Search results for ""edward elgar""

Solidly grounded on Aristotelian anthropology, moral capital develops a set of principles, practices and metrics useful to business leaders and managers, while eliminating the ambiguity of social capital and allowing for the integration of business ethics initiatives into a robust corporate culture.Sison studies a wide range of recent management cases from the viewpoint of moral capital: the sorry state of US airport screeners before 9-11, the Ford Explorer rollovers and Firestone tire failures, the battle for the 'HP way' between Carly Fiorina and the heirs of the founding families, the dynamics of Microsoft's serial monopolistic behavior, the pitfalls of Enron's senior executives, the sincerity of Howard Lutnick's commitment to Cantor Fitzgerald families, how Andersen's loss of reputation proved mortal and a fresh look at Jack Welch's purported achievements during his tenure at GE.He explains the relationship between different structural and operational levels in the human being (actions, habits, character and lifestyle) and in the firm (products, protocols, corporate culture and corporate history). These levels are later associated with different institutions of moral capital (basic currency, interests, investment bonds, estates or legacies). Strategies for measuring, developing and managing moral capital on both a personal and an organizational plane are also discussed.This engaging and provocative study is a must-read for professors, students, and practitioners of business ethics, general management, human resource management and economic theory.

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This fascinating book outlines the fundamental principles and difficulties that characterise the challenging task of using econometrics to inform natural resource management policies, and illustrates them through a number of case studies from all over the world. The book offers a comprehensive overview of the broader picture of the state-of-the-art in econometrics as applied to environmental and natural resource management. It includes a wide range of econometric techniques that can be used to inform natural resource management, while keeping a balance between methods and applications. Case studies have been carefully chosen to be of major concern in the arena of environmental policy, mainly in Europe (both EU member states and assessing countries), but also in the US and some developing countries.Econometrics Informing Natural Resources Management will be welcomed by academics and researchers interested in the areas of natural resource economics and econometrics, and also applied econometrics.

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In this, his final book, Gavin Boyd has brought together a distinguished group of experts on the nature and extent of transatlantic policy coordination and its implication for corporate strategy. This remarkably relevant set of papers offers a discussion on the economic and financial linkage between Europe and North America, as well as the trade and investment rules governing this interaction.The complexities of the transatlantic relationship are analyzed in chapters dealing with: financial integration, transfer of knowledge and technology, transatlantic trade and corporate partnership, transatlantic trade and investment links, simultaneous intra-regional as well as transatlantic trade and the implications for antitrust policy of the activities of multinational enterprises, structural positioning and macroeconomic policy coordination, international interdependence and the role of entrepreneurship, and the reform of international financial markets.Exploring growing transatlantic trade and investment linkages within their institutional contexts, this timely book will be invaluable to academics and researchers with an interest in international business and international economics. Practicing trade lawyers and policymakers will also find the book to be a fascinating read.

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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best. The contributors in this volume try to go beyond the OCA model and understand the political economy of monetary integration by comparing the European Monetary Union with the dollarization (formal and informal) process in Latin America. The contributors, many of whom are leading lights, reflect the disagreements and the changing views on the proper monetary arrangements in a globalized world and suggest that monetary integration and dollarization are not the solution for the great majority of countries around the world.Monetary Integration and Dollarization brings together mainstream and heterodox views of monetary integration and uses the European and North American experiences as a guide for the discussion of dollarization in developing countries. It will appeal to scholars, researchers and policy makers in the fields of financial and international economics.

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This book analyzes the links between globalization and equity from the perspectives of seven regions: the Commonwealth of Independent States, East Asia and South Asia, Eastern and Central Europe, Latin America, the Middle East and North Africa, and Sub-Saharan Africa. It presents the views of researchers from the developing world, voices that are seldom heard in the ongoing debate on globalization, and provides models of successful research conducted in developing and transition countries, thus promoting homegrown expertise.The contributions from different regions reflect their disparate experiences and represent diverse positions on globalization and equity. Nevertheless, they reveal a fledgling consensus on the benefits of the developing world's entry into a global universe and the necessity for prudent adjustment to the perils of this endeavor.Academics interested in the political economy and development studies as well as policy-oriented researchers and policymakers concerned with the challenges entailed by globalization will find Globalization and Equity of great interest.

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This book presents Human Resource Management (HRM) as a tool for improving the performance of organizations in developing and transitional countries. It does this through the presentation of an integrated model of human resource management, informed by the practical realities of applying such a model in developing and transitional countries. Using exercises and real-life examples, the authors emphasize the need to practise (and to study) HRM in context, taking account of the contrast between what theory says should happen and what actually happens in practice. Having introduced a strategic model of HRM, the book explores the key HRM activities of human resource planning, job analysis, managing pay, recruitment and selection, performance management, learning and training, job reduction and employee relations. The authors stress that every HRM model must be critically assessed in the particular setting in which it is being used, and then adopted, adapted or abandoned. This process of critical adaptation of international models of 'good practice' is the essence of global HRM.This textbook offers a clear and highly accessible introduction to the theory and practice of HRM in developing and transitional countries. It has been designed for students on a wide range of human resource oriented courses, including development management and administration. It will also be a valuable reference tool for HRM practitioners in the private and public sector and in NGOs.

