Home About us Contact
|
Home About us Contact | ||
|
|
||
Domestic Market (domestic + market)
Selected AbstractsThe Impact of Trade on Intra-Industry Reallocations and Aggregate Industry ProductivityECONOMETRICA, Issue 6 2003Marc J. Melitz This paper develops a dynamic industry model with heterogeneous firms to analyze the intra-industry effects of international trade. The model shows how the exposure to trade will induce only the more productive firms to enter the export market (while some less productive firms continue to produce only for the domestic market) and will simultaneously force the least productive firms to exit. It then shows how further increases in the industry's exposure to trade lead to additional inter-firm reallocations towards more productive firms. The paper also shows how the aggregate industry productivity growth generated by the reallocations contributes to a welfare gain, thus highlighting a benefit from trade that has not been examined theoretically before. The paper adapts Hopenhayn's (1992a) dynamic industry model to monopolistic competition in a general equilibrium setting. In so doing, the paper provides an extension of Krugman's (1980) trade model that incorporates firm level productivity differences. Firms with different productivity levels coexist in an industry because each firm faces initial uncertainty concerning its productivity before making an irreversible investment to enter the industry. Entry into the export market is also costly, but the firm's decision to export occurs after it gains knowledge of its productivity. [source] Divergent Hybrid Capitalisms in China: Hong Kong and Taiwanese Electronics Clusters in DongguanECONOMIC GEOGRAPHY, Issue 4 2007Chun Yang Abstract: This article explores and compares the changing dynamics and organization of cross-border production by Hong Kong and Taiwanese electronics firms in China, on the basis of more than 40 semistructured interviews with firms from April 2005 to January 2007 in various towns of Dongguan, an emergent "global factory" in south China. Despite initial resemblances, Hong Kong and Taiwanese electronics clusters have adopted different approaches to organize their cross-border production since the late 1990s. Little systemic comparative analysis has been conducted on the causes. The divergent practices can be interpreted as differences in corporate strategies of parent and branch firms, industrial policies in Hong Kong and Taiwan, linkages with global leaders, and home-host interactions in response to the challenges of globalization. To tap into the domestic market of mainland China, Hong Kong companies have tended to become "domestic firms," while Taiwanese companies have become wholly foreign owned and pursued a "pseudo-location" of suppliers of raw materials and components. The article concludes that more comparative studies are needed on divergent hybrid capitalisms that are driven by different sources of foreign direct investment in various host regions, so as to develop empirical insights into appropriate conceptual frameworks. [source] The Temporary Staffing Industry: Growth Imperatives and Limits to Contingency,ECONOMIC GEOGRAPHY, Issue 4 2002Nik Theodore Abstract: The temporary staffing industry (TSI) in the United States has enjoyed explosive growth since the 1970s, during which time the market for temporary labor has become increasingly complex and diverse. Rather than focus, as has typically been done, on the wider labor market effects of this sustained expansion in temporary employment, this article explores patterns and processes of industrial restructuring in the TSI itself. The analysis reveals a powerfully recursive relationship among evolving TSI business practices, the industry's strategies for building and extending the market, and urban labor market outcomes as the sector has grown through a series of qualitatively differentiated phases of development or "modes of growth." Moreover, the distinctive character of the TSI's geographic rollout raises a new set of questions concerning, inter alia, the links between temping and labor market deregulation, the nature of local competition, the scope for and limits of value-adding strategies, and the emerging global structure of the temp market. This idiosyncratic industry,which has been a conspicuous beneficiary of growing economic instability,has, throughout the past three decades, restructured continuously through a period of sustained but highly uneven growth. In so doing, it has proved to be remarkably inventive in extending the market for contingent labor, but has encountered a series of (possibly structural) obstacles to further expansion in its domestic market. These obstacles, in turn, have triggered an unprecedented phase of international integration in the TSI, along with a new mode of development,global growth. [source] Measuring Monetary Policy Shocks in a Small Open EconomyECONOMIC NOTES, Issue 1 2001Giuseppe De Arcangelis This paper presents different specifications of a structural VAR model which are useful to identify monetary policy shocks and their macroeconomic effects for the Italian economy in the 1990s. The analysis is based on a detailed institutional description of the functioning of the domestic market