Book Description
Using simple economic reasoning, this book analyzes a broad range of global challenges including global warming, ozone shield depletion, acid rain, nuclear waste disposal, revolution dispersion, international terrorism, disease eradication, population growth, tropical deforestation, and peacemaking. These challenges are put into perspective in terms of scientific, economic, and political considerations. This book is intended for a wide audience drawn from the social sciences. It should also interest the general reader who wants to learn about global challenges.
Customer Reviews:
Economic Logic Applied to "Global Challenges".......2001-12-25
I thoroughly enjoyed reading this book. It takes the logic of economic theory (primarily economic game theory) and applies it to problems that either are affecting, or potentially will affect, everyone on this planet. These "Global Challanges" and the conditions necessary for their solution are then analyzed using the logic inherent to economic game theory. An excellent book that can be read by all people regardless of their knowledge of economics, as everything is explained with the assumption that the reader has never been exposed to the concepts. Helpful even to those who do have an understanding of economics.
An interesting application of rational choice theory.......2000-03-21
Sandler's book is very appealing in that he does not suggest that the panacea for all the world's collective action problems is a supranational government structure. In fact, he recognizes that "Nationalism is still alive" (Sandler, xiv) and therefore supranational solutions to these problems are unlikely. He searches for those conditions under which nations may act unilaterally (if their stake is large enough) or in a loose confederation to solve these "global challenges," rather than calling for an improbable and impractical supranational solution. Furthermore, Sandler's argument is appealing because he is able to apply it to broad variety of international problems-from environment to disease and security issues. In each case, he applies the logic of collective action to suggest the conditions under which progress might be made toward a solution. Most interestingly, Sandler suggests that there are different games at work in many of these collective action problems, each with unique equilibria.
Average customer rating:
- Global Information Warfare - On going and getting worse
|
Global Information Warfare: How Businesses, Governments, and Others Achieve Objectives and Attain Competitive Advantages
Andy Jones ,
Gerald L. Kovacich , and
Perry G. Luzwick
Manufacturer: AUERBACH
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ASIN: 0849311144 |
Book Description
Like no other book before it, Global Information Warfare illustrates the relationships and interdependencies of business and national objectives, of companies and countries, and of their dependence on advances in technology. This book sheds light on the "Achilles heel" that these dependencies on advanced computing and information technologies create. It underscores how hostile countries, business competitors, terrorists, hacktivists and others are waging Information Warfare (IW) against their adversaries. This may sound like science fiction, but it has been happening for years and continues to this day-anyone and everyone can be a target and a casualty.
Customer Reviews:
Global Information Warfare - On going and getting worse.......2002-07-11
We wrote this book, because global information warfare attacks are increasing and awareness of the threats is the first step towards defending against such attacks. Here's what others have said about our book:
"...successful organizations are the ones that actively manage their information environment...having the capabilities to conduct offensive and defensive information warfare (IW) is absolutely essential. Many countries, cartels, and terrorist organizations possess sophisticated information warfare know-how and will do what they can to disrupt a nation's freedom, safety, economy and social fabric. The concepts and recommendations in Global Information Warfare are a good place to start and ones which I heartily endorse. Kent Kresa, Chairman and CEO, Northrop Grumman Corporation. Los Angeles, California, USA
The authors have written another "must have" for ALL Security professionals charged with the protection of corporate assets. This book clearly depicts everything you need to know about defending your systems and information, while giving you the information you need to understand the global nature of information warfare. Suzanne Gorman, SIAC, Director, Corporate Information Security Awareness and Investigations, New York City, New York, USA
Awareness is the first and key step in finding proper solution for any problem. Awareness of the nature of the problem, its various appearances, consequences as well as of tools and means to fight it and their strengths and weaknesses. This book gives you exactly that, in a quick, complete yet comprehensive way: awareness! Predrag Pale, University of Zagreb, Deputy Minister of Science and Technology of Croatia 1993-2000, "Father" of Croatian Internet, Croatia
