Intro: Comparative Capitalism Research in Emerging Markets – A New Generation
In: New political economy, Band 26, Heft 4, S. 509-513
ISSN: 1469-9923
In: New political economy, Band 26, Heft 4, S. 509-513
ISSN: 1469-9923
In light of growing scholarly works on business failure across the social science domains, it is surprising that past studies have largely overlooked how extreme environmental shocks and 'black swan' events such as those caused by the coronavirus (COVID-19) pandemic and other global crisis, can precipitate business failures. Drawing insights from the current literature on business failure and the unfolding event of COVID-19, we highlight the paradoxes posed by novel exogenous shocks (that is, shocks that transcend past experiences) and the implications for SMEs. The pandemic has accelerated the reconfiguration of the relationship between state and markets, increasing the divide between those with political connections and those without, it may pose new legitimacy challenges for some players even as others seem less concerned by such matters, whilst experiential knowledge resources may be both an advantage and a burden.
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In: Routledge studies in the European economy
"In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere"--
This paper reviews the existing evidence base on the practice of people management in the context of post-state socialist countries of Asia. The focus is on Asian successor states of the Soviet Union and those under direct Soviet domination. In an undeniably diverse region, in all the countries under review there appears to be a disarticulation between liberal market reforms, economic progress, the ability to attract FDI and the development and persistence of a formal employment base. Extended informal networks of support often play an important role, inter alia, in informing recruitment, although clan based networks appear as quite impermeable to outsiders. Regulatory coverage is uneven but in many instances job protection is high. Drawing on the available research base, this paper consolidates and extends the existing state of knowledge on people management within the institutional contexts examined and draws out the implications for theorising and practice. The study highlights how reforms in one area may lead to counter-movements in others, shoring up existing modes of people management. Again, whilst clans and middle classes both have channels for political advocacy, there are fewer opportunities for workers and their representatives; this means that there is little impetus for legislation to promote better practice, workplace inclusivity and equity.
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In: International Journal of Management Reviews, Band 22, Heft 4, S. 427-456
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Industrial districts in the Brazilian automotive industry have facilitated just-in-time production, functional flexibility and compatibility of HR practices since the 1980s. However, this model has been threatened by global over-capacity and the rise of low-cost suppliers in South Korea and China. This paper develops literature on proximity dynamics though exploring the influence of global supply chains on HRM in industrial districts. The more specific research questions are: How viable are industrial districts in the context of global crises? And how is this viability bound up with the awareness of HR practices down the supply chain? The findings indicate that the industrial districts model is under threat. In the context of global supply chains, automotive majors have shifted costs onto their suppliers, disrupting established relationships, and moreover, they often lack knowledge of the employment practices of distant suppliers. Yet, in times of political and economic uncertainty, worker rights might be best served by geographical and cognitive proximity.
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In: Journal of World Business 56, no. 2: 101160.
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In: Industrial Relations Journal, Band 50, Heft 5-6, S. 450-467
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In: Socio-economic review, Band 18, Heft 1, S. 257-294
ISSN: 1475-147X
Abstract
The discussion on 'The comparative institutional analysis of energy transitions' gives us a state-of-the-art overview of the main theoretical and conceptual developments within the field of political economy. It invites us to broaden our knowledge on the changing realities of different geographical regions in energy transition. In this discussion forum, Finnegan discusses emerging themes in the comparative political economy literature of climate change. He identifies gaps and offers an outline for further research. Allen, Allen, Cumming and Johan take a closer look at the links between different types of capitalism and the natural environment. The authors stress the importance of adopting an institutional perspective to explain differences in environmental outcomes. Wood compares the transitions of energy usage and mixes between liberal and coordinated market economies from a historical perspective. He looks for parallels between the energy transition from coal to oil and gas to the current renewables. Nicklich and Endo answer the question 'Do globalization and globally perceived occurrences of environmental problems lead to a convergence of energy supply?'. They compare the fields of German and Japanese wind power with a particular focus on Greenpeace after the Fukushima disaster in 2011. Finally, Lim and Tanaka focus on the question 'When do energy transition policies enjoy broad-based acceptance?'. They conclude that the public acceptance of energy transition varies between Western and non-Western societies.
In: New horizons in international business series
In: Edward Elgar E-Book Archive
In: New horizons in international business
An original and insightful book, this work focuses on domestic and overseas firms operating in those Central Asian and Eastern European countries considered to be the transitional economic periphery. Chapters shed light on their distinct forms of capitalism, and how it influences and adapts the firms located there. The eminent authors show how, in a post-state socialist world, there are several implications for both domestic and overseas firms functioning successfully in the transitional periphery. With the complex mix of political and market mediation and informal personal ties, chapters explore the delicate balance of liberalisation in transitional economies. Detailed examples from specific countries in Eurasia and Central Asia such as Belarus, Azerbaijan, Mongolia, Uzbekistan, Armenia and Georgia are discussed alongside broader thematic issues of economic and social change, labour relations and human resource management. Most importantly, it is shown that liberalisation has little connection to short-term business growth. To succeed in such contexts, international firms need to be both pragmatic and creative in coping with malleable yet durable forms of institutional mediation. Providing a unique perspective on the transitional economic periphery and much-needed insights from international business, this book is essential reading for researchers and graduate students studying transitional economies, non-traditional business models, institutional persistence and change, political and economic development and management in economically transitioning countries
In: Routledge studies in South Asian politics Volume 12
Introduction : contesting political space: who governs in Bangladesh / Ipshita Basu, Joe Devine and Geof Wood -- Party dysfunction and homeostatis in Bangladesh : the old disorder restored (or not) / Harry Blair -- Where are the drivers of governance reform? / Pierre Landell-Mills -- Citizen-centred governance : lessons from high performing Asian economies for Bangladesh / Habibul Haque Khondker -- Governance, rights and the demand for democracy : evidence from Bangladesh / Ipshita Basu, Graham K. Brown and Joe Devine -- Deconstructing the natural state? : is there room for de Tocqueville or only Gramsci in Bangladesh / Geof Wood -- When things go wrong in NGOs : what can be learned from cases of organisational breakdown and "failure"? / David Lewis -- The significance of unruly politics in Bangladesh / Naomi Hossain -- Governance challenges in Bangladesh : old wine in not so new bottles? / Joe Devine, Ipshita Basu and Geof Wood.
In: European Corporate Governance Institute (ECGI) - Finance Working Paper No. 544/2017
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Sovereign wealth funds have an increasing presence in the global financial ecosystem, principally through their investments in equities, which, in turn, may influence HRM. This study examines the influence of the world's largest sovereign wealth fund, the Norwegian Government Pension Fund‐Global (NGPF‐G), on employment in its U.K. investee firms. We find that firms with NGPF‐G investment are significantly less likely to reduce their demand for labour, more specifically in the immediate aftermath of the 2008 financial crisis. When a drop in the demand for labour does occur, it is less extreme when compared to similar organisations without a NGPF‐G shareholding, and this is evident even in the case of relatively small NGPF‐G investments. These findings are in line with the fund's objective of promoting corporate sustainability and Norwegian values. We draw out the key implications of our findings for HR practice.
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