for bank reserves. In this setting, we try to establish if monetary policy shocks are better identified using exchange rates or foreign exchange reserves as a conditioning variable for the small open economy framework. Our analysis confirms the view that the Bank of Italy has been targeting the rate on overnight interbank loans in the 1990s. This is coherent with either proposed modelling choices. Therefore, we interpret shocks to the overnight rate as purely exogenous monetary policy shocks and study how they impact the economy. (J.E.L.: E52, F41, F47). [source] The impact of the national minimum wage on the apparel industryINDUSTRIAL RELATIONS JOURNAL, Issue 4 2002Roger Undy This analysis of the NMW's initial impact in the apparel industry focuses on organisational and institutional factors in explaining the effects on pay and related issues. The NMW had a marked effect on national terms and conditions, in particular raising the minimum earnings level. At the local level, it impacted directly on the pay of a small number of employees in almost half the 42 organisations surveyed in the East Midlands and Northern Ireland. These tended to be the larger employing units facing foreign competition and selling into the domestic market. Also, in some workplaces, the NMW adversely affected the piecework system. The reaction of local management to these changes is discussed. [source] The Impact of Foreign Equity Ownership on Emerging Market Share Price VolatilityINTERNATIONAL FINANCE, Issue 1 2000Mark Coppejans We ask whether foreign equity ownership affects the stability of share prices in an emerging economy. We address the effect of ownership restrictions exogenously imposed on stock ownership and the impact of introducing or widening foreign ownership through cross-listing. A methodology for variance ratio analysis is introduced that corrects for liquidity and volume differences across stock series experiencing different degrees of foreign ownership. We find that foreign ownership does not affect volatility in the absence of cross-listing. Foreign ownership introduced or accompanied by cross-listing of a stock series raises the variance of returns. This effect is found to operate in part through increases in volume traded on the domestic market following the listing, and through an identifiable increase in the volatility of information net of volume effects. [source] Revitalization of Local Community and Ethnicity: Nagasaki's Lantern Festival Among the Immigrant ChineseINTERNATIONAL JOURNAL OF JAPANESE SOCIOLOGY, Issue 1 2003Wei Wang Abstract: The Nagasaki's Lantern Festival is gaining popularity through the continued partnership between the immigrant Chinese (Kakyo) and Nagasaki city, largely owing to the ethnic Chinese revitalization movement and the distinct way of life typical in Nagasaki. Following my past research, I would like to discuss the development and modification of Nagasaki's Lantern Festival, to examine the relationship between the features specific to the Nagasaki area and the changes in the Kakyo community's sense of ethnicity amid the wave of globalization. By the Meiji period, ethnic Chinese society in Nagasaki consisted mainly of immigrants from Fu Jian province. Today the community is experiencing rapid transformation. In particular, the restoration of Sino,Japanese relations and the wave of internationalization have led to the creation of the Nagasaki Shinchi Chinatown Shopping District Promotion Association and the renewal of Chinatown for the ethnic Chinese. The Chinese Spring Festival, originally aimed toward community vitalization, not only included the Kakyo (immigrant Chinese) but the Japanese in the district and private corporations. Nagasaki was transformed not only into a strategic point for East Asia's multilateral trade, but also served as a trading center for the entire nation. But as Japanese ports opened their doors to the world after 1850, Nagasaki was reduced to only one of the local trading centers. As for overseas business, Nagasaki took advantage of its heavy industry by expanding its share in the Asian international market and has been striving in the domestic market to activate the local economy through tourism. Such strategy hinges on the rich historical and cultural resources formed and nurtured within the 400 years of relations with Asian nations. The historical merger between the Kakyo community and its cultural tradition in Nagasaki society served as one of the incentives for such development and progress. The enlargement of Nagasaki's Lantern Festival has been achieved as part of this concept of "Asian-oriented region", in line with the city's plan on tourism promotion. [source] Organizational Attractiveness of Foreign-Based Companies: A country of origin perspectiveINTERNATIONAL JOURNAL OF SELECTION AND ASSESSMENT, Issue 3 2010Fabian Jintae Froese Attracting high-quality applicants is a crucial activity for the success of an organization. In today's globalized world, multinational enterprises need to attract talent not only in the domestic market but also in overseas markets. This exploratory study introduces the country of origin image framework from marketing literature to the context of recruitment in order to examine why foreign