Asian Varieties of Service Capitalism?

There is currently only limited empirical research and theoretical conceptualisation of the role of knowledge-intensive business services (KIBS) in the economies of Asia within economic geography or elsewhere in the wider social scientific literature. This paper argues that existing theoretical understandings of KIBS are inadequate to conceptualise the nature of ongoing KIBS development in Asian economies – both emerging and mature – and seeks to address this absence by developing a theoretical framework that draws on a range of existing theoretical approaches within and beyond economic geography. To do this, it proposes the concept of ‘service capitalism’, developed from work concerned with varieties of capitalism (VoC), variegated capitalism and advanced service industries. The paper elaborates its theoretical argument by presenting research into two forms of Asian service capitalism through two case studies examining respectively the specific nature of Japanese KIBS and the development of KIBS in China. Using the case studies, it demonstrates how service industry development in both these Asian economies exhibits distinctive characteristics that are a consequence of both local institutional, corporate, and socio-cultural contexts but are also interconnected the wider global economy in complex ways. The paper thus presents a significant and disruptive challenge to existing theories of KIBS development as based on the western experience, and contemporary deployments of the varieties of capitalism and variegated capitalism approaches

Globalisation and Comparative Economics: Of Efficiency, Efficient Institutions, and Late Development

Does globalisation entail a demand for uniformity, or diversity, of the (political) economic institutions of nation-states? What is the theoretical underpinning of the demand? And what are the implications of the demand for economic development? The conventional literature known as comparative economic systems has been unable to answer these question, because there is an intrinsic tension between its methodology (the neoclassical framework of individualistic rational choices and their equilibrium) and the subject matter (the multiplicity of economic institutions and development experiences in the real world). The new comparative economics has consisted of a variety of attempts to cope with this tension: some aimed at preserving the neoclassical framework at a more fundamental level, while some others aimed at transcending the framework to arrive at a new theory of economic systems and development. This paper argues that attempts that adhere to the neoclassical tradition is likely to lead to dead ends, while attempts that encompass collective as well as individualistic rationality represent more promising directions. Fuller developments of the literature, however, require incorporating objectified institutions and paradigmised technology into its sphere of inquiry. It is submitted that there are important lessons to learn from classical political economy and their modern presentations, particularly Marxian theories of the social forces of production, in this regard

Assessing the Role of Foreign Direct Investment in China’s Economic Development: Macro Indicators and Insights from Sectoral-Regional Analyses

The objective of this paper is to assess the role of FDI in China’s economic development with reference to the broader literature on FDI and late development. Three main findings come out from the analyses in the paper. First, it is found that FDI tends to promote the improvement in allocative efficiency, while having a negative impact on productive efficiency. Second, insofar as FDI does promote overall productivity growth, this tends to be a matter of cumulative causation rather than one of single-direction causation. Third, in the context of a comparative analysis of two distinctive regional models, it is found that the economic impact of FDI tends to be more favourable in the inward-looking, capital-deepening pattern of development (the ‘Shanghai model’) than that in the export-oriented, labour-intensive pattern (the ‘Guangdong model’). Further analyses, however, suggest that the ‘Shanghai model’ has its intrinsic problems of sustainability. The scope for applying it to China as a whole is thus judged to be limited

Introduction – Managing Welfare Expectations and Social Change: Policy Responses in Asia

The question whether Asian welfare types can be classified as distinctly ‘productivist’ has remained subject to lively debates: in East Asia, the recent implementation of social rights-based public policy innovations – including working family support – as a response to rising inequalities, welfare expectations and accelerating social change has been well documented; similarly, South East Asian and South Asian economies have featured much more frequently in comparative social policy analysis as policymakers have sought to address persisting chronic poverty, a diminishing demographic dividend and burdensome epidemiological transitions via integrating human capital formation with social protection measures. Yet, far from a unifying convergence of these social policy trends in the post-Millennium Development Goals era, the global perspective we take in this article suggests continued variation and difference, with a multiplicity of forms of globalizations encountered and/or engendered in diverse contexts. As a consequence, variegated and path-dependent patterns of social development continue to persist across Asian economies. These findings, in turn, address major issues of our time, for they speak to the broader question of what analytical bases and research strategies can best reveal the complexities of (and interactions between) national, extra-national and transnational drivers of welfare formation and development under contemporary but diverse conditions

