Economics Commons^™

India’S Government & Globalization In 21st Century Under Pm Modi, Divya Arora

International Review of Business and Economics

India is emerging as Asian and global player facing the future challenges to international market. China’s outward integration has comparably succeeded in East and Southeast Asia whereas India have the inward looking strategy. Globalisation to on new globalisation Era have begin in 2020 under the supervision of Prime Minister Narendra Modi proper lockdown efficient and effective fiscal measures and timely aided monetary measures of RBI Governor have given a strong foundation for the investment attraction after the withdrawal from China. India’s foreign policy is shaped by five broad factors across the globe. The factors affecting the trade are geographylater with …

A Study On Impact Of Globalization On Business, M Sivanya Ph.D.

International Review of Business and Economics

The contemporary generous, capitalistic and economic action becomes a conglomerate of things and reasons, analysis, information, means, mediums, skills and predispositions. In terms of minimized barriers and openness of the world, the inevitable process of the globalization and thus the business actions represent projects that face success potentials, also as risk and failure potentials. The indisputable accent on these aspects is certainly and thus success and therefore the reliabilityofthebusinessventuresthat the last word goal is that the economic satisfaction, minimizing the risks as well because the establishment of long-term experiences so as to take care of a specific enterprise during a …

Breaking Up: Experimental Insights Into Economic (Dis)Integration, Gabriele Camera, Lukas Hohl, Rolf Weder

ESI Working Papers

Standard international economic theory suggests that people should embrace economic integration because it promises large gains. But recent events such as Brexit indicate a desire for economic disintegration. Here we report results of an experiment, based on a strategic analytical framework, of how size and distribution of potential gains from integration influence outcomes and individuals’ inclination to embrace integration. We find that cross-country inequality in potential gains acts as a friction to realize those gains. This suggests that to better understand recent phenomena, international economic theory should account for distributional considerations and behavioral aspects it currently ignores.

Islands In A Sea Of Aaruul: Globalization And Mongolian Cheesemakers, Pearse Anderson

Independent Study Project (ISP) Collection

Despite being a sparsely-populated country with less than 2% of its land arable, Mongolia has developed a rich and complex food culture, notably for its meat and dairy products, which could soon be at an historic high thanks to the tens of millions of animals on Mongolian pastureland. Many Mongolians and non-Mongolians view the countryside as a sea of milk that is currently being underutilized for economic exploitation. Various projects, whether funded and organized by international NGOs, the Mongolian government, or private companies, have tried to use Mongolian’s dairy resources to fill Mongolian demand, with more recent private ventures also …

Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.

Globalization And Social Spending: Lessons For India, Ansh Jain

Honors Program Theses

As developing countries increasingly integrate themselves into the global economy, increased social spending is desirable to protect their vulnerable groups from rapid changes experienced by the economy associated with increased openness. However, while developed nations are largely successful in maintaining and increasing their social spending as a response to globalization, the case with developing countries is usually the opposite. We find that key determinants of this divergence between developing and developed countries stems from factors such as the extent of surplus and informal labor, quality of democracy and democratic institutions, and the power of unions. As India further integrates into …

Globalization Tropes In Films: A Focus On Crazy Rich Asians, Nikhilesh Dholakia, Deniz Atik

Marketing Faculty Publications

Learning from and encouraged by the impacts of film film-based windows into globalization phenomena, in this issue of MGDR, we have focused on the film Crazy Rich Asians. In the popular press, the movie has been hailed as a major cultural point of departure for Hollywood as well as panned as just an Asian Asian-themed romantic comedy that celebrates the super-rich of Asia. The buzz around this movie does, however, indicate a slight bend in the curve of the geopolitics of the globalization discourse – and hence our decision to feature a number of academically insightful reviews of this movie …

Governments' Adoption Of Native Cryptocurrency: A Case Study Of Iran, Russia, And Venezuela, Rose Mahdavieh

Honors Undergraduate Theses

The emergence of digital currency is becoming prevalent in the age of globalization – specifically, cryptocurrencies. Cryptocurrencies and blockchain are two recently discovered concepts currently being explored by researchers and developers. Cryptocurrency is a subset of digital currency that encompasses revolutionary technology, shifting political and economic spheres in nation-states. Certain governments are more prone to the adoption of cryptocurrencies and three comparative case study countries, Iran, Russia, and Venezuela, have shared attributes that result in adoption. Observed factors that result in the adoption of cryptocurrencies include corruption, GDP level, economic volatility, and Western sanctions. These factors will be applied in …

Building A Good Jobs Economy, Dani Rodrik, Charles F. Sabel

Faculty Scholarship

Conventional models are failing throughout the world. In the developed world, the welfare state-compensation model has been in retrenchment for some time, and the drawbacks of the neoliberal conception that has superseded it are increasingly evident. Yet there is no compelling alternative on offer. In the developing world, the conventional, tried-and-tested model of industrialization has run out of steam. In both sets of societies a combination of technological and economic forces (in particular, globalization) is creating or exacerbating productive/technological dualism, with a segment of advanced production in metropolitan areas that thrives on the uncertainty generated by the knowledge economy co-existing …

The Socialist World In The Second Age Of Globalization: An Alternative History?, James M. Robertson

Markets, Globalization & Development Review

The history of the Second Age of Globalization (from 1945 through to the present) has traditionally been told through the lens of either the industrially advanced First World, or, more critically, the developing countries of the Third World. Less is known about the experience of globalization in the so-called “Second World”, the socialist states of the Soviet Union and its Eastern European satellites. The following review essay draws on recent work in the history of globalization to show that, contrary to long-held assumptions that socialism was an autarkic system that cut countries off from the wider world, post-war socialist countries …

Introduction To The Special Issue: Alternative Imaginings, Mine Üçok Hughes, Rika Houston

Markets, Globalization & Development Review

No abstract provided.