companies are (not) attractive to local job seekers, exemplified by the case of Japanese and US companies in Vietnam. Survey results of more than 300 participants confirmed the robustness of our postulated framework. Symbolic images such as the technological development and images of people of a country predicted the attractiveness of foreign companies above and beyond instrumental images of job characteristics. Detailed explanations and practical implications are provided. [source] Trade implications of price discrimination in a domestic marketAGRIBUSINESS : AN INTERNATIONAL JOURNAL, Issue 1 2010Nobunori Kuga This study examines how domestic price discrimination between fluid and manufacturing milk influences dairy trade. Two types of dairy models are used for the study. The first one is a stylized mathematical model which is used to explore the relative trade effects of domestic price discrimination accompanied with revenue pooling mechanism versus border measures in dairy product markets. The second one is a partial equilibrium, multiple-region model of dairy policy and trade, which is used to see the empirical implication of domestic price discrimination for six major dairy producers. The analytical results identify the trading status as the key to determine the relative trade effects. While domestic price discrimination is always less trade distorting than border measures in a net-importer case, the relative trade distortiveness depends on the export volume in a net exporter case. The theoretical possibility that domestic price discrimination is more trade distorting than border measures is found when the ratio of dairy export to domestic manufacturing milk consumption is very high. The results also indicate that while the both support measures increase dairy export, domestic price discrimination may place greater economic burden on fluid milk consumers and less economic burden on tax payers than border measures. In addition, the results imply that domestic price discrimination schemes can be effective trade protective measures for Canada, Japan and the United States, where the schemes are currently being implemented. © 2010 Wiley Periodicals, Inc. [source] Incremental Organizational Change in a Transforming Society: Managing Turbulence in Hungary in the 1990sJOURNAL OF MANAGEMENT STUDIES, Issue 3 2000Laszlo Czaban The rapid liberalization of the former state socialist economies of Eastern Europe coupled with privatization were thought by many in the early 1990s likely to generate effective capitalist firms quite quickly. However, the radical institutional transformation and collapse of Soviet markets resulted in considerable uncertainty for most companies which, together with high sunk costs and lack of resources, inhibited organizational restructuring and strategic change. Despite high levels of foreign ownership and control by the mid-1990s, many Hungarian companies continued to produce much the same kinds of products for mostly the same customers with inputs from mostly the same suppliers as in 1990. While most had reduced employment substantially, and many had disposed of ancillary organizational units, the bulk of the companies considered here had not greatly altered their work systems and overall organizational structures. In the few enterprises where the production process had been extensively reorganized by 1996, this was funded and directed by foreign firms who had taken them over. These foreign firm-controlled companies also tended to have new top managers from outside the enterprise. They additionally introduced new products more often than Hungarian firms, albeit within rather narrow product lines that usually dominated the domestic market. Overall, most of the enterprises studied were still doing much the same set of activities in the mid-1990s, though with fewer staff, as at the start of the decade, and privatization per se had not led to major shifts in enterprise structure and strategy, nor did it seem likely to do so in the foreseeable future. [source] Consumers' purchase intention of organic food in ChinaJOURNAL OF THE SCIENCE OF FOOD AND AGRICULTURE, Issue 8 2010Shijiu Yin Abstract BACKGROUND: The global market for organic food has developed significantly in the past decade. The organic food industry in China is export oriented, with production growing rapidly, although the domestic market remains relatively small. This paper surveys 432 consumers from three cities in China, consequently establishing a logit model to analyse the main factors affecting consumers' choice for organic food. RESULTS: The result indicates that Chinese consumers' intent to purchase organic food is strongly affected by factors such as income, degree of trust in organic food, degree of acceptance of organic food price, and consumers' concern on self-health. This intent is only slightly affected by factors such as consumers' age, education level and concern about environmental protection. CONCLUSION: Based on the results, the following measures are recommended: reduce the cost of organic food through multiple channels to cut down the market price; establish and perfect the supervision system of organic food; and promote organic food through various channels. Copyright © 2010 Society