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This volume investigates the relationship between economic globalization and institutions, or global governance, challenging the common assumption that globalization and institutionalization are essentially processes which exclude each other. Instead, the contributors to this book show that globalization is better perceived as a dual process of institutional change at the national level, and institution building at the transnational level. Rich, supporting empirical evidence is provided along with a theoretical conceptualization of the main actors, mechanisms and conditions involved in trickle-up and trickle-down trajectories through which national institutional systems are being transformed and transnational rules emerge.The book collectively argues that transnational institution building is one of the most striking features of the current period of internationalization. As a consequence, debates concerning globalization and global governance have to be reformulated. The authors posit that globalization is not threatening governance, but in fact globalization reflects a particular type of governance. The dilemma, therefore, is not between globalization and institutions, but between different meanings of governance and the balance that should be reached between them.Globalization and Institutions will be of special interest to academics and scholars of institutional economics, globalization and management. However, with its focus on two key debates for which there is clearly rising interest, many social scientists will find the book of interest.

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An important contribution to the current literature on gender and social politics, this book challenges mainstream thinking on welfare states, citizenship, family, work, and social policy. Contested Concepts in Gender and Social Politics analyses the corresponding shifts in political discourse, and the changes in socio-political configurations that mirror changing gender relations.The discussion is both international and interdisciplinary, and focuses on topics that include citizenship, social exclusion and inclusion, care, social capital and representation, amongst others. The contributors examine these issues in relation to current policy debates and consider how they are embedded in particular European intellectual traditions. They also explore how feminist scholarship has engaged with these issues, and assess how these contested concepts can improve understanding both of the position of women and of gender relations more broadly.This is the first major transnational attempt to address the conceptual basis for current work in the field of social policy and social politics from both a feminist and genuinely comparative viewpoint. As such it will be invaluable to undergraduate and graduate students of social policy, politics and sociology.

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Commenting on the quality of the contributors when opening the conference on which these books are based, the former Governor of the Bank of England, Sir Edward George, said ”I cannot remember ever before having had such a galaxy of academic economist and central banking superstars gathered together under one roof!”'Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monetary economics. Topics discussed include: central bank independence credibility and transparency the inflation forecast and the loss function monetary policy experiences in the US and the UK the implications of Goodhart's Law the benefits of single versus multiple currencies money, near monies and credit. Each chapter of the volume relates to subjects that have been research projects in Charles Goodhart's wide-ranging portfolio, and all are interconnected. Through these, the book offers a summary of current thinking and insights into monetary controversies.Covering recent thinking on monetary theory, central banking, financial regulation and international finance, academic and professional economists alike will find this book an invaluable source of information.The companion volume examines monetary history, exchange rates and financial markets.

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This book presents a comprehensive analysis of public expenditure control in Europe and the coordination strategies available. It provides a detailed scrutiny of the various audit systems in the EU and the difficulties in building consistency or harmony between them. The book demonstrates how successful strategies should aim to strengthen the collaboration between different layers of government at the EU, national and regional levels. The authors illustrate how effective cooperation between Supreme Audit Institutions (SAIs) is one of the starting points for any rational system of external control of Europe's public finances. However, this cooperation must be founded upon respect for the independence and operating mandate of each SAI and for their different organizational and operational procedures. Importantly, the authors analyse three critical phenomena that determine the present context in which SAIs develop their activities. These include the impact of the current processes of supranational integration and state decentralization taking place in Europe; the growing demand for transparency, accountability and external control; and the more complex situations created by the loss of a clear distinction between the private and public sectors. The book also offers detailed country studies of audit functions and how they are developed and interpreted, and examines coordination strategies in the context of fraud, auditing, reporting and harmonization. This volume will prove to be an invaluable resource for scholars, students and practitioners of public finance, auditing and administration. It will also be of interest to those working in the areas of public budgeting and public sector management in the EU.

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The comprehensive and thoroughly accessible International Handbook of Research on Indigenous Entrepreneurship aims to develop a multidisciplinary theory explaining entrepreneurship as a function of cultural perceptions of opportunity.The Handbook presents a multitude of fascinating, superbly illustrated studies on the facets of entrepreneurship amongst indigenous peoples. Chapters elaborating on the history, culture, values and objectives underpinning indigenous entrepreneurship introduce the subject, providing essential background information. A series of sections then convey the variances and idiosyncrasies of indigenous entrepreneurship in Africa, Asia, Europe, the Americas and the South Pacific. The Handbook concludes by drawing on its original, rich and varied empirical studies to explain why people from different cultures possess different indigenous values, and therefore different entrepreneurship experiences and practices, even when exposed to similar stimuli.Proposing that what is an opportunity for some people is less so for others with different ideals, and that opportunity recognition is largely culturally determined, this unique, colourful account of indigenous enterprise will provide an intriguing read for those with an interest in entrepreneurship and development studies.

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Technological change plays a crucial role in realizing energy efficiency improvements and, therefore, in ameliorating the conflict between economic growth and environmental quality. However, the diffusion of new technologies can prove a costly and lengthy process, meaning that many firms do not invest in best-practice technologies. The author offers important new explanations for this energy-efficiency paradox. This volume contributes to a better understanding of the interplay between economic growth, energy use and technological change, with particular emphasis on the adoption and diffusion of energy-saving technologies. In the theoretical section, the author examines how several characteristics of technological change and environmental policy affect the dynamics of technology choice. He demonstrates how technological complementarity, learning processes and uncertainty can help explain why the innovation and diffusion of new technologies is such a protracted and complex procedure. The empirical section explores long-run trends in energy and labour productivity performance, as well as patterns of substitutability and technological change across a range of OECD countries. The book concludes by integrating the results in an applied policy model of economy-energy interaction. This book is unique in applying insights from different perspectives to the field of energy economics, and by focusing on the diffusion of energy-saving technologies rather than their innovation. It will be of immense value to academics and policymakers with an interest in energy economics, environmental economics and the interaction between economic growth and natural resources.