Going business on the global information superhighway can be a dangerous business. Consequently, if you are an information security officer with a responsibility for the protection of key business information assets then this book is a book that you will want to have and use. This book provides all the information you need to understand the global nature of information warfare. It also provides you with all the information that you need to begin to defend your information systems against attack. In short, if you want to protect your systems and do business on the Internet then you need this book. Dr. Andrew Blyth, School of Computing, University of Glamorgan, UK
Information Warfare has many perspectives and this book serves as an excellent overview as well as stimulation for further thinking. Manuel W. Wik, Chief Engineer, Strategic Specialist,
Defence Materiel Administration (FMV), Stockholm, Sweden
In recent years, the conception of Information Warfare has become very popular in advanced countries. This concept involves employing information and information technology to affect all aspects of politic, economy, military, and psychology of other countries, and to defend our country, especially during the war period. This book provides readers with basic and new knowledge regarding Information Warfare, and enlightens readers to realize that Information Warfare has become more and more important to every country, society, military, and individual. As a Col. instructor of Air Command and Staff School, National Defense University, R.O.C., I strongly recommend this book to all students studying in military schools and for every soldier. This book will not only expand our knowledge, make us realize the importance of Information Warfare, above all, it will make us be better prepared for the next war. Ching-Chang Wu, Air Force Colonel, Chief Instructor, Air Command and Staff School, National Defense University, Republic of China.
Global Information Warfare is an in-depth assessment of current drivers and initatives that govern the protection perimeters and profiles that will be needed for the immediate future. It combines a common sense approach to understanding the global critical infrastructure, our individual nation-state and corporate vulnerabilites, and what must be done at what level; by whom. It is an exciting and explicit investment in the future, a must read manuscript for the security practitioner. Don Evans, Senior Security Engineer, United Space Alliance, Houston, Texas, USA
This book is a practical survival guide for anyone working in the world of protecting information against any adversary that's motivated to attain a competitive edge. Jerry Swick, WorldCom Network Security Operations Center, Investigative Services, Los Angeles, California, USA
The authors have written a book that is essential reading for managers, executives and both physical and information security professionals. In the era of e-business and global commerce linked via the Internet understanding the means and methods of information warfare will be crucial for both private sector as well as governmental leaders. The authors have done the public a great service by describing clearly how, when, why and where we can expect to see information warfare emerge into increasing importance. Spurred on by the global war on terrorism it's inevitable that global information warfare will be waged, and therefore it's critical that we all be well informed on this once arcane topic. Read this book and learn! William Boni, Chief Information Security Officer, Motorola Corporation USA
Information Warfare is complicated and very serious business. This book will organize and simplify your understanding of it. Information Warfare is a sad reality of the 21st century. Failure to understand it and deal with it can be disastrous. This book will help you do both. Ed Halibozek, Corporate Director of Security, and IS Sector & Western Region Manager of Security, Los Angeles, California, USA
A timely and relevant book by authors who know the subject, inside and out. Well worth the time to read. Michael Stankosky, D.Sc., Professor of Knowledge Management, The George Washington University, USA
Book Description
The disparity between rich and poor countries is the most serious, intractable problem facing the world today. Chronic poverty affects more than the citizens and economies of these nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts.
For decades, a vast array of international institutions has pumped billions of dollars into these nations in an attempt to remedy their ills through the development of technological infrastructures, educational systems, and health care programs. Yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poverty. What isn't working? And how can we fix it?
The Power of Productivity provides powerful and controversial answers to these questions. William Lewis, director emeritus of the McKinsey Global Institute, draws on extensive microeconomic studies of thirteen nations—conducted over twelve years by the Institute itself—to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. The key to reducing economic inequalities between rich and poor countries, argues Lewis, is productivity and its links to competition and consumption. Diagnosing problems and offering solutions, The Power of Productivity will inform political and economic debate throughout the world for years to come.