of Chemical Industry [source] Export orientation and technical efficiency: clothing firms in ChinaMANAGERIAL AND DECISION ECONOMICS, Issue 7 2010Vincent Mok Based on 287 of the largest clothing manufacturing firms in southern China in terms of output value, we employed data envelopment analysis to estimate the technical efficiency of the sample firms. A regression analysis was conducted to examine the effects of export orientation on technical efficiency. Our results suggest a U-shaped relationship between export ratio and technical efficiency. The specific nature of the industry in Guangdong province can explain that clothing firms with a high degree of sales in the domestic market or with a high level of export orientation experience a higher level of technical efficiency than those firms trying to conquer both the local and the overseas markets. Copyright © 2010 John Wiley & Sons, Ltd. [source] Iran struggles to expand gas industryOIL AND ENERGY TRENDS, Issue 8 2006Article first published online: 9 AUG 200 Iran has ambitious plans to increase its production of natural gas. Part of the aim is to substitute gas for oil in the domestic market in order to allow more oil to be exported; but Iran also wants to export some of the gas. It is proving difficult, however, to realise these plans. [source] Gazprom's export strategies under the institutional constraint of the Russian gas marketOPEC ENERGY REVIEW, Issue 3 2008Catherine Locatelli The strategy of the Russian gas company Gazprom is today at the centre of the debate surrounding the security of the European gas supply. The European gas market liberalisation is changing the industrial and commercial (that is to say, contractual) strategies of Gazprom in order to deal with the institutional changes in its main export market. In this context, to secure its market shares Gazprom try to acquire a presence downstream, which will give it access to final consumers. However, exports to Europe are affected by conditions in the Russian domestic market, not only in terms of supply and demand, but also in terms of prices. Russia's internal market can hardly be viewed as a genuine market where supply and demand are regulated by price fluctuations. [source] Which Indonesian firms export?PAPERS IN REGIONAL SCIENCE, Issue 3 2003The importance of foreign networks Asia; Indonesia; exports; trade; FDI Abstract. This article examines export propensities among Indonesian manufacturers. The pattern of trade between nations is well understood, but much less is known about firm level determinants to export: why do some Indonesian firms start to export while others continue to produce for the domestic market? One reason for different export propensities could be that the sunk costs for exports differ between firms. This article examines if foreign networks decrease export-costs and thereby have a positive impact on the export propensity in Indonesian manufacturing establishments. Three different types of foreign networks are examined: foreign ownership, import, and the regional presence of Foreign Direct Investment (FDI). [source] FOREIGN NETWORKS AND EXPORTS: RESULTS FROM INDONESIAN PANEL DATATHE DEVELOPING ECONOMIES, Issue 4 2008Fredrik SJÖHOLM F10; F23; L10 Most firms and plants in developing countries produce only for the domestic market and few are able to export. One plausible hypothesis is that foreign networks decrease export costs and that plants with large amounts of such networks will be relatively likely to start exporting. We focus on two types of foreign networks: foreign ownership and imports of intermediate products. Our results suggest that plants in Indonesian manufacturing with any foreign ownership are substantially more likely to start exporting than wholly domestically owned plants. The results remain robust to alternative model specifications and after controlling for other plant characteristics. There is no effect on exports of imports of intermediate products. [source] Modelling the Credit Spreads and Long,Term Relationships of Thai Yankee Bond IssuesASIAN ECONOMIC JOURNAL, Issue 4 2002Jonathan Batten The present study investigates the yield spread between Thai government bonds issued in the US domestic market (,Yankee' bonds) and US Treasury bonds, to determine the long,term equilibrium dynamics and the factors that affect changes in credit spreads. The sample period investigated was from May 5, 1999 to March 26, 2002. The results suggest that the long,term equilibrium relationship holds only between Thai Yankee bonds and long,term US bonds, rather than shorter or equivalent maturity bonds. Also, changes in the credit spreads of Thai Yankee bonds are generally negatively related to changes in the Stock Exchange of Thailand (SET) index (see http://www.set.or.th/th/index.html). Changes in US Treasury bonds also tend to negatively affect spreads on short Thai Yankee bonds and positively affect spreads on long Thai Yankee bonds, although other macroeconomic factors , including exchange rate and capital flow variables , were generally not important. [source] AUSTRALIA'S EQUITY HOME BIASAUSTRALIAN ECONOMIC PAPERS, Issue 1 2008ANIL V. MISHRA This paper constructs the float adjusted measure of home bias and explores the determinants of