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This book aims to improve the understanding of the relationship between cultural diversity and international economic integration and its implications for global governance of the audio-visual sector.The national audio-visual policies of a number of countries - including Canada, Egypt, France, Germany, Italy, India and the UK - are compared in order to assess their potential impacts and restrictive effects on international trade and investment. The variety of approaches used by the contributors reflects the wide differences among national audio-visual systems and offers a rich perspective on how they can be analysed. The lessons drawn from these national case studies are placed in context by up-to-date original analysis of the constraints arising from the WTO system. Scholars and professionals in the audio-visual sector and in international trade negotiations would be interested in the issues discussed in the book, given their importance in shaping the institutional environment of cultural and economic activities in the audio-visual sector.

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China and Taiwan have roughly one-eighth of the world's known species. Their approaches to biodiversity issues thus have global as well as national repercussions. Gerald McBeath and Tse-Kang Leng explore the ongoing conflicts between economic development, typically pursued by businesses and governments, and communities seeking to preserve and protect local human and ecosystem values. China and Taiwan have sharply different political and economic systems. In Taiwan, a public relatively more supportive of sustainable development, a free press, a more transparent decision-making process, and an autonomous civil society have influenced governance. Yet democratization has not guaranteed better environmental outcomes. In China, on the other hand, fragmentation of power and 'softer' forms of authoritarianism than in the Maoist era have created openings for NGOs, scientists, journalists, and officials seeking a sustainable future to participate in the environmental policy making process. The authors provide an explicit and comparative treatment of the national policies preserving rare, threatened, and endangered species and ecosystems. Considerable attention is paid to the actors involved in policy formation and implementation as well as to recent cases concerning biodiversity conservation in China and Taiwan.This comprehensive volume will appeal to students and researchers in the areas of political science, environmental science and politics, environmental activists in national and international NGOs, and members of multinational corporations working in developing countries.

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This fascinating Handbook defines how knowledge contributes to social and economic life, and vice versa. It considers the five areas critical to acquiring a comprehensive understanding of the knowledge economy: the nature of the knowledge economy; social, cooperative, cultural, creative, ethical and intellectual capital; knowledge and innovation systems; policy analysis for knowledge-based economies; and knowledge management.In presenting the outcomes of an important body of research, the Handbook enables knowledge policy and management practitioners to be more systematically guided in their thinking and actions. The contributors cover a wide disciplinary spectrum in an accessible way, presenting concise, to-the-point discussions of critical concepts and practices that will enable practitioners to make effective research, managerial and policy decisions. They also highlight important new areas of concern to knowledge economies such as wisdom, ethics, language and creative economies that are largely overlooked. Distinguished by a combination of practical relevance and analytical rigour, this Handbook provides new insights into the basic mechanisms that constitute a knowledge economy and society, and will be invaluable to practitioners and academics in diverse areas of interest, including: knowledge management, innovation management, knowledge policy, social epistemology, and development studies.

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This book provides a comprehensive overview of the important topic of standards, which remains a vastly under-researched field of empirical inquiry. It presents a variety of interesting empirical analyses which reveal the driving forces and the economic impacts of standardization both in the manufacturing and the service sector. The author begins by providing a detailed outline of the various types of standards and their possible economic impacts. Before providing empirical validation of the theoretical arguments, he discusses the influence of standards within the regulatory system. Among the other actors in the standardization process, the author focuses in particular on the role of the firm, which acts as the main impetus for the development and implementation of new standards. He also examines the fundamental link between technical change and standardization, to assess whether this relationship is a virtuous or vicious cycle. In this context, the impact of intellectual property rights within standardization is also highlighted. Another significant aspect is the consequences of standards for trade and their role in fostering or inhibiting international trade flows. Finally, the author investigates the effect on macroeconomic growth where, especially in the new economy, formal standards are a crucial source of codified and publicly available knowledge. The analysis is based on extensive microeconomic, sectoral and macroeconomic data, which allows the author to compare the various economic impacts of standards and derive important policy conclusions. This book is a comprehensive and scholarly treatment of the economics of standards which will undoubtedly inspire further research in the field. It will be required reading for industrial economists, R&D managers and policymakers involved with innovation and trade policy.

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This book provides a balanced presentation of international trends in infrastructure regulation and financing. Based on recent developments in microeconomic theory, it comprehensively discusses the role of the state and the private sector in infrastructure provision. As well as a thorough overview of the relevant theoretical issues, the authors carefully examine national experiences of private participation in infrastructure. In particular, they explore sectoral restructuring in the electricity, telecommunications, water and transport sectors. The book includes case studies from both Argentina and the UK, and places a particular focus on Germany which, for a developed country, is a peculiar latecomer in terms of infrastructure sector reform.Well argued and rich in new insights, this book offers a meticulous and informative analysis of current trends in infrastructure privatization and deregulation. Among the authors are well-known specialists as well as younger researchers who provide a fresh perspective on the issue. The book will be of interest and relevance to researchers, academics, policymakers and international organizations interested in regulation and the modernization of infrastructure both in developed and developing countries.

