Trade Liberalization and Market Access: Analyzing Dominican Export Performance during the Twentieth Century

Leading management thinker C.K. Prahalad argues that selling consumer goods to four billion poor people at the bottom of the economic pyramid (BoP) both generates sizeable profits for large businesses and eliminates poverty. A welcome, innovative and influential perspective, but an opportunity missed, I argue here. First, selling to the poor may do little to eradicate poverty, but potentially hurts small businesses and threatens local jobs and incomes. Second, a more precise analysis using household surveys shows a much smaller BoP market size, less than 5% of previous estimates. Third, virtually everyone in developing countries is classified as a 'poor' consumer in much of the BoP literature. The focus and the bulk of Prahalad's new purchasing power rests with the emerging middle class in India, China and Brazil, while the 2 billion people below $2 a day, especially those in Sub-Saharan Africa, are marginalised in this debate. Data for consumer prices confirms that the true challenge is to serve the latter group, those that are completely cut off from the global marketplace. This paper concludes that big businesses have a central role in shaping and expanding these future markets by generating employment and incomes.

Basin of attraction for turbulent thermalization and the range of validity of classical-statistical simulations

Different thermalization scenarios for systems with large fields have been proposed in the literature based on classical-statistical lattice simulations approximating the underlying quantum dynamics. We investigate the range of validity of these simulations for condensate driven as well as fluctuation dominated initial conditions for the example of a single component scalar field theory. We show that they lead to the same phenomenon of turbulent thermalization for the whole range of (weak) couplings where the classical-statistical approach is valid. In the turbulent regime we establish the existence of a dual cascade characterized by universal scaling exponents and scaling functions. This complements previous investigations where only the direct energy cascade has been studied for the single component theory. A proposed alternative thermalization scenario for stronger couplings is shown to be beyond the range of validity of classical-statistical simulations.Comment: 11 pages, 10 figures; version published in JHEP (minor revisions

Simulating nonequilibrium quantum fields with stochastic quantization techniques

We present lattice simulations of nonequilibrium quantum fields in Minkowskian space-time. Starting from a non-thermal initial state, the real-time quantum ensemble in 3+1 dimensions is constructed by a stochastic process