Australia's equity home bias by employing the International Monetary Fund's high quality dataset (2001 to 2005) on cross border equity investment. On the empirical front, the paper conducts robustness tests by employing instrumental variables that are standard in the financial economics literature. The paper finds that the share of the number of firms listed in the domestic market and the share of internet users in the total population of the host country has a significant impact on equity home bias. Trade linkages are found to have a mixed impact on equity home bias. The paper also finds that the country's market share of the world market capitalisation and transaction costs do not impact Australia's equity home bias. Investors are found to exhibit low diversification motives. [source] Trade Liberalization and the Geography of Production: Agglomeration, Concentration, and Dispersal in Indonesia's Manufacturing IndustryECONOMIC GEOGRAPHY, Issue 3 2004Örjan Sjöberg Abstract: The effect of the liberalization of trade on the spatial concentration of economic activities is not straightforward. It has been widely argued that protectionism increases spatial concentration as firms locate close to the main domestic markets. However, it has also been argued that an expansion of international trade primarily favors existing industrial centers and therefore leads to increased regional inequalities. Against the background of ongoing debates in both mainstream economics and in geography, we examine the spatial concentration of manufacturing in Indonesia between 1980 and 1996, a period when Indonesia substantially liberalized its trade regime. The high concentration did not decrease during this period, and establishments that engaged in international trade were actually comparably concentrated. We discuss some possible explanations for the spatial concentration in Indonesia and conclude that a host of factors may affect the outcome of trade liberalizations. In particular, the spatial configuration of the national settlement system is a potentially important factor in this regard. [source] European Banking Integration: Don't Put the Cart before the HorseFINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 2 2006Jean Dermine This paper reviews the progress in European banking integration over the last twenty years, and evaluates the current system of banking supervision and deposit insurance based on ,home country' control. The public policy implications to draw from the paper are threefold: First, after a relatively slow start, European banking integration is gaining momentum, in terms of cross-border flows, market share of foreign banks in several domestic markets, and cross-border M&As of significant size. If this trend continues, the issue of adequate supervision and safety nets in an integrated European banking market will become even more pressing. Second, although until recently banks have relied mostly on subsidiary structures to go cross-border, this is changing with the recent creation of the European company statute, which facilitates cross-border branch banking. A review of the case of the Scandinavian bank, Nordea Bank AB, helps to understand some remaining barriers to integration, and the supervisory issues raised by branch banking. Third, it is argued that the principle of ,home country' supervision is unlikely to be adequate in the future for large international banks. Because the closure of an international bank would be likely to have cross-border spillovers, and because some small European countries might be unable to finance the bail-out of their very large banks, centralization, or at least Europe-wide coordination, of the decision to close or bail-out international banks is needed. This raises the issue of European funding of bail-out costs, European banking supervision, and European deposit insurance. [source] Globalization, global health, and access to healthcare,INTERNATIONAL JOURNAL OF HEALTH PLANNING AND MANAGEMENT, Issue 2 2003Téa Collins Abstract It is now commonly realized that the globalization of the world economy is shaping the patterns of global health, and that associated morbidity and mortality is affecting countries' ability to achieve economic growth. The globalization of public health has important implications for access to essential healthcare. The rise of inequalities among and within countries negatively affects access to healthcare. Poor people use healthcare services less frequently when sick than do the rich. The negative impact of globalization on access to healthcare is particularly well demonstrated in countries of transitional economies. No longer protected by a centralized health sector that provided free universal access to services for everyone, large segments of the populations in the transition period found themselves denied even the most basic medical services. Only countries where regulatory institutions are strong, domestic markets are competitive and social safety nets are in place, have a good chance to enjoy the health benefits of globalization. Copyright © 2003 John Wiley & Sons, Ltd. [source] Sturgeon aquaculture in China: status of current difficulties as well as future strategies based on 2002,2006/2007 surveys in eleven provincesJOURNAL