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This topical book analyses the main difficulties facing both existing, and candidate, EU countries in the area of Justice and Home Affairs (JHA) on the eve of enlargement. It also presents an excellent compendium of constructive policy recommendations, which the authors believe are needed to pave the way towards and after enlargement. The policy recommendations reflect the richness and difficulty of the debate as well as the sensitivity of the issues at stake - seeking to strike a balance between security, liberty and justice in the EU at this challenging time.The contributions have been grouped under three main headings, preceded by an overview of the progress and obstacles in the area of JHA. Practical recommendations are presented for each of the three areas: the fundamentals of JHA policies in a post-enlargement EU scenarios for crime, law and justice in an enlarged European Union towards an immigration and asylum policy for Europe. Written by academics, high-level practitioners and policymakers, this book will appeal to scholars of European studies and law, European-level policymakers and policy analysts. A wide variety of civil servants and lawyers will also find much of interest.

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This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries choosing environmental risks the stability and design of international environmental agreements managing environmental risk through insurance motor vehicles and the environment recreation demand models stated preference methods for environmental valuation pollution control policy in developing countries.

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Organisational politics raises important theoretical and practical questions: what obligations of loyalty do I have to my organisation, or to friends and colleagues? How honest should I be in what I say and in the impressions I give? This path-breaking book confronts these and other such questions. In doing so, it examines dilemmas that many people face daily. The book suggests that there is no routine or automatic way to approach such issues, but that widely accepted ethical principles can often help us deal with them, if we bear in mind some basic points about people's behaviour in organisations.The book avoids undue technicality. Although informed by philosophical discussions of abstract ethics, its argument is based on detailed and systematic analysis of examples in organisational settings. The focus is on addressing ethical issues of practical importance for people who work in organisations. The book will especially interest scholars involved with research and teaching in business ethics, and other areas of applied ethics. Practitioners in management will also find that the book addresses many real concerns. Academics in a number of other areas ranging from general management to moral philosophy and social theory may also find points to consider.

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Ecological economics is an increasingly important subject that addresses the current conflict between positive economic growth and negative environmental consequences. In this state-of-the-art two-volume set, the editors, both leading scholars in their field, have selected the most important recently published papers on the subject. This authoritative collection will be a vital resource for researchers and practitioners in ecological economics, human ecology, industrial ecology and environmental sciences.

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Elizabeth H. Petersen argues that economists and other social scientists are increasingly focusing their attention towards institutions (defined as humanly-devised rules) as critical determinants of economic, social and political growth and development. Institutions responsible for the governance of fishery resources have experienced dramatic reforms over the last few decades, stimulated by increased competition for access and exploitation of resources, leading to emerging scarcity of these very resources. This book aims to contribute to the biological and economic sustainability of fish resources worldwide by providing an analysis of fisheries management in the context of new institutional economics. The book's premise is that sound fisheries management requires a clear definition of policy goals for the fishery, such as long-term biological sustainability and maximization of sustainable economic returns, and the subsequent development of institutions capable of aiding and achieving these policy goals. Without such policies and institutions, the author illustrates, there is likely to be continued resource conflict as well as biological and economic over-exploitation.This book provides an innovative institutional framework for managing multilateral fisheries and includes suggestions for solving specific fisheries problems, such as managing fishery revenues and trading cheap fisheries access for foreign aid. The book concludes with a discussion of the importance of economic growth and development, as well as broader socio-economic institutions for fisheries. As such, it will be of enormous interest to environmentalists, ecologists, policymakers, scholars and practitioners focusing on fisheries management.

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This important book presents a unique body of research into the economics of the digital society. It questions how modern economies have been transformed as a result of digital goods and markets, and explores the policy implications and challenges of this revolution. Luc Soete and Bas ter Weel have assembled leading economists and social scientists to provide an invaluable insight into the influence of the digital society in the core fields of economics. They offer a comprehensive overview of the changes that information and communication technologies (ICTs) have brought about in our analysis and understanding of society, focusing particularly upon welfare economics, networks, the diffusion of new businesses and new forms of entrepreneurship, the auctioning of licences, the much-debated role of intellectual property rights and the emergence of free software in the open-source movement. There are however a number of more indirect economic developments influencing the technological society that are also taken into consideration. These include the increased work pressure and new diseases affecting the workforce, the economics of digital content, the effects of computer use on the wage structure, the impact of ICTs on goods and labour markets, and the macroeconomic consequences of ICT investment in terms of knowledge accumulation and economic growth. Distinctive and comprehensive in its coverage of the critical issues associated with the digital economy, this book will appeal to academics, policy makers and students alike.

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Although it has been previously accepted that Hong Kong, Japan, Korea, Singapore, and Taiwan have achieved the 'economic miracle' of maintaining high economic growth for several decades prior to the Asian financial crisis, recent literature has now cast doubt upon this economic supposed success. Attempting to overcome methodological limitations and underlying assumptions of other studies, The Growth Process in East Asian Manufacturing Industries re-examines the role of total factor productivity (TFP) growth and aims to identify the sources of output growth in these East Asian economies.Chia-Hung Sun aims to explain how TFP growth differs from technological progress, and demonstrates why this study favours the use of the varying coefficients frontier model rather than the conventional scholastic frontier approach. He goes on to statistically test whether manufacturing industries in East Asia homogeneously applied the best practice production technology, and investigates the TFP growth slowdown in East Asian manufacturing sectors. Potential links between technological progress (or technological efficiency change) and structural transformation are considered, and the growth in high-tech and low-tech industries are compared. Using sensitivity tests to consolidate the findings of this study and a comparison with earlier TFP studies for each of the five economies analysed, this book will be a valuable point of reference for economists, researchers and policymakers specialising in Asian economies. Advanced undergraduate and post-graduate students in economic development and economic growth will also find the book of great interest.

