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691. Global Value Chains, Technology Transfer and Local Firm Upgrading in Non-OECD Countries

Author:
Robert Kappel and Juliane Brach
Publication Date:
10-2009
Content Type:
Working Paper
Institution:
German Institute of Global and Area Studies
Abstract:
The productivity and competitiveness of local firms in non-OECD countries depends as much on technological capacities and successful upgrading as in industrialized countries. However, developing countries undertake very little to no original R and primarily depend on foreign technology. Long-term contracts and subcontracting arrangements within global value chains are here very important forms of transnational cooperation and therefore also important channels for technology transfer, especially as the majority of these countries attract only limited foreign direct investment. Drawing on innovation and growth models as much as on value-chain literature, we outline an analytical model for empirical research on local firm upgrading in non-OECD countries and technology transfer within global value chains.
Topic:
Development, Globalization, Science and Technology, and Foreign Direct Investment

692. Australia's poisoned alumni: international education and the costs to Australia

Author:
Michael Wesley
Publication Date:
08-2009
Content Type:
Policy Brief
Institution:
Lowy Institute for International Policy
Abstract:
What is the problem? International education is Australia's third-largest export market, earning over $15 billion in export income annually. But as tertiary institutions face incentives to maximise income from foreign students, some have lowered language standards and cut costs on student welfare and service provision.
Topic:
Crime, Economics, Education, Globalization, and Migration
Political Geography:
Australia/Pacific

693. Beyond Market Forces: Regulating the Global Security Industry

Author:
James Cockayne, Emily Speers Mears, Alison Gurin, Iveta Cherneva, Sheila Oviedo, and Dylan Yaeger
Publication Date:
07-2009
Content Type:
Working Paper
Institution:
International Peace Institute (IPI)
Abstract:
In late 2008, seventeen states, including the US, UK, China, Iraq, Afghanistan, and others, endorsed the Montreux Document on Pertinent International Legal Obligations and Good Practices for States related to Operations of Private Military and Security Companies during Armed Conflict (2008). This provides important guidance to states in regulating private military and security companies (PMSCs). However, there is a need to do more, to provide increased guidance to the industry and ensure standards are enforced.
Topic:
Security, Globalization, Markets, International Security, and Financial Crisis
Political Geography:
Afghanistan, United States, China, Iraq, and United Kingdom

694. OEF Commentary on Avian Flu

Publication Date:
01-2009
Content Type:
Working Paper
Institution:
Oxford Economics
Abstract:
OEF has regularly provided scenario assessments of the economic impact of a wide range of risks to the global outlook from financial market volatility to banking crises to country studies to threats arising from less economy-based disturbances such as earthquake damage and the impact of health scares like the UK's foot and mouth outbreak and Asia's SARS attack of 2003.
Topic:
Economics, Globalization, Health, and Infectious Diseases
Political Geography:
Europe and Asia

695. Global capital flows on the rebound?

Publication Date:
10-2009
Content Type:
Working Paper
Institution:
Oxford Economics
Abstract:
Global capital flows dropped steeply in the wake of the financial crisis, with an unprecedented outflow of foreign funds both from developed and emerging markets.
Topic:
Economics, Globalization, Markets, and Monetary Policy