OF APPLIED ICHTHYOLOGY, Issue 6 2009By R. Li Summary A nationwide survey in July and August 2007 employed a representative sample of Chinese sturgeon farms from 2002,2006/2007, including data from previous surveys and official statistics dating back to 1998, showing that the development of China's sturgeon aquaculture has progressed steadily in the past few years. Acipenser baerii and Amur hybrids (Acipenser schrenckii × Huso dauricus) have become the dominant cultured species, accounting for 80% of total production. Production centers moved from the southeastern coast towards the midwestern inland provinces, where cold freshwater resources are available in abundance. The paper presents production trends as well as the price structure for commercial fish/meat and juveniles in the various provinces and also considers import and export data for products, fertilized eggs and fingerlings. Results show that: (i) production of juveniles in hatcheries has risen only slightly during the survey period; (ii) the number of larvae obtained from the wild gradually declines each year; (iii) the price for commercial fish/meat drastically declined between 1998 to 2002, but remained stable from 2002 to 2007; and (iv) total production from the 83 surveyed farms was almost stable from 2002 to 2007. Major problems influencing sustainable development of sturgeon aquaculture were identified, including: (i) insufficient domestic supply of larvae and the ban for commercial use of A. sinensis; (ii) disorganized hybridization; (iii) the potential threat to the genetics of natural stocks in the Yangtze River; (iv) diseases originating from environmental pollution and poor-quality fish feed; (v) limited domestic markets; (vi) low volume of sturgeon export due to lack of intensive processing; and (vii) lack of organizational structure in the industry. [source] A historical review of research on the weaver ant Oecophylla in biological controlAGRICULTURAL AND FOREST ENTOMOLOGY, Issue 1 2008Paul Van Mele Abstract 1,Although the weaver ant Oecophylla is the first written record of biological control, dating from 304 ad, there have been fewer than 70 scientific publications on this predator as a biological control agent in Asia, from the early 1970s onwards, and fewer than 25 in Africa. 2,Apart from crop-specific ecological and perceptual factors, a historical review shows that political and market forces have also determined the extent to which Oecophylla was incorporated into research and development programmes. 3,In Africa, research on weaver ants in biological control concentrated on export crops, such as coconut and cocoa, whereas, in Asia and Australia, research focused on fruit and nut crops, primarily destined for domestic markets. 4,Increased evidence of pesticide inefficiency under tropical smallholder conditions, changing paradigm shifts in participatory research and a growing scientific interest in local knowledge in the early 1990s opened up new avenues for research on conservation biological control. 5,Lobbying and advocacy have been needed to ensure that Oecophylla was recognized as an effective biological control agent. 6,With an increased market demand for organic produce, holistic approaches such as conservation biological control, particularly the use of Oecophylla, are increasing in importance. 7,Multi-stakeholder strategies for collaborative learning are proposed for a better control of major fruit, nut and timber tree pests in Africa, Asia and Australia. [source] Measurement and analysis of truck and rail shipping environment in IndiaPACKAGING TECHNOLOGY AND SCIENCE, Issue 6 2007S. P. Singh Abstract Free trade agreements have been on the rise in all regions of the world in the past decade. This has allowed for global distribution and marketing of products in an international market. Products once produced for domestic markets must now be able to compete in international markets without trade barriers. Increased international commerce and manufacturing have forced many packaging and logistics engineers to broaden their true understanding of the global distribution environment. India is a recent entrant on the global arena for manufacturing and services. While China's economic developments have dominated global headlines, India's own growth has been impressive as well, with a gross domestic product rising 5% per annum on average since 1990. India is hence primed to follow China as the next low-cost manufacturing super power. With an increasing interest from multinational corporations in conducting commerce with India, there arises a great need to understand the conditions of the transportation infrastructure there to promote logistical understanding of the distribution environments. This paper provides a brief overview of the road and rail transportation environment in India. It also provides the results of a 2 year study that measured and analysed truck and rail transport vibration for the major freight distribution routes between New Delhi, Bangalore, Mumbai, Chennai, Hyderabad and Kolkatta. Copyright © 2007 John Wiley & Sons, Ltd. [source] Determinants of structural change in food exports from developing countriesASIAN-PACIFIC ECONOMIC LITERATURE, Issue 2 2009Juthathip Jongwanich Over