"Lewis . . . offers a detailed look at the local economies in several parts of the world including the U.S., Japan, India and Brazil. . . . This is an insightful treatment of a complex issue that deserves a wide readership."—Publishers Weekly
Customer Reviews:
Interesting economic perspective on various countries. .......2006-10-26
This book is an interesting economic perspective on why some countries prosper and others don't. Overall, the book is heavily pro-American and the fact that the author uses the U.S. as the benchmark for his comparisons with other countries is a testament to that. The rosy explanations on the U.S. chapter reinforces the belief that it is a pro-US book.
However, it beautifully covers some of the flaws found in third world economies, especially interesting on its analysis in Brazil and India. The answer is simple, government chokes and distorts market and is much to blame for poverty and low productivity in third world countries.
All in all its a good book, but its focus is too U.S. based. Not that there is nothing wrong with that, but books that show U.S. as a near utopia and the rest of the world as problem plague are not to my liking in general, simply because no country on earth is perfect, thus whatever defects exist in the U.S. economy should had been mentioned. As an economist, I was dissapointed with the way the author avoided discussing potential problems in U.S. economy, but was more than pleased with its assessment as to why third world economies don't function as smooth and first world economies.
Limitations of economies world wide.......2006-03-30
This is an outstanding book if you want to gain some understanding of the strengths and weakensses of economies world wide. This book is essentially a group of chapters describung the differences of various other world economies compared against the US economy. The revelations of the problems in some of those economies is very revealing. For example, if you worry at night about the Indian economy, you will sleep much better after reading his chapter of the many ways the Indian government distorts their markets and guarantees bad results. You will also be amazed that only 10% of the land has clear ownership, meaning one must be extordinarily careful or one can end up in a long legal entanglement. The description of the laws forbidding large players to participate in certain sectors of their economy also is revealing.
Similarly, the descriptions of the problems of the Brazilian economy with its underground economy and formal economy is also very illuminating. Large rconomy of scale businesses competing with informal off the books busninesses. Since the off the books businesses pay lousy wages and pay no taxes they can compete with the larger businesses which have economies of scale. Mr Lewis also points out how the sector which does compete within the legal rules have a very heavy tax burden which retards growth. The legacy of hyperinflation, a well known
phenomenon in South America also means that obtaining a mortgage is impossible, houses must be paid for cash on the barrelhead, as nobody will take a 30 year risk on inflation there.
Mr Lewis's book has chapters on representative economies from all over the world. Japan, Russia, Korea, India, Western Europe,
Brazil are included. The only place of high interest which is not included is China. Regardless, the information contained is fascinating.
I also gained some new insights from this book and perhaps a bit of new respect for certain sectors. I must say Mr Lewis makes some very interesting points which have certainly increased my regard for the retailing and service sectors of an economy by pointing out some of the low tech manners in which they have innovated to increase productivity. He also shows how inefficient certain other economies are because they dont allow foreign competitiors to operate in retailing in their economies and the dramatic inefficiencies created as a result.
Overall I rate this as one of the best books I have read in a long time.
A great book.......2006-02-25
I was happy to see many of the questions I've had for years, answered. The book is very well written for the non-economist who wants to be informed about the major economic problems of the world.
I also purchased 'DOING BUSINESS IN 2006' published by the World Bank. It corroborates the general ideas presented in "The Power of Productivity" to a great extent. A great book.
Productivity rules in one particular economic doctrine.......2005-11-16
Marx once said that he was not a Marxist [Attributed by Engels, letter to C. Schmidt, 1890]. It looks like William Lewis is not allowed that luxury, for in a sense the claim that it is productivity that matters most is a pure Marxists claim.
So there is a contradiction. The book that promotes "free market" extremism like "free market no matter what" in its major thesis looks suspiciously close to Marxist philosophy.
Actually extremes meet and the author's idea "If poor countries improved productivity and balanced their budgets, they would have plenty of capital for growth from domestic savers and foreign investors" is a clear sign that he is living in some Utopia and does not undestand the role of third world debt as a major instrument for controlling the governments of those countries. This process is designed to perpetuate itself whereby debt replicates itself on an ever greater scale.