696. Leaders and laggards, on the way down and up

Publication Date:
10-2009
Content Type:
Working Paper
Institution:
Oxford Economics
Abstract:
With the economies of most countries having passed their troughs, it is a good time to take stock of some of the main features of the crisis so far and to assess what the upturn may look like. In this article, we look back at how the different countries have fared in this crisis and how monetary and fiscal authorities have responded to the crisis. We then turn to the nascent recovery to compare and contrast the upturn across countries. Finally, we highlight some of the main legacies of this crisis. Exposure to financial services, housing booms, consumer debt and trade with the US were seen as factors that would make some countries suffer deeper downturns than others. In the event, the downturn has surprised by how quickly it has spread across countries. So the most affected countries turned out to be the most exposed to the world economy such as Germany, Italy, Japan and Eastern Europe. All major central banks have responded with aggressive cuts in interest rates and adopted wide-ranging unconventional measures. This has helped stabilise financial markets, but the goal of getting credit flowing to the non-financial economy has not yet been achieved. Governments have also responded to the crisis with large fiscal stimulus packages. These packages have helped contain the collapse in activity and contributed to some countries exiting the recession in 2009Q2. Whether these packages will be enough to get the world economy back on a sustainable growth path is still uncertain though. Beyond the short term, where fiscal stimulus and the stock cycle will boost growth, the recovery is expected to be sluggish and bumpy in most places. History suggests that recoveries from financial crises tend to be slower than others, and the repair of household and corporate balance sheets will be a drawn out process. In addition, with large amounts of spare capacity around the world, demand for investment will be weak for some time to come. Furthermore, the nascent upturn has already put pressure on oil and commodity prices. If this continues, it will hamper growth in net importer economies. These factors will combine with country-specific features that determine their potential growth. We forecast the recovery to be most drawn out in Italy, Japan and Germany as these countries are hit by weak demand for investment goods and are characterised by relatively low potential growth. One main legacy of this crisis is the likelihoo d of years of fiscal austerity, to bring public deficits back under control. Another legacy may be in changes to the regulation of financial services, although do date little progress has been made in this area. In addition, EMU has so far proved a resilient entity during the crisis, so that the euro could gain a more prominent role on the world stage, depending on how it fares in the upturn.
Topic:
Economics, Globalization, and Markets
Political Geography:
Japan, Europe, Germany, and Italy

697. Could swine flu tip the world into deflation?

Publication Date:
06-2009
Content Type:
Working Paper
Institution:
Oxford Economics
Abstract:
Health experts agree that, while the current flu epidemic that started in Mexico in April 2009 may weaken during the summer, it could re-appear in the autumn, possibly in a stronger form. Using historical benchmarks of previous flu pandemics and of the SARS episode, we estimate the economic impact of a global flu pandemic.
Topic:
Economics, Globalization, Health, and Infectious Diseases
Political Geography:
Mexico

698. The Politics of Globalization Studies: From the problem of sovereignty to a problematics of government

Author:
Wanda Vrasti
Publication Date:
10-2009
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
In the interest of convenience, the study of globalization can be grouped into three camps – hyperglobalist, sceptic, and transformationalist approaches (Held et al. 1999). Over the past decade or so, the first two have gradually fallen into disrepute for their empirical weaknesses and their theoretical lack of sophistication. By default, proponents of the transformationalist thesis, although by no means a unified approach, have emerged triumphant by being able to offer increasingly compelling examinations of the changing relation between space and sovereignty.
Topic:
Globalization, Sovereignty, Political Theory, and Governance
Political Geography:
North America

699. The Future of European Development Cooperation: Seeking Global Solutions or Retracing a Niche by 2020?

Author:
Sven Grimm and Erik Lundsgaarde
Publication Date:
11-2009
Content Type:
Working Paper
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
This article discusses the future prospects for European Development Cooperation. The authors argue that the way EU policy for global development will look in the future will depend on how the organization manages two key challenges. The first challenge relates to the changing political dynamics within an enlarged EU and the need to accommodate a diverse set of preferences concerning development policy priorities. The second challenge stems from an evolving external environment characterized by an increasing emphasis on global public goods and the multiplication of global development players. While both of these challenges place pressure on the existing European development consensus, they also offer an impetus for strengthened coordination in the development policy sphere at the European level.
Topic:
Development and Globalization
Political Geography:
Europe

700. Tourism in the Developing World

Author:
Raymond Gilpin and Martha Honey
Publication Date:
10-2009
Content Type:
Working Paper
Institution:
United States Institute of Peace
Abstract:
Although often underestimated, the tourism industry can help promote peace and stability in developing countries by providing jobs, generating income, diversifying the economy, protecting the environment, and promoting cross-cultural awareness. Tourism is the fourth-largest industry in the global economy.
Topic:
Climate Change, Development, Globalization, and Third World
Political Geography:
India and Nigeria