Making Sense of China’s Economic Transformation

China’s sustained rapid economic growth over the post-1978 reform era, which is also the era of globalisation, is of worldwide importance. This growth experience has been based mainly on China’s internal dynamics. In the first half of the era, economic growth was propelled by improvement in both allocative efficiency and productive efficiency. From the early 1990s until the present time, however, economic growth has been increasingly based on dynamic increasing returns associated with a growth path that is characterised by capital deepening. In both periods, the growth paths and their associated long-term-oriented institutions contradict principles of the free market economy – i.e., doctrines of globalisation. In the form of an analytical overview, this article seeks to explain and interpret the historical background, logic of evolution, and developmental and social implications of China’s economic transformation. The analytics draws on a range of relevant economic theories including Marxian theory of economic growth, Post-Keynesian theory of demand determination, and Neo-Schumpeterian theory of innovation. It is posited that these alternative theoretical perspectives offer better insights than mainstream neoclassical economics in explaining and interpreting China’s economic transformation

Theoretical Issues and Oppositional Politics in East and Southeast Asia

Two decades ago political opposition in various parts of East and Southeast Asia was primarily characterised by peasant insurgencies and radical student movements questioning the very basis of the capitalist path to development. Their campaigns were often conducted outside constitutional processes. In the last decade, however, capitalism and industrialisation has firmly taken root in the region and capitalism’s ascendancy is not in question. As a consequence, the nature of political opposition, the forms through which it is conducted, and the actors involved have undergone a transformation. Extra-constitutional challenges are limited and the predominant agendas of political oppositions in the region have decidedly narrowed to more reformist goals. The new reformers are drawn from new social forces generated by the very processes of rapid capitalist industrialisation, including elements from across a range of classes: bourgeois, middle and working classes. To differing extents and by varying means, they are shaping the contests over power in the region’s dynamic societies

Export Promotion, the Fallacy of Composition and Declining Terms of Trade (or the Moors’ Last Sigh).

This paper examines various schools of trade policy reform and finds little difference between them in regards their essential export optimism. This optimism is based on an unwarranted assumption in cross-country empirical studies. In practise the increasing number of large LDC’s shifting towards export promotion since the 1980s is found to coincide with declining terms of trade for labour-intensive manufactures. So far this decline has been offset by growth in volume. The positive relation is actually dependent on market growth in developed countries rather than domestic policy reform. Marx (the Moor) provides a useful framework in which to analyse this process. His analysis of competition and accumulation within a national economy is transposed to that of international trade. Finally, the increasing integration of capital into ‘value chains’ and the formation of regional trading blocs can be related to the crisis tendencies of competition and the erosion of profit margins

Macalester College Bulletin

This publication is the Macalester College Bulletin, 1975-76 Supplement. Annual college catalog listing courses of study, historical sketch, calendar, honorary degrees, admission requirements, descriptions of departments, lists of faculty and board of trustee committees, summary of students, and lists of faculty and trustees

The black minority ethnic third sector: a resource paper

Contributing towards building a foundation of knowledge on the black minority ethnic (BME) third sector, this paper offers an introductory resource on research in this field. The paper begins with discussion on the (contested) concept of a BME third sector (BME TS) and the existing narrative of distinctiveness; it then goes on to highlight the importance of robust comparative analyses to identify empirical trends of difference between subsectors in order to examine the policy implications for the different subsectors. In an attempt to bring together a disparate collection of material on the BME third sector the remaining section of the paper provides brief overviews of material about different types of organisation that might constitute the BME TS in the broadest sense of the term. These include: refugee and asylum seeker organisations (RCOs), faith based organisations, diasporic immigrant community organisations, black organisations, gypsy and traveller organisations and multicultural organisations. In closing, the paper identifies gaps in the current research base that will be of interest to the wider research community and will inform TSRC's cross-cutting equality research programme