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CE Marking, the European system of mandatory product safety standards, has created major obstacles for US exporters to the European Union (EU). CE Marking, Product Standards and World Trade is one of the first books to analyze the nature and dynamics of this major non-tariff trade barrier. David Hanson looks at the patterns of EU decision-making through a functional comparative analysis with the US, and in the context of the institutional alliances and rivalries that shape outcomes. An increasingly important but little understood issue, CE Marking is also an example of a growing problem in international commerce - the impact of inconsistent domestic product requirements on international trade. The author examines the way in which the EU has implemented the CE Marking system, its impact on US exporters, the dynamic of US-EU trade and negotiations, and the political and administrative arrangements that support them.This comprehensive study will be of great interest to students and scholars of industrial economics and international business. Business people and policymakers will also find much of interest in this timely volume.

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This book is an original study of the challenge of implementing sustainable development in Western democracies. It highlights the obstacles which sustainable development presents for strategic governance and critically examines how these problems can best be overcome in a variety of different political contexts.The renowned international contributors, including leading policy experts, try to identify the forms of governance necessary to realize the functions of sustainable development. With the help of detailed case studies, they document and analyze specific governance mechanisms for pursuing and achieving this aim. They move on to offer clearly formulated conclusions on the relationship between the demands of sustainable development and the current norms and practices of Western democracy. The book also raises the fundamental question of whether change can ever be achieved if the overriding goal of development is not firmly stated as 'sustainability' rather than 'business as usual'.This book offers a balanced focus on the difficulties and successes of promoting sustainable development through strategic governance. It will be of particular relevance to those interested in the institutional mechanisms of governance and policy implementation. The book will also appeal to scholars and students of political science, organizational studies and business administration, and policymakers and NGOs directly involved in the task of implementing sustainable development.

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Many countries and regions are actively promoting high technology industries as a means of stimulating the economy. The authors point out that these efforts are not only encouraging economic development, but they also reduce an economy's vulnerability to the negative consequences of world trade. By weaving together the fields of health economics, industrial organisation and industrial development, this book describes the benefits of promoting a country's health industry as a way of stimulating its high-technology industrial capacity. The authors illustrate that the development of a country's health industry not only improves the country's health status, but also promotes an industry with relatively stable, high-wage employment, creates the potential for exporting goods and services, and produces scientific spillovers that will favourably impact other high-technology industries.Health Policy and High-Tech Industrial Development will be of great interest to health policy analysts by showing that health policies have broader implications than merely affecting health systems. Health economists should consider the advantages of viewing a country's health system not only as a unique industry that produces both health care and high-technology goods and services, but that also possesses the ability to stimulate development of a broader array of high-technology industries. Development and industrial economists and policymakers will also see the health sector from this different and innovative perspective.

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This collection comprises important articles on key concepts in understanding the global economy. Professor Baldwin has selected papers, written by leading academics, which cover governance, diffusion, democracy, domestic affairs, immigration, conflict, sanctions, trade and finance. Along with an original introduction, this research review will be of great value to students, academics and practitioners interested in the field of the new global economy.

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This three volume set gathers together selected key articles in evolutionary economics, ordering these into the domains of micro analysis (concerned with agents), meso analysis (concerned with rule populations and trajectories) and macro analysis (concerned with the structure and development of the whole economy). This authoritative collection, with an original introduction by the editors, will be of interest to scholars and researchers seeking to understand how evolutionary economics fits together and to advance such an integrated approach.

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Benefit transfer is the practice of estimating economic values at a target site by utilising the results of existing studies for different sites. It is commonly used to estimate values for changes in environmental conditions where time and cost factors constrain the direct application of non-market valuation techniques at the target site. The focus of this unique collection of case studies is the validity and accuracy of benefit transfer using choice modelling, rather than the traditional focus of transferring results from contingent valuation and travel cost models. The book includes a simple guide to using choice modelling results in a benefit transfer process, an overview of the theoretical issues involved, and a number of case studies from Australia, Finland, New Zealand, the UK and the US. The conclusion is that the benefit transfer process is not straightforward, but that use of the choice modelling technique allows for more 'automatic' adjustment of values by the factors that frame the case study of interest. This book will strongly appeal to a wide ranging readership, including academics, students and researchers involved in non-market valuation and benefit transfer research, policymakers requiring the use of benefit transfer in valuation studies, and consultants and researchers performing benefit transfer studies.

