend in economic inequality over the past two decades, and to relate these findings to the progress of globalization in these nations. While the fruits of economic progress in rich nations have not been equally spread, we argue that most citizens enrich Organization for Economic Cooperation and Development (OECD) nations have benefited from the trend toward global economic progress. We begin with a summary of the differences in overall economic inequality within the G-20 nations based on LIS …

Imports, Exports, And Jobs: What Does Trade Mean For Employment And Job Loss?, Lori G. Kletzer

Upjohn Press

Kletzer adds to our understanding of the magnitude of the costs and benefits of free trade. She presents a focused examination of the relationship between changes in international trade, employment, and job displacement for a sample of U.S. manufacturing industries. The link between international trade and domestic jobs is also explored through studies of both net and gross employment job change.

How Is Pakistan Positionaning Itself For Challenges Of Globalization?, Ishrat Husain Dr

Faculty Research - Newspaper and Magazine Articles

The late Mahbubul Haq had very aptly summarized the debate on globalization by observing that ‘Globalisation is no longer an option, it is a fact. Developing countries have either to learn to manage it far more skillfully or simply drown in the global cross currents’. The anti-capitalist sentiment, protests and rhetoric in the past few years have helped focus the attention on the negative aspects of globalization. But the potential gains from globalization have either been deliberately understated or mired in the notion that these gains will only make rich countries and multinational corporations better off. No attempt is even …

Feeling The Heat Of Human Rights Branding: Bringing Transnational Corporations Within The International Human Rights Fence, Robert Mccorquodale

Human Rights & Human Welfare

A review of:

Human Rights Standards and the Responsibility of Transnational Corporations edited by Michael K. Addo. The Hague: Kluwer Law International, 1999. 384pp.

Reevaluating U.S. Intellectual Property Right Policy In The Face Of Globalization: Moving Beyond Trips And Special 301, Warren Jr. Newberry

Honors Theses

In this paper, I intend to expand upon Mastanduno's ground-breaking inquiry by analyzing the motivating factors behind the behavior of the United States in its attempt to establish and maintain an international intellectual property rights regime. The international intellectual property rights system, established at the 1994 Uruguay Round of GATT, represents an international agreement with unprecedented reach into domestic state affairs. This ambitious attempt at establishing a high international norm of intellectual property protection was created as a result of inflexible American resolve. I will attempt to identify the initial impetus that helped define U.S. action--was it relative gains considerations …

Globalization And The Paradox Of Incorporation And Marginalization: An Exploratory Note On Sub-Saharan Africa, Charles R. Lartey

Graduate Program in International Studies Theses & Dissertations

Globalization has of late become the lingua franca of the study of the international political economic system. As its ideological counterpart, globalization has elevated neoliberalism to the status of an international theology. To harness the benefits of a globalizing world economy, conventional wisdom consider the dictums underlying neoliberal policies as “immutable laws” that must be adopted by both the developing and the developed world.

Utilizing a structured, focused analysis based on a case study of Sub-Saharan Africa (SSA), this research challenges the orthodox notion that the new international context of development that is instigated by the imperatives of globalization, and …