For example odious debt of former communist countries was never cancelled and people of xUSSR paid and will pay huge prices for this. Legally, odious debt is debt that resulted from loans to an illegitimate or dictatorial government that used the money to oppress the people or for personal purposes.
Rich nations also ncur debts, but often the wealthier and more powerful ones are able to use various means to avoid getting into the dilemmas and problems the poor nations get into. It's easier to have debt if your own currency is the world reserve currency.
That means that globalization like medicine should not be applied uncritically. The real question is about the right doze of everything. Here is a couple of nice quotes for Asia Times Review of the same book, the review that debunks the myths propagated by the book:
"Of the world's 6 billion people, 5 billion live in countries with per capita gross domestic product (GDP) 25% or less of the US figure; in fact, a majority of the poor live where GDP is less than 10% of Uncle Sam's. Particularly troubling, author William W Lewis says, Japan was the only country to go from poor to rich during the past century, though he adds that Japanese government development strategies credited with the advance were a hindrance, not a help. "
"The failure of free-market radicalism to solve crises and deliver real, sustainable economic growth has prompted a reassessment. Perhaps wrenching open developing markets to global competition without reference to local conditions and politics is not the best prescription in every case. They also note that the fastest-growing economy over the past two decades features 'socialism with Chinese characteristics'. "
Excellent book despite flaws.......2005-02-11
There is an excellent book about productivity. Bill Lewis was head of McKinsey, the international consulting firm, for 12 years. They did a lot of studies of different business sectors around the world under his leadership, and this book pulls all of these together. It is a compelling case for free-market competition, which is what drives higher productivity and creates a larger pie for everyone to share.
I think Lewis is pretty much misguided about macro-economic issues (I think the reason that there were so many international crisis in 1998 was because of the Fed's mistakes in monetary policy causing the dollar to deflate), and he believes Jared Diamond's arguments about why Western culture has been so successful (Diamond is not a master of logic, and ignores or discounts other possible explanations, such as are presented in IQ and the Wealth of Nations), and Lewis makes mistakes in the way he averages productivity across sectors (you really need to look at absolute productivity in some way for averages to be meaningful), but it is still an excellent book because of the compelling case he makes for competition driving productivity increases, and the way he lays out the barriers to productivity growth in different nations.
I also wish he had spent more time explaining why higher productivity makes everyone better off. He does cover this to some extent, but not with the power that it deserves.
Still, 5 stars because the good stuff is outstanding.
Average customer rating:
- fantastic look at globalization
- should be required reading
- Fascinating case studies on globalization; robust theory.
- masterpiece of cross-disciplinary scholarly research
- Best book on "globalization" and IPE in several years
|
The Structure of Regulatory Competition: Corporations and Public Policies in a Global Economy (International Economic Law Series)
Dale D. Murphy
Manufacturer: Oxford University Press, USA
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ASIN: 0199216517 |
Book Description
In order to understand international economic regulations, it is essential to understand the variation in competing corporations' interests. Political science theories have neglected the role of individual firms as causal actors. Theories of institutions have neglected to examine the creation
of business law. Economic theories have neglected to apply concepts of asset specificity to social regulations in competitive industries. This book fills these voids with a company-based explanation. Its theoretical findings open a 'black box' in the literature on international political economy and
elucidate a source of regulatory differences and similarities.
Counter-intuitive case studies reveal how business and governments actually interact. They also contribute to both sides of current debates over corporate social responsibility. They examine diverse topics including offshore finance, flags-of-convenience, CFC production, capital requirements, the
importation and sale of 'dolphin-lethal' tuna, and the advertising of infant formula.
By exploring powerful corporations' investment profiles and regulatory strategies, this book explains why globalization sometimes results in a 'race to the bottom', sometimes in higher common regulations, and sometimes in regulations that differ between countries. Uniquely, it then explains which
regulatory outcome is likely to occur under specified conditions. The explanation incorporates economics, political science, studies of regulatory capture, and examinations of transaction costs, firms' regulatory strategies, and the roles international institutions.