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Modern societies face several structural problems such as transport congestion and greenhouse gas emissions due to the widespread use of fossil fuels. To address these important societal problems and achieve sustainability in the broad sense, major transformations are required, but this poses an enormous challenge given the complexity of the processes involved. Such transformations are called 'transitions' or 'system innovations' and involve changes in a variety of elements, including technology, regulation, user practices and markets, cultural meaning and infrastructure.This book considers two main questions: how do system innovations or transitions come about and how can they be influenced by different actors, in particular by governments. The authors identify the theories which can be used to conceptualise the dynamics of system innovations and discuss the weaknesses in these theories. They also look at the lessons which can be learned from historical examples of transitions, and highlight the instruments and policy tools which can be used to stimulate future system innovations towards sustainability. The expert contributors address these questions using insights from a variety of different disciplines including innovation studies, evolutionary economics, the sociology of technology, environmental analysis and governance studies. The book concludes with an extensive summary of the results and practical suggestions for future research. This important new volume offers an interdisciplinary assessment of how and why system innovations occur. It will engage and inform academics and researchers interested in transitions towards sustainability, and will also be highly relevant for policymakers concerned with environmental issues, structural change and radical innovation.

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Complexity and the Economy brings together a range of perspectives from internationally-renowned scholars. The book surveys conceptual approaches to understanding complexity as a key subject in evolutionary and political economy. The authors examine the causes and consequences of complexity among the broadly economic phenomena of firms, industries and socio-economic policy. The book makes a valuable contribution to the increasingly prominent subject of complexity, especially for those whose interests include evolutionary, behavioural, political and social approaches to understanding economics and economic phenomena. Complexity has become something of a leitmotif among scholars with these interests. This book contributes specific, distinctive and policy-oriented elaborations, criticisms, applications and analyses of economic phenomena as interpreted complexly.Drawing together strands of research with the aim of applying complexity theory, this book will be of great interest to researchers of political economy and evolutionary economics.

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This book explores the regional strategy and management of Japanese MNEs in Europe. Ken-ichi Ando investigates, using case studies of the auto and pharmaceutical industries, how these companies can, and do, overcome the inherent difficulties and opportunities of trading in Europe, including the problems posed by cultural differences and geography, alongside the opportunities of expanding markets. While these companies are global players, they must increasingly be aware of, and evolve in response to, European economic integration.The strategy setting and management are influenced by company- and industry-specific factors, and some common features can be found. The locational and entry strategies are based both on the multinationals' own resources and capability, and on the changing locational conditions, while pan-European management is conducted to achieve the benefits of 'multinationality' at the regional level. The mutual relationships between the location of subsidiaries, the entry mode, and the pan-European operation are clearly shown from the detailed analysis at the company level. The impacts and limits of the EU on multinationals are also confirmed in the book, and the importance of national characteristics is suggested.Scholars and graduate students studying international business and economics, as well as European integration will find this book of great interest.

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To understand why some regions grow and others stagnate, we need to understand the interactions between economic growth, economic geography and the economics of innovation. Each of these individual approaches has strengths and weaknesses, but when integrated it is possible, as evidenced by this volume, to develop an appropriate model of technology-led regional economic development.This authoritative collection presents a selection of key previously published articles which investigate these three perspectives. The volume explores the importance of human capital, entrepreneurship, clusters, and competition and public policy to the growth of cities. The editor has written a new introduction which highlights the contribution of each article, and calls for a closer collaboration between economics and regional science in order to develop a new approach to the study of the growth of cities.

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This book documents the progress that managerial and professional women have made in advancing their careers, and the challenges and opportunities that remain. In the context of increasing numbers of women entering the workplace and indeed pursuing professional and managerial careers, it examines why so few women occupy the top positions in corporations. The editors maintain that whilst the benefits of employing women in executive roles is now being recognised, and efforts are being made to ensure career advancement, female employees do still face a struggle against male bias and the proverbial 'glass ceiling'. In order to build upon the progress that has been made, the book advocates more successful role models for women, an increased commitment from corporations to look at the opportunities for leadership that women present, and extended research into the strengths and failings of organisations in this regard. A broad range of issues are explored, including ongoing challenges of work-family integration, perceptions of gender, leadership and career development, the ethics of office romances, and women at mid-life. Best practices for supporting women's career advancement are then illustrated using the efforts of award wining companies as case studies. The cutting-edge contributions to this book provide an outstanding review of the literature. As such, it will be invaluable to both academics and practitioners with an interest in business, management and human resources.

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This book examines some of the intriguing notions of the complex antitrust-intellectual property interface, focusing primarily on property and dynamic economic doctrines. The extensive discussion addresses antitrust patterns of unilateral behaviour and the intellectual property (IP) institutions of patents and copyright.The author provides a comprehensive evaluation of the intricacies of antitrust and IP from a broad legal, philosophical and economic perspective. In the economic context she considers the Chicago and Austrian schools of market theory, whilst on the legal and philosophical level she explores antitrust and IP doctrines through the lenses of property, philosophy of rights and history. In this way the reader gains a deeper understanding of the antitrust and IP crossroads, an area that is growing in importance as information plays an ever-increasing role in today's markets. This book provides an original theoretical appraisal of the complex issues that arise when antitrust and IP considerations seem to be at odds with one another. It offers an interesting and viable alternative to the Chicago school of antitrust, and makes a significant practical contribution to the Austrian school of economics. Lawyers, industrial economists and academics working on IP, antitrust and competition will all find this to be an informative and highly rewarding volume. It will also be a good source of reference for anyone interested in the philosophy of property rights.