Dissecting The Impact Of Import Competition On U.S. Earnings Inequality, Felipe Benguria

Institute for the Study of Free Enterprise Working Papers

This paper studies the impact of globalization on U.S. earnings inequality in the context of rapidly growing import competition from China. The increase in U.S. inequality during 2000-2007 has been driven entirely by changes within regions}. While the existing literature has established differences in wage growth across regions as a consequence of import competition, understanding the impact of globalization on rising U.S. inequality requires then focusing on its impact on inequality within regions. Exploiting variation in exposure to this unprecedented trade shock across local labor markets I find that import competition causes an increase in earnings inequality. This impact occurs …

Globalization, Conflict, And The Effects Of The Rate Of Change Of Globalization: An Empirical Analysis, Ashley Stephens

Honors Projects

The world is becoming increasingly more interconnected with technological advances leading to more and more globalization. It is important to see how globalization affects society, especially in the lesser developed post-conflict regions of Africa. The theories of liberalism, Marxism, and realism all offer plausible, yet strikingly different theories on the relationship between globalization and conflict. This paper conceptually examines the dominant theories of globalization and conflict, then uses open-source panel data on globalization and conflict in Africa to empirically test which theory is supported by the data, then tests if there is a correlation between the rate of globalization and …

Understanding The Decline Of U.S. Manufacturing Employment, Susan N. Houseman

Upjohn Institute Working Papers

U.S. manufacturing experienced a precipitous and historically unprecedented decline in employment in the 2000s. Many economists and other analysts—pointing to decades of statistics showing that manufacturing real (inflation-adjusted) output growth has largely kept pace with private sector real output growth, that productivity growth has been much higher, and that the sector’s share of aggregate employment has been declining—argue that manufacturing’s job losses are largely the result of productivity growth (assumed to reflect automation) and are part of a long-term trend. Since the 1980s, however, the apparently robust growth in manufacturing real output and productivity have been driven by a relatively …

Adapt Or Die! The Social And Economic Dynamics Of Japan’S Animation Industry, You Pan

Master's Projects and Capstones

This research explored and discussed about Japanese animation industry, past, present, and possibilities to a better future. While there is existing literature on Japanese animation, this research will focus on a case study that will discover the bright side of Japanese animation market, while addressing the existing problems within the animation industry or potential issues at present times. By illustrating the existing and potential issues as well as the bright side, the objective of this research is to help the Japanese animation industry to survive under the depressive economic environment. My research will identify reasons for low productivity of high …

Narcocorridos: Music, Defiance, And Violence In Transnational Contexts, Nallely G Murguia

Capstone Projects and Master's Theses

This research aims to explain and understand the effects that the music genre known as narcocorrido has on society, politics, and culture in Mexico and the United States. It provides a background on the history of narcocorridos and how it came be known as a symptom of the ongoing violence in Mexico. The Movimiento Alterado is also explored in this research project, as a product of narcocorrido singers who came together to glorify violence. A global aspect plays a big role in researching this topic as globalization and transnationalism reveal the complexity of politics, economics, and culture and its effects …

The Environmental Effects Of Economic Growth Of China And India Its Impact On Brazil, Russia, India, China, And South Africa (Brics), Shonjira Chaiwat

Capstone Projects and Master's Theses

This capstone discusses the environmental effects of economic growth, focusing on China and India and its relations with the BRICS pact. China and India have an impacted increasing population within their borders. With the increase of population and struggles for economic growth, these countries are creating a detrimental environment. In this capstone, I review the theory of ecological civilization as well as the Kuznet Curve Hypothesis. Although within the past few decades the BRICS have used unsustainable practices, they have signed the Paris Climate Agreement in order to combat climate change, which means they will use more sustainable methods for …

The Decline Of U.S. Manufacturing Employment—Automation And Trade, Susan N. Houseman

Employment Research Newsletter

No abstract provided.

Understanding The Decline In Manufacturing Employment, Susan N. Houseman

Presentations

No abstract provided.

The Impacts Of China's Rise On The Pacific And The World, Wei-Chiao Huang Editor, Huizhong Zhou Editor

Upjohn Press

This book provides the perspectives of a group of noted China experts on how China’s economic expansion and internal reforms are impacting its neighbors in the Pacific region as well as the United States and the rest of the world.

Ruchir Sharma, Breakout Nations (2013), Victoria L. Rodner

Markets, Globalization & Development Review

No abstract provided.