Customer Reviews:
fantastic look at globalization.......2006-02-03
There is an assumption that gets rehashed quite often that firms seek countries that have lax regulations in order to take advantage of low government involvement. The result, so the assumption goes, is a "race to the bottom" between countries seeking FDI, foreign exchange, etc. Professor Dale Murphy illustrates quite effectively that this assumption is not always the case. As expected, the reality is quite complex. The good news is that Murphy navigates the complexity with ease and relays the true story in accessible prose.
This is one of those books that specialists and non-specialists alike will find extremely valuable.
should be required reading.......2005-12-06
Dale Murphy's "The Structure of Regulatory Competition" should be required reading for anyone interested in corporate social responsibility, globalization, international law and regulatory structure. The book is both smart and extremely readable, dealing with complex subjects in accessible prose.
The case studies are particularly useful. Examining a diverse set of cases such as CFC production, offshore finance, infant formula, dolphin-tuna debates, etc., Murphy is able to weave an argument that predicts international political outcomes by attacking cases that vary. His revisiting of the dolphin-tuna wars is particularly well-done as it provides a new perspective on an oft-misunderstood case.
If you want to understand globalization beyond the sound bytes and headlines, definitely take a look.
Fascinating case studies on globalization; robust theory........2004-08-06
As a businessman, lawyer and former banker I was fascinated by the six case studies. My academic side was awed by the theoretical mission. The chapter on the origins of offshore finance had me emailing my banking friends to say "Did you know that..." The book really shed light on what is going on in the business-government world. Makes me wish I had pursued political science instead of business and law! Or, as Murphy points out, they should be seen as overlapping, not separate. I was less familiar with some of the concepts in the academic and theoretical chapters (1 & 8), such as transaction costs and asset specificity, but Murphy explains them well and makes me see the world differently. Anyway, a good read. Highly recommended for anyone who wants to understand how globalization affects so many aspects of our lives -- aspects that most people are not even aware of.
masterpiece of cross-disciplinary scholarly research.......2004-06-04
Built around a creative yet rigorous theoretical framework of investigation, Murphy delves into the details of international political economy. He offers a clear understanding of how globalization has changed the dymamic interaction between firms and public policies. This book is a refreshing break from much jargon-laden and self-referential academic work.
Here's what John H. Jackson, University Professor at Georgetown Law School, says about this book:
"Dale Murphy has taken the subject another big step forward, by choosing a new, effective, and highly empirical approach. ... The explanation bridges studies of law, economics, political science, and business strategy. It is a fascinating study which closely examines the real world, and is an important contribution to the literature of international economic rules.
"Professor Murphy successfully challenges several orthodoxies in international political economy and law and offers a new theoretical understanding based on firms' regulatory preferences. ... These case-studies -- some familiar, some new -- also illuminate controversies over 'globalization' and responses to them such as corporate social responsibility and public-private partnerships.
"The compelling historical narratives draw on the author's work experience in the private sector, government, and development agencies in over 30 countries, as well as his academic training. Braving provocative questions, the book shines light on the black box of policy-making and analyzes the fundamentally important role that firms play in shaping regulations.
"It makes a significant theoretical contribution to the field in the analysis and differentiation of firms' varied regulatory preferences, rather than treating these as monotonic. Not content with vague generalizations about 'market forces' or 'the private sector', the book burrows beneath superficial press releases and digs deep into firms' strategies and the political process by which regulations emerge. This painstaking research pays off both in the insights it generates and the robustness of the arguments."
Best book on "globalization" and IPE in several years.......2004-05-27
I teach a PhD seminar in International Political Economy and was delighted to discover this gem of a new book, in time to order for my syllabus next fall. Rare for political science, I enjoyed reading it and couldn't put it down. My own rave review and synopsis will follow shortly, but for now here is what Robert O. Keohane (Duke, Political Science), David Vogel (Berkeley, Political Science and Haas School of Business), and Kenneth A. Oye (MIT, Political Science) have written about this fine piece of scholarship.