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This authoritative collection of papers covers a broad spectrum of topics in theoretical and applied economics and econometrics. The tone of the book is set by Paul Klemperer's contribution on using and abusing economic theory, in which academics are encouraged to widen the scope of their analyses beyond the confines of elegant models which sometimes lack 'real-world' detail. As a result, many of the chapters in this volume share a high degree of practical relevance. Extensive discussion of a variety of contemporary issues in economics and econometrics follows, including: theoretical contributions in economics: the economics of auctions; industry sunk costs and entry dynamics econometric theory: automated-model selection; conditions for weak-exogeneity in vector correction models; Bayesian inference for trended economic time series; Gibbs sampling for truncated multivariate normal distributions methodology and applications: lag-length selection in non-linear dynamic models; the relationship between intercepts, threshold and autoregressive coefficients in the two-regime self-exciting autoregressive model; the problems caused by incomplete data for econometric modelling of the term structure of interest rates and also in models using unbalanced panel data; the informational content of the term structure of interest rates with respect to future inflation. The wide variety of topics explored, along with the focus on practical application, will make this book particularly valuable reading for students and applied researchers as well as appealing to a wider academic audience.

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In many tropical countries, mangrove forests are a crucial component of coastal resources. Nowhere is this more evident than in Thailand where their continued destruction due to shrimp farm expansion is impacting upon forestry, fisheries and the quality of the coastal environment. In addition to the environmental damage caused, mangrove loss is also a serious social problem. Many people live and work among the mangrove forests and the destruction of the resources and ecological functions these forests provide affect the economic livelihoods and cultural heritage of many communities. Against these losses must be weighed the considerable commercial and foreign exchange benefits of shrimp aquaculture and production, which is a major export industry in Thailand. Through in-depth case studies of local communities in four distinct coastal areas in Southern Thailand, the authors are able to assess objectively the underlying economic causes, and consequences, of mangrove deforestation due to the expansion of shrimp farms. Economists, ecologists, sociologists and coastal management specialists will all welcome this unique inter-disciplinary appraisal of the ecological, economic and social implications of shrimp farm expansion and mangrove conversion. It will also be of particular value to international and national policymakers concerned with coastal management in tropical countries.

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The authors of this book link productivity change, trade competitiveness, networks of interaction and cooperation and income growth in developing Asian countries with the complex evolutionary processes of economic development and international trade. They take an innovative approach to simulating the complex micro-dynamics of competitiveness in order to distinguish those trade-related microeconomic dynamics and institutional reforms vital to leading countries out of institutional and poverty traps.Real competitiveness changes in six countries (Bangladesh, India, Indonesia, Nepal, Pakistan and Thailand) are measured from 1991 to 2000 with detailed international export unit value comparisons, to detect structural changes towards technology and knowledge intensive goods in trade patterns. No significant structural change was detected in the six countries during that period. Evolutionary trade theory is presented in two models and is calibrated with transaction and trade data from West Bengal and Nepal. These reveal that lower transport costs - resulting from investment in transport and institutional reforms related to the investment and trade environment - result initially in small productivity differences that can be amplified in a non-linear evolutionary system and eventually lead to a spatial restructuring of the system, and to a structural change in the trade patterns. The models in this path-breaking book can be used to explore the impact of a variety of interventions and policies.Productivity, Competitiveness and Incomes in Asia will be of interest to academics and researchers in Asian Studies, industrial economics, evolutionary economics and international business development. The book will also appeal to policy makers responsible for economic growth.

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This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the 'new consensus' in macroeconomics along with the monetary and fiscal policies encapsulated within it. The authors argue that monetary policy is an ineffective means of controlling inflation and, if not used properly, can also have detrimental effects on the supply-side of the economy. They further contend that fiscal policy remains a potent instrument for influencing aggregate demand. Using detailed analysis the authors emphasise the role of capacity constraints as possible inflation barriers and argue against the NAIRU as a labour market phenomenon. The book concludes by critically examining the economic policies of the European Economic and Monetary Union.Written by two of the leading scholars in the field, this provocative new volume is concise, well argued and rich in new insights. It will interest all those concerned with the current problems and future development of monetary and fiscal policy.

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Leaders are made, not born, Mark Wexler argues, and they cannot be understood in a vacuum. There is no simple answer as to why certain people select one leader over others. Those who look for a master story within capitalism to encapsulate the effective leader are, he asserts, caught and blinded within the headlights of a particular worldview. Rather, leaders can be understood and evaluated within the cognitive lens of four distinct and competing worldviews - entrepreneurial, regulatory, communitarian and network. Exploring the manner in which leaders make and remake themselves in the midst of a changing world, the author shows how they must put together a composite of the skills called for in the four faces of capitalism. He illustrates how and why local leaders develop skills within a worldview and how cosmopolitan leaders, by engaging in reflective practice, cross over into other worldviews and reinvent themselves. An accessible, interdisciplinary study of a fascinating subject, this volume will appeal to scholars and students of leadership, as well as to practising leaders, politicians and executives.

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This book deals with the nature of contemporary globalisation. Maurice Mullard aims to show that globalisation is not an inescapable, unstoppable process somehow beyond human control, rather that it represents, and is being shaped by, a series of deliberate policy choices and policy decisions. The emphasis of this fascinating work is on how these policy choices are creating new forms of economic inequalities and also political elites that distort the democratic process.The mapping of winners and losers goes beyond the usual analysis of the rich North versus the poor South, by including an examination of the widening inequalities in the North and the emergence of new elites in the South. Policies of privatisation and liberalisation of water and electricity create new political elites. The author reveals the shift in the North towards multi national corporations with their emphasis on profits and stock market prices, while at the same time incomes for most employees have either stagnated or actually declined. The standard discourse on globalisation and market flexibility often blurs the issues of declining trade union influence and corporations moving to countries offering lower labour costs. Maurice Mullard herein attempts to rectify this imbalance.The Politics of Globalisation and Polarisation is interdisciplinary and will therefore be relevant for academics and researchers of politics, social policy, public policy and economics. Scholars involved in globalisation will find this book to be a major contribution to the ongoing debate.

