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Development Models, Globalization and Economies
A Search for the Holy Grail?
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In the midst of a globalisation revolution, both strong and weak economies become evident and a battle rages over the use of economic models. The US or Anglo-Saxon model is often portrayed as the best, yet Europe has a well-known Social Model, and Asia has enjoyed success in the past wherein the "Asian Economic Miracle" was highly vaunted before their crash. But now Asia, especially China, is again on a roll.
Development Models, Globalization and Economies is not about a battle between the states and their respective economic models, rather it is a comparison of systems of economic integration which, per se, are neither good nor bad. General - or even Universal - theories meant to explain similar economic processes across cultures are almost certain to mislead. It is the aim of this book to trigger a deep and fruitful discussion about the reality and practice of economic modelling that will ultimately lead to effective and sustainable economic development.
'Here is the guide we have been waiting for to the various pathways to development and prosperity, a roadmap to the main economic models of our time, and to the varied challenges they can involve.' - Martin Walker, Chief Executive Officer and Editor-in-Chief, United Press International
'This is an important volume! The papers put together by Kidd and Richter offer a rich variety of development models for analyzing the world economy. One of the great strengths of the volume is its breadth. The models go beyond pure economics, and also deal with culture, history and traditions. This is must reading for those interested in understanding the challenges and opportunities of the global economy.' - Sebastian Edwards, Henry Ford II Professor of International Economics, UCLA's Anderson Graduate School of Management Member, Governor Schwarzenegger's Council of Economic Advisors
'The reality of multiple capitalisms in a globalising world is starkly underlined by this powerful volume. It should be required reading for everyone who uses the word globalisation.' - Tom Spencer, Executive Director, ECPA
List of Tables and Figures Foreword; L.Book Heng Notes on the Contributors The Complex Competition for Relevance?; J.B.Kidd & F.Richter PART 1: MODELS The Anglo-Saxon Model; N.Srinivasan Communitarian Capitalism and the Social Market Economy: An Application to China; C.J.Choi The Nordic Model of Economic Development and Management; H.Byrkjeflot The Indian Reform 'Model'; L.Bhandari The East Asian Development Model; W.Klenner PART 2: CRITIQUES AND ALTERNATIVE VIEWS East Asian Capitalism: The View from the Tokyo, Seoul, Beijing Axis; T.Mitchell 'Emerging Multinationals' in the Global Economy; A.Goldstein Is Lean Production Sustainable?: The Rise and Decline of Neo-Fordism; H.B.Cheah PART 3: WAYS FORWARD A New European Model; J.Munkhammar A View from Porto Allegre; F.Houtart Moral Capitalism; S.B.Young PART 4: ENDPIECE Futures - and Still More Complexity; J.B.Kidd & F.Richter Index
JOHN B. KIDD is a Research Fellow at Aston Business School, Birmingham, UK where he studies the overlap of technological and human factors in the strategic alliances of multinational firms. He has made presentations at conferences and in Business Schools on all continents of the world, authored many journal papers and book chapters. His recent books include Fighting Corruption in Asia: Causes, Effects and Remedies (World Scientific Press, 2003), Trust and Antitrust in Asian Business Alliances (Palgrave Macmillan, 2004) and Infrastructure and Productivity in Asia (Palgrave Macmillan, 2005).
FRANK-JÜRGEN RICHTER is the President of HORASIS: The Global Visions Community - a Geneva-based consultancy focusing on long-term scenarios related to corporate globalization and Asian business. Prior to founding HORASIS he was Director of the World Economic Forum, in charge of Asian affairs. He has lived, studied and worked in Asia for almost a decade, principally in Tokyo and in Beijing where he developed and managed a European Multinational's China operations. He is an active scholar and has authored and edited a series of books on Asian country economies and international business. His most recent books include Tigers Fly: Asian Business Goes Global (Wiley, New York and Singapore) and Asia's New Crisis: Renewal through Total Ethical Management (Wiley, New York and Singapore).