Robert O. Keohane: "THE STRUCTURE OF REGULATORY COMPETITION indicates how important the strategies of large corporations are for global and national regulatory policy. Norms and ideas sometimes play a role, but to explain outcomes, Dale Murphy reminds us, we have to understand material interests."
David Vogel: "A first-rate contribution to both research and theory on how economic interests affect regulatory policy-making in a global economy. Murphy makes a persuasive case for the critical role played by industry structures in shaping patterns of both international and domestic regulation. This is an important book whose original analysis of the dynamics of both the 'Delaware' and 'California' effects deserves to be widely discussed and debated."
Kenneth A. Oye: "This book is a major contribution to debates over globalization. Some argue that integration spawns competitions in regulatory laxity. Others maintain that integration encourages upward regulatory harmonization. Murphy transcends this debate, identifying conditions that explain when regulations will drop toward a lowest common denominator, when regulations will converge upward, and when regulatory differences will persist. Murphy presents meticulously researched cases on regulations governing environmental performance, shipping registration and flags-of-convenience, labor standards, and capital adequacy standards. These case studies are theoretically insightful and empirically rich fables of globalization, complete with morals. Essential reading for an era when international trade conflicts center on domestic regulatory differences."
Book Description
The new competitive challenge from Chinese businesses is like nothing seen by Western companies since the Japanese arrived twenty years ago with their cars and consumer electronics. To fend off these fierce competitors, managers must forget yesterday’s image of Chinese companies as producers of cheap, low-quality imitations flooding world markets. In fact, by strategically implementing what the authors call cost innovation, Chinese firms are advancing into high-end products and industries and competing for such high-value activities as engineering, design, and even R&D.
The first book to examine this new competitive force, Dragons at Your Door exposes the strategies, strengths, and weaknesses of these fast-rising Chinese competitors, surfaces the underlying logic that enables Chinese firms to attack high-end industries, and provides critical new insight into these very different competitors.
Customer Reviews:
Finally: A True Strategy Book on China .......2007-10-15
Having read countless books on the topics surrounding the Chinese economy and the rise of Chinese companies, I believe that this is certainly one of the best.
As suggested in the heading of my review, this is finally a book that deals with the business issues of China (and the greater issue of outsourcing) critically and comprehensively.
I too have spent some time in China speaking with a number of different businesses and managers, and this book comes closest to describing the way in which Chinese managers think. In fact, this book can be read in the context of Porter's "Competitive Advantage of Nations", in order to shed light on the ways in which market space and the business environments have and will continue to change.
Based on the difficulties associated with the Chinese business environment, Chinese companies have managed to develop strategies to overcome a number of basic disadvantages, and to turn these into inherent advantages.
My tip, be aware of your strategic position and your competitive scope and do not sacrifice the long term future of your company on the alter of short term gains.
Business owners and any interested in global politics and economics must have this analysis........2007-08-04
DRAGONS AT YOUR DOOR: HOW CHINESE COST INNOVATION IS DISRUPTING GLOBAL COMPETITION discusses China's rapid integration into the global economy and its wide-ranging ramifications for world competition and strategy. College-level business courses will find this an excellent survey of how the emergence of China as a business force will fundamentally change the global economy and its alliances over the next decade. Business owners and any interested in global politics and economics must have this analysis.
A.J........2007-07-27
great book I ever read about the new wave from China , becomes a global leader with the powerful weapon that breaks our conventional rules in strategy. How can they afford high technology, variety & customization, and specialty products without increasing costs? This book can answer every your questions. forget the past that they are producers of cheap, low -quality products.
Everyone who believes the world is flat must read this book..
