The evolution of the world economy : the 'flying-geese' theory of multinational corporations and structural transformation
著者
書誌事項
The evolution of the world economy : the 'flying-geese' theory of multinational corporations and structural transformation
（New horizons in international business）
E. Elgar, c2016
- : cased
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注記
Includes bibliographical references (p. 182-194) and index
内容説明・目次
内容説明
The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the 'flying-geese' theory explains how capitalism has changed industrial structures across the world. It asks whether the 'flying-geese' formation will survive the changes that have produced the East Asian miracle, and - as hoped - spread to Africa.Terutomo Ozawa's reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful 'flying-geese' formation and structural transformation. The book argues that the 'ladder' of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana - moving from 'kicking away the ladder' from emerging economies to then providing it - demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs.
This enlightening, accessible and timely conclusion to Ozawa's trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.
目次
Contents: PART I REFORMULATION IN STRUCTURALIST PERSPECTIVE 1. Why Akamatsu's Original Theory needs Reformulation 2. The Classical Origins of Akamatsu's Ideas: A Missing Link to David Hume's 'Flying-manufacturers' Theory 3. The Ladder of Economic Development Revisited- and Elaborated 4. The Dynamics of MNC-impacted Comparative Advantage: Relevance to Ricardo's View on FDI and Samuelson's Scepticism about Globalization PART II HOME-GROWN MULTINATIONALS AT DIFFERENT STAGES OF GROWTH 5. The Rise of Multinationals from Emerging Markets: East Asian Experiences 6. The Next Great Industrial Transmigration: Relocating China's Factories to Sub-Saharan Africa, Flying-geese Style? PART III FLYING-GEESE FORMATION AT A NEW CROSSROADS 7. Prospects for the Future of FG-style Growth Index
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