From the vantage of traditional economics, Japan has made very serious policy errors, but the nation has emerged as an industrial powerhouse which poses a significant challenge to the US. These essays propose a new analytical framework for understanding Japan's development strategy and the implication of Japan's growing prowess in the international markets.
Will markets, investments, and technology--rather than tanks and missiles--be the bargaining chips of the new world order? This timely and sobering analysis explores how the momentous dislocations of economic power in the world--the growing might of Asia, the impending unification of Europe, the relative decline of the United States--will reshape global security issues. The authors contend that the United States is especially unprepared for a twenty-first century in which the control of markets and technology is a principal battleground. They go on to demonstrate how America's loss...
Most studies of the world economy focus on highly developed countries and only on economic strategies. The New Global Economy in the Information Age is unique in integrating the political with the economic and in the truly global view it takes of the changes under way. It focuses on the effects of new computer and telecommunications technology in conditioning the policy choices of nation-states in both the less and more economically developed regions of the world.
The authors analyze the new economic context in which nation-states operate, the main issues...
The ongoing Asian financial crisis has graphically demonstrated the shared Western stake in the Asian economy as the United States and Europe face falling exports to Asia and rising imports from the region. Partners or Competitors? provides the first blueprint for transatlantic teamwork in the Pacific at this critical juncture. The authors provide cogent analyses of a range of important cases, from electronic commerce to autos, from anti-trust policy to the protection of intellectual property. Tracing the history of self-defeating competition in the region, they explore both the...
The Tunnel at the End of the Light shows how radical privatization produced economic misery and political chaos in Russia. It argues that the crucial problem lies in the development of criminal and survivalist business networks that prey on Russia's wealth. It was the reversed sequence of Russian reform, which opened markets before establishing institutions to regulate and support those markets, that allowed predatory networks to take hold. The volume grew out of an essay written by Stephen S....
What are the prospects for integrating the Central and East European countries into the European Union? Enlarging Europe: The Industrial Foundations of a New Political Reality, shows that the outlook is surprisingly good. The book challenges policy-makers to seize opportunities offered by emerging regional production networks to stimulate growth, create jobs and strengthen political support for enlarging the European Union. Careful quantitative analyses and detailed case studies...
The economic crisis of 1997 called East Asia's economic miracle into question and generated widespread criticism of the region's developmental models. However, the crisis did little to alter the growing economic integration of American, Japanese and Chinese firms who have created cross-border production networks. This book addresses the changing nature of high-tech industries in Asia, particularly in the electronics sector, where such networks are increasingly designed to foster and to exploit the region's highly heterogenous technology, skills and know-how....
In response to increasing activism focusing on relations between shareholders and corporate managements (witness the protests at the 1999 Seattle meeting of the World Trade Organization), the literature on corporate governance is expanding. Eleven contributed papers examine the policy implications of such issues for the efficiency of firms and international financial markets especially the US, the European Union, and Japan, and advocate increased cooperation to support structural complementaries in the global economy. Figures and tables detail such factors as alternative corporate...
What has made Silicon Valley so productive of new technologies and new firms? How did its pioneering achievements begin—in computer networking, semiconductors, personal computing, and the Internet—and what forces have propelled its unprecedented growth? This collection of nine chapters by contributors from varied disciplines—business, geography, history, regional planning, and sociology—examines the history, development, and entrepreneurial dynamics of Silicon Valley.
Part I, “History,” provides context for the Valley’s success by exploring its early industrial roots. It traces the...
This book rests on the proposition that the information techology revolution of the last ten years marks the beginning of a fundamental economic transformation. This transformation will affect every activity in which organization, information processing, or communication is important. It may well require changes in ideas about ownership, property, and control--the way in which governments regulate economies in the broadest sense of that term.
The e-commerce transformation presents remarkable opportunities for businesses, governments, and other organizations to remake themselves,...