Could mean the difference between life and death of your company/industry..........2007-06-22
It seems as if there have been a rash of books on China's increasing dominance in the global markets, and for good reason. Dragons at Your Door: How Chinese Cost Innovation Is Disrupting Global Competition by Ming Zeng and Peter J. Williamson lays out how China uses their cost advantage to get their foot in the door of a market, and then dominate it. This is a book well worth reading to understand what you may be facing in a few years (if not already)...
Contents:
Introduction - Dragons at Your Door; Disrupting Global Competition - How Did They Get Here So Fast?; Cost Innovation - The Chinese Dragons' Secret Weapon; Loose Bricks - Rethinking Your Vulnerabilities; The Weak Link - Limitations of the Chinese Dragon; Your Response - Winning in the New Global Game; Conclusion - Charting the Future; Notes; Index; About the Authors
Zeng and Williamson show, through numerous examples, how Chinese companies have exploited their cost advantage to become leading global players in markets. Generally speaking, they get into a field and start with lower pricing due to their lower wage structure. They then look for a "loose brick" in their competition. This is a market segment that they can attack and force a competitor to retreat or abandon. Once that occurs, they are then able to start offering both low cost and high innovation/value solutions to the market. Often, the competition will give up these lower-margin segments to concentrate on the higher-margin businesses, thinking that the Chinese can't compete in that area. But more often than not, those high-margin niches will also succumb to the dragons, leaving a company struggling for survival. It's not a pretty picture... But rather than just paint a "gloom and despair" picture, the authors also outline where the weaknesses lie in China's capabilities. Using this information, companies can both protect their established turf as well as compete against Chinese companies in their own markets. It's not an inevitable conclusion that a company will have to fold under the cost advantages offered by a Chinese competitor.
I see this book being valuable on a couple of levels. First off, it raises awareness of an overall plan that is often overlooked when viewed through the daily competitive battles. Giving up a market segment might not seem like a bad idea, but that's usually not the end of the story. Second, it can help guide partnerships and access to the Chinese market. When faced with the potential market share of China, companies are often willing to give up more control than normal just to gain access. But that short-term view can lead to long-term loss as the Chinese learn from the more established partner, start innovating on cost, and then eventually become direct competition with major advantages.
The effect of China on your company's survival can not be underestimated. Time spent reading this book might make all the difference in the world...
Customer Reviews:
Relevent, but problematic analysis.......2000-04-03
Dennis Encarnation adds a new component to what he deems to be an ongoing US-Japan rivalry - competition over Foreign Direct Investment (FDI) in each other's economies and in East Asia.
Although this is an interesting subject worth further examination in the context of an increasingly globalized world and the rise of multinational corporations (MNCs), Encarnation fails in several respects.
First, the respective failure and success of the Japanese and US economies in the 1990's seems to run counter to Encarnation's thesis that greater outward FDI is beneficial and should be pursued vigorously.
Second, the book is structurally fragmented. The chapters explaining the empirical trends do not lead to Encarnation's central thesis, which is dealt with in the first and concluding chapters. In particular, the rise of outward FDI by both the US and Japan does not indicate a national rivalry. The fact that Japan was relatively more closed to US investment was probably resultant of policy measures to some extent, as Encarnation asserts, but whether such policies have in fact provided assymetrical benefits to Japan must be seriously doubted. FDI can bring significant benefits to the receiving economy, a fact Encarnation seems to ignore throughout his analysis.
Encarnation has put together a good deal of empirical data on US and Japanese FDI, but only up until 1989. It would be interesting to hear his thoughts on how events have played out in the past decade in light of his analysis. Perhaps Japan's protective policies were in fact a burden rather than an advantage.
Average customer rating:
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Can East Asia Compete? Innovation for Global Markets (Economics)
Shahid Yusuf , and
Simon Evenett
Manufacturer: A World Bank Publication
ProductGroup: Book
Binding: Paperback
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ASIN: 0821349988 |
Book Description
Can East Asia restore its near magical economic performance, or is its competitive strength beginning to erode? This volume argues that East Asian countries have far from exhausted their growth potential. Future competitiveness will rest upon much greater innovative capability in manufacturing and services, innovativeness that is firmly grounded in stronger institutions, better macroeconomic policies, and closer regional coordination. By succinctly defining the development context for East Asia in the early 21st century, the challenges of middle-and high-income economies, and the options for policymakers, this volume provides a comprehensive guide or the interested reader as well as the specialist.
