The myth of economic globalisation
Article Abstract:
It is believed that globalisation is affecting the economies of Europe because of increasing trade links across the world. However, while there may be increasing trade within regions, such as the EU or ASEAN countries, trade outside these areas has fallen or remained the same. This suggests that the regions are resisting further integration into the global economy. One explanation of why companies are not operating in low-wage countries is that they tend to remain in regions where there is pool of skilled workers, suppliers are on hand and the flow of information is easier.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Irving Fisher's debt-deflation theory: its relevance to current conditions
Article Abstract:
Debt-deflation can occur due to falling asset prices, financial crisis, debt repayment difficulties, or the interdependency of the financial system. This is opposed to Irving Fisher's debt-deflation theory which avers that a drop in commodity prices increases the debt burden of borrowers. The 1987 stock market crash exemplifies this modern theory. Government bailouts of the financial system and lender-of-the-last-resort intervention help in aborting debt-deflations since lenders have a crucial role to play.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Keynes-plus: effective demand and changes in firm-level R and D: an empirical note
Article Abstract:
An increase in demand for the products of a firm tends to act as a stimulus for that firm to carry out research and development. Keynesians and Keynes have tended to ignore this characteristic of effective demand. Innovation by companies helps to boost profits, exports and employment, so this finding is significant. There are polic implications for this finding, which confirms the demand-pull view of Schmookler on investment in research by companies.
Publication Name: Cambridge Journal of Economics
Subject: Economics
ISSN: 0309-166X
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The chain version of comparative advantage: An empirical investigation. Measuring the market power in the ceramic tile industry: An international comparison
- Abstracts: The composition of public expenditure and economic growth. Cost reduction, entry, and the interdependence of market structure and economic growth
- Abstracts: Inflation, unemployment and the NAIRU in Australia. Exchange Rates and Capital Controls. Theoretical Issues in Exchange Rate Determination
- Abstracts: Fifty years of U.S. income data from the current population survey: alternatives, trends, and quality. Quit behavior as a measure of worker opportunity: black workers in the interwar industrial north
- Abstracts: The social return to apprenticeship training. Intergenerational redistribution and fiscal policy