Description
In the midst of a globalisation revolution, both strong and weak economies become evident and a battle rages over the use of economic models. The US or Anglo-Saxon model is often portrayed as the best, yet Europe has a well-known Social Model, and Asia has enjoyed success in the past wherein the "Asian Economic Miracle" was highly vaunted before their crash. But now Asia, especially China, is again on a roll.
Development Models, Globalization and Economies is not about a battle between the states and their respective economic models, rather it is a comparison of systems of economic integration which, per se, are neither good nor bad. General - or even Universal - theories meant to explain similar economic processes across cultures are almost certain to mislead. It is the aim of this book to trigger a deep and fruitful discussion about the reality and practice of economic modelling that will ultimately lead to effective and sustainable economic development.
Reviews
'Here is the guide we have been waiting for to the various pathways to development and prosperity, a roadmap to the main economic models of our time, and to the varied challenges they can involve.' - Martin Walker, Chief Executive Officer and Editor-in-Chief, United Press International
'This is an important volume! The papers put together by Kidd and Richter offer a rich variety of development models for analyzing the world economy. One of the great strengths of the volume is its breadth. The models go beyond pure economics, and also deal with culture, history and traditions. This is must reading for those interested in understanding the challenges and opportunities of the global economy.' - Sebastian Edwards, Henry Ford II Professor of International Economics, UCLA's Anderson Graduate School of Management Member, Governor Schwarzenegger's Council of Economic Advisors
'The reality of multiple capitalisms in a globalising world is starkly underlined by this powerful volume. It should be required reading for everyone who uses the word globalisation.' - Tom Spencer, Executive Director, ECPA Contents
List of Tables and Figures Foreword; L.Book Heng Notes on the Contributors The Complex Competition for Relevance?; J.B.Kidd & F.Richter PART 1: MODELS The Anglo-Saxon Model; N.Srinivasan Communitarian Capitalism and the Social Market Economy: An Application to China; C.J.Choi The Nordic Model of Economic Development and Management; H.Byrkjeflot The Indian Reform 'Model'; L.Bhandari The East Asian Development Model; W.Klenner PART 2: CRITIQUES AND ALTERNATIVE VIEWS East Asian Capitalism: The View from the Tokyo, Seoul, Beijing Axis; T.Mitchell 'Emerging Multinationals' in the Global Economy; A.Goldstein Is Lean Production Sustainable?: The Rise and Decline of Neo-Fordism; H.B.Cheah PART 3: WAYS FORWARD A New European Model; J.Munkhammar A View from Porto Allegre; F.Houtart Moral Capitalism; S.B.Young PART 4: ENDPIECE Futures - and Still More Complexity; J.B.Kidd & F.Richter Index Authors
JOHN B. KIDD is a Research Fellow at Aston Business School, Birmingham, UK where he studies the overlap of technological and human factors in the strategic alliances of multinational firms. He has made presentations at conferences and in Business Schools on all continents of the world, authored many journal papers and book chapters. His recent books include Fighting Corruption in Asia: Causes, Effects and Remedies (World Scientific Press, 2003), Trust and Antitrust in Asian Business Alliances (Palgrave Macmillan, 2004) and Infrastructure and Productivity in Asia (Palgrave Macmillan, 2005).
FRANK-JÜRGEN RICHTER is the President of HORASIS: The Global Visions Community - a Geneva-based consultancy focusing on long-term scenarios related to corporate globalization and Asian business. Prior to founding HORASIS he was Director of the World Economic Forum, in charge of Asian affairs. He has lived, studied and worked in Asia for almost a decade, principally in Tokyo and in Beijing where he developed and managed a European Multinational's China operations. He is an active scholar and has authored and edited a series of books on Asian country economies and international business. His most recent books include Tigers Fly: Asian Business Goes Global (Wiley, New York and Singapore) and Asia's New Crisis: Renewal through Total Ethical Management (Wiley, New York and Singapore). terte
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