the past three decades, there has been a rapid expansion of processed food exports, replacing traditional agriculture exports such as coffee and tea. However, this development and its policy implications have received little attention in the literature. This paper provides an overview of key characteristics and growth patterns of processed food exports in developing countries. The determinants of structural change towards processed food exports in developing countries are examined using panel data econometric analysis. The results suggest that trade policy openness, large domestic markets, good macroeconomic management,especially in terms of price stability,adequate financial support and infrastructure are the key factors influencing the shift towards processed food exports. [source] TRADE AND INDUSTRIAL ORGANISATION: JAPANESE AMMONIUM SULPHATE INDUSTRY IN THE INTERWAR PERIODAUSTRALIAN ECONOMIC HISTORY REVIEW, Issue 1 2006Anil Khosla, Article first published online: 8 MAR 200 chemical industry; industrial organisation; Japan; oligopoly Trade is considered an effective antidote to the exercise of domestic market power. This article, through an analysis of the structure, conduct and performance of the Japanese ammonium sulphate industry during the interwar period, shows that trade is not always a sufficient condition for domestic markets to become competitive. In industries exhibiting substantial economies of scale, availability and diffusion of technology, existence of surplus international capacity and the ability of domestic producers to deter imports can impede instantaneous adjustment of international supply to imbalances in demand and supply thereby allowing domestic producers to exercise their market power. [source] Export-led industrialisation and growth: Korea's economic miracle, 1962,1989AUSTRALIAN ECONOMIC HISTORY REVIEW, Issue 3 2003Charles Harvie During 1962,1989, South Korea underwent a remarkable economic transformation from being poverty-ridden to attaining the status of newly industrialised nation. This transformation was achieved through the adoption of an outward-oriented, industry-led strategy. It was based, particularly during the 1970s, upon the development of large-scale industrial conglomerates and the attainment of economies of scale and technology to achieve international competitiveness. By the early 1980s, this strategy had resulted in major structural imbalances, a weakened financial sector, heavy concentration in domestic markets, and a repressed development of small and medium enterprises. By the end of the 1980s, despite attempts at economic reform, the structural and financial problems remained and became the country's undoing during the crisis of 1997,1998. This article reviews the question whether Korea's performance during this period can be described as an economic miracle. The empirical evidence is mixed and inconclusive, although the achievements of the Korean economy should not be underestimated. [source] Strategy and Opportunism in European Retail InternationalizationBRITISH JOURNAL OF MANAGEMENT, Issue 4 2001John Dawson Europe in recent years has witnessed an increase in the amount of cross-border operations by retailers. The retail sector has undergone substantial structural change characterized by the emergence of a group of rapidly-growing large retailers, a redefinition of the balance of internalized and externalized functions and a need to respond to the cultural variety present in Europe that becomes evident as retailers move out of their domestic markets. The over-arching requirement for these large retailers is to grow and gain scale economies. Internationalization of operations has become a requirement for these large firms. It is argued that the established academic conceptualizations of internationalization are unsatisfactory in not addressing this overriding requirement for growth. There is great variety in the international activity in retailing, with the absence of pattern being one of the few generalities. It is proposed that consideration of opportunism may be a better way to gain understanding of retailer activity than trying to fit activity into deterministic strategic models. The experiences of five West European retailers entering and building retail networks in Poland is provided as evidence for this view. Suggestions are made for future work exploring this issue of opportunism as a process in international retailing. [source] The Timber Trade in Southeastern Brazil, 1920,1960BULLETIN OF LATIN AMERICAN RESEARCH, Issue 3 2005Christian Brannstrom Logging economies in Latin America have long supplied forest resources to international and domestic markets. One of Latin America's more significant timber regions supplied South America's largest industrial metropolis, São Paulo. However, relatively little is known about the historical geography of logging in Brazil, or elsewhere in Latin America, in part because of the bias of forest histories to the destruction, rather than utilisation, of forest resources. This study focuses on domestic demand for hardwood and its salient characteristics: transport, the distribution of sawmills, the use of contracts and dangerous working conditions. [source] | |||||||||||||||||||||||||||||||