Globalization Tumult And Civilizational Greatness, Pradip N. Khandwalla

Markets, Globalization & Development Review

In the kind of tumultuous, strife-torn, and stressful world we are living in, we need to ask the questions: “Is our civilization moving in the right direction? What makes a civilization great?” Greed for power and greed for money, unless offset by a shared conception of civilizational excellence, often degenerate into widespread corruption, fraud, and violence. In developing countries like India, the challenge is to design a civilization that uses the creativity and enterprise of the market economy, the freedom of choice of democracy, and the altruism of the developmental state – to reverse degeneration and foster social, economic, and …

Antinomies Of Globalization, Yahya Mete Madra

Markets, Globalization & Development Review

The defining antinomy of the post-2008 crash phase is argued to be the one between neoliberalism and populism. This essay aims to complicate the terms of this antinomy and offers a reading that problematizes the association of neoliberalism with internationalism and globalization on the one hand and populism with nationalism and anti-imperialism on the other. Not only internationalism in its historical origins is an anti-imperialist concept but also today we can easily discern how reactionary forms of populist nationalisms are made possible by globalization of finance—a hallmark of neoliberalism. The essay concludes with a discussion of the possibility of …

Orbits Of Contemporary Globalization, A. Fuat Fırat

Markets, Globalization & Development Review

Contrary to the commonly accepted view, human beings were global (i.e., migratory and without borders) to begin with and then localized as they started to reduce hunting and gathering and got into agriculture and animal husbandry. When they were migratory, humans exchanged genes, tools, cultures – in effect, they were already globalizing. In the second part of this commentary, I analyze the contemporary conditions of globalization. I suggest that today we are experiencing a market centered iconographic culture; and the possibilities for richer and more inclusive symbolic cultures exist, and need to be cultivated.

Globalization: Mere Hiccup, Major Convulsion Or Mega Transformation?, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

The Long-Run Performance Of U.S. Firms Pursuing Ipos In Foreign Markets, Robert N. Killins, Peter V. Egly

School of Economics and Finance Faculty Publications

Purpose

The purpose of this paper is to investigate the long-run performance of a unique set of US domiciled firms that have bypassed the US capital markets in pursuit of their initial public offering (IPO) overseas. Additionally, this paper then tests the popular underwriter prestige impact and the window of opportunity hypothesis on this unique subset of IPOs.

Design/methodology/approach

Using a sample of foreign and purely domestic IPOs made by US firms from 2000 to 2011, this study investigates the long-term performance, one-, two- and three-year by using two measures (buy-and-hold return and cumulative abnormal returns) to test the long-run …

Market Encounters : Consumer Cultures In Twentieth-Century Ghana, Bianca Murillo

Ohio University Press Open Access Books

In Market Encounters, Bianca Murillo explores the shifting social terrains that made the buying and selling of goods in modern Ghana possible. Fusing economic and business history with social and cultural history, she traces the evolution of consumerism in the colonial Gold Coast and independent Ghana from the late nineteenth century through to the political turmoil of the 1970s.

Murillo brings sales clerks, market women, and everyday consumers in Ghana to the center of a story that is all too often told in sweeping metanarratives about what happens when African businesses are incorporated into global markets. By emphasizing the centrality …

Charles Ballard Interview, Justin Carinci

External Papers and Reports

Professor Charles Ballard of Michigan State University delivered the lecture “The Fall and Rise of Income Equality in the United States” Sept. 27, 2017 as part of the Werner Sichel Lecture Series at Western Michigan University. Ballard detailed the “Great Convergence” of income equality in the United States that grew out of policies of the 1930s and 1940s and a “Great Divergence” of inequality starting about 1980. Ballard called this income gap, which is now greater than during the Gilded Age, “the largest economic phenomenon of our lifetimes.”

International Trade And Unemployment: Evidence From Selected Asean+3 Countries, Atif Awad, Ishak Yussof

DLSU Business & Economics Review

The present study seeks to examine empirically whether exposure to international trade creates or destroys jobs for a sample of eight ASEAN+3 countries (APT). The findings of the PMG technique shows that trade liberalization policies have a negative influence on unemployment rate in the long run. Since medium and unskilled workers are the majority of the workforce, a reduction in trade barriers is likely to expand the trading sector. For the APT countries to compete globally, the trading sector is likely to shift to a more efficient production mode by using intensive capital and high skilled labor, leaving unskilled workers …

Feeding Globalization : Madagascar And The Provisioning Trade, 1600–1800, Jane Hooper

Ohio University Press Open Access Books

Between 1600 and 1800, the promise of fresh food attracted more than seven hundred English, French, and Dutch vessels to Madagascar. Throughout this period, European ships spent months at sea in the Atlantic and Indian Oceans, but until now scholars have not fully examined how crews were fed during these long voyages. Without sustenance from Madagascar, European traders would have struggled to transport silver to Asia and spices back to Europe. Colonies in Mozambique, Mauritius, and at the Cape relied upon frequent imports from Madagascar to feed settlers and slaves.
In Feeding Globalization, Jane Hooper draws on challenging and previously …