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East Asian economies are at different stages of development, but to preserve-and to increase-their competitiveness through innovation and the opportunities presented by information and communication technologies (ICT), they need to move quickly to frame and implement policies in five areas. Reform and restructuring of the banking system are matters of priority: Second, corporate governance in East Asia has lagged where management skills have fallen behind, and the pressure on managements to pursue strategies aimed at maximizing shareholder value are often weak. Policies to build institutions, both legal and financial, that shore up shareholders ' rights and sharpen the market for corporate control would significantly augment management capabilities. Third, in an increasingly knowledge-based economy, the supply of workers with the requisite skills and penchant for creativity will determine how much innovation takes place and how it is used to enlarge market shares. The situation requires reinforcing secondary and tertiary education, which influence analytical skills and the aptitude to innovate. Fourth, although computer use in East Asia is spreading and telecommunications facilities are improving daily, e-business and e-commerce are greatly hampered by the inadequacy of supporting services such as secure credit card transactions, fulfillment, logistics, and legal services. Finally, trade liberalization, preferably multilateral trade reform, needs to be actively pursued.
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International Competition Policy: Maintaining Open Markets in the Global Economy
M. A. Utton
Manufacturer: Edward Elgar Publishing
ProductGroup: Book
Binding: Hardcover
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ASIN: 1845426177 |
Book Description
The opening up of world markets, rapid growth of trade and foreign direct investment create manifold problems for competition policy. Thus, international mergers may have adverse effects on many countries, international cartels may carve up world markets and dominant firms may seek to maintain their global position by exclusionary conduct. These problems have been recognized for more than half a century and some attempts have been made internationally to address them, so far with limited success. This progressive new book seeks to explore the problems and concerns that globalization has created for competition policy.
The book begins by setting out the principles of competition and trade policies, and then goes on to address the impact of market globalization on what are usually thought of as traditional antitrust concerns. These include the analysis of the difficulties arising from collusion and other restrictive practices, government sponsored `voluntary co-operation', vertical restrictions and market access, pricing strategies of dominant firms and international mergers, all illustrated with a number of prominent case studies. The author concludes with an illuminating discussion on the feasibility of international co-operation on competition policy, the faltering progress that has been made so far and the prospects for future advances.
This comprehensive volume will prove to be an invaluable resource to students and scholars of law and economics. It will also find wide appeal amongst researchers, policy makers and practitioners with an interest in industrial organization, anti-trust policy and globalization.
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- Why is this book 65 dollars?
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Competing for Capital: Europe and North America in a Global Era (Controversies in Public Policy)
Kenneth P. Thomas
Manufacturer: Georgetown University Press
ProductGroup: Book
Binding: Hardcover
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ASIN: 0878408088 |
Customer Reviews:
Why is this book 65 dollars?.......2001-02-26
Ok, I haven't read the book, but I heard an interview with Ken Thomas on the radio talking about his book and it sounds very interesting. It's about corporate welfare (subsidies/tax breaks given to business by state,local, or national government in order to convince business to build in its area). Im waiting for the book to come in at my local library because there is no way in hell im paying 65 dollars for it. That really bothers me. Anyway, when i finish it, i'll Write a real review. I wouldnt be requesting if from the library if I didnt think it sounded good on the radio.
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- Handbook of Semidefinite Programming - Theory, Algorithms, and Applications (INTERNATIONAL SERIES IN OPERATIONS RESEARCH AND) (International Series in Operations Research & Management Science)
- Harold Wilson and European Integration: Britain's Second Application to Join the EEC (Cass Series--British Foreign and Colonial Policy Series)
- Hegemony or Survival: America's Quest for Global Dominance (American Empire Project)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
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