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Edward Huizenga explores how knowledge and service intensive companies can thrive on innovation and entrepreneurship in the ICT sector. He applies new theoretical insights from strategy and organisation theory, and includes case studies of 30 European service companies. These case studies address the key innovation issues and present answers as to why a constant search for innovation improves firms' competitive position. The key success factors are identified together with those differences that define the frontrunners who are able to turn new ideas into profit. With its mix of academic insights, managerial practices and implementations, this book benchmarks company performance in innovation and develops new theoretical strategy insights including; resource-based ideas; firm's innovation styles; strategic timing; the customer's involvement and the management implications.Innovation Management in the ICT Sector is aimed at, and will be of value to, a readership of academics in the area of strategic management, organisation and innovation, policymakers involved in innovation and economic growth at all levels of government as well as managers in the ICT sector.

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The first book in this important new series, under the general editorship of Nobel Laureate Robert Solow, Institutions, Innovation and Growth assembles a stellar cast of international contributors. Leading economists join the debate on innovation and economic growth, focussing on a broad spectrum of issues ranging from labour markets to corporate governance. Growth paths within the OECD are also assessed, with particular emphasis on contrasts between US and European models. The book seeks to identify those institutional factors, taking into account different national trajectories, which might serve to promote economic growth in Europe.As with all books in this series, Institutions, Innovation and Growth offers cutting edge research that is relevant to the world in which we live. It will be essential reading for scholars, policymakers and interested readers concerned with the economic challenges facing Europe in the twenty-first century.

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Economic sociology has gone through an explosive development, both in the United States and in Europe, in recent years. These new developments are well represented in this work. Articles by key economic sociologists, such as Mark Granovetter, Pierre Bourdieu and Viviana Zelizer, have been included as well as studies by members of a new and rising generation. The topics that are covered include several classical ones, which modern economic sociologists have worked on for a long time, such as firms, markets, networks and the economics/sociology interface. During the last few years several studies have also appeared which deal with new areas, such as finance, law and economics, and entrepreneurship. The reader will finally also be able to follow recent advances in the understanding of the classics in economic sociology, including Weber, Schumpeter and Polanyi. The result is a colourful and unorthodox two volume collection which will be of interest to scholars and researchers alike.

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Dedicated to the goal of furthering evolutionary economic analysis, this book provides a coherent scientific approach to deal with the real world of continual change in the economic system. Expansive in its scope, this book ranges from abstract discussions of ontology, analysis and theory to more practical discussions on how we can operationalize notions such as 'capabilities' from what we understand as 'knowledge'. Simulation techniques and empirical case studies are also used.Sharpening the focus of the relationship between economic evolution and economic complexity, the book will be of great interest to academics, students and researchers of evolutionary economics.

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This book deals with some of the most important questions in innovation research such as the role of corporate governance, national systems of innovation, and government regulation in the development and adoption of innovations. In particular, it presents new evidence on the factors which shape innovation in construction by drawing on extensive interviews with construction firms across Europe. The authors offer broad lessons for the systems of innovation approach and suggest that particular structures of ownership and management, and inter-organisational relations are responsible for variations in the economic performance of the construction industry in different European countries. The particular challenges posed by the adoption of sustainable technologies such as natural thermal insulation and active solar heating systems are also explored. These environmental innovations are expected to have an impact on sustainable building and regeneration, and at a more general level can help identify the factors which can facilitate or inhibit the innovation process. Importantly, the book does not simply focus on the relationship between technology, firm organisation and competitiveness, but also considers the social and institutional aspects which affect the construction sector's ability to innovate. The extensive case studies from 5 European countries allow the reader to analyse innovation performance from an international comparative perspective. Innovation in Construction represents an important contribution to the theoretical debate on innovation. It will be highly useful to scholars and students interested in innovation studies, environmental management, and construction management and economics.

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Manuel Castells - one of the world's pre-eminent social scientists - has drawn together a stellar group of contributors to explore the patterns and dynamics of the network society in its cultural and institutional diversity. The book analyzes the technological, cultural and institutional transformation of societies around the world in terms of the critical role of electronic communication networks in business, everyday life, public services, social interaction and politics. The contributors demonstrate that the network society is the new form of social organization in the Information age, replacing the Industrial society.The book analyzes processes of technological transformation in interaction with social culture in different cultural and institutional contexts: the United States of America, the United Kingdom, Finland, Russia, China, India, Canada, and Catalonia. The topics examined include business productivity, global financial markets, cultural identity, the uses of the Internet in education and health, the anti-globalization movement, political processes, media and identity, and public policies to guide technological development. Taken together these studies show that the network society adopts very different forms, depending on the cultural and institutional environments in which it evolves.The Network Society is an outstanding and original volume of direct interest in academia - particularly in the fields of social sciences, communication studies, and business schools - as well as for policymakers engaged in technological policy and economic development. Business and management experts will also discover much of value to them within this book.

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