Stagnation as a problem of transition: arguments and proposals
Article Abstract:
Structural change in advanced capitalist economies occurs when there is a shift from one accumulation regime to another. This occurred in the late 1960s and 1970s as profit shares fell, unemployment rose and other problems surfaced such as inflation and trade deficits. There has been a drive to boost labor flexibility as a solution to unemployment. The shift to a new regime brings uncertainty and the policy implication is that governments can ease the pains of transition by reducing uncertainty. Companies are seeking to boost profits by shedding labor, while expansion brings benefits but involves risk and uncertainty.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1996
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Capacity utilization and corporate restructuring: A comparative study of the US, UK and other EU countries
Article Abstract:
Capacity utilization in the manufacturing sectors of the US, UK and other European Union (EU) countries over three decades is compared. Corporate governance and the pressures of globalization have led to a tighter capacity stance in UK and its firms adopted a submissive response to the pressures of globalization by shutting capacity and retreating from new investments.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2005
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A disaggregated analysis of EU imports: the implications for the study of patterns of trade and technology
Article Abstract:
The impact of globalization on unit prices of imports in European Union, during 1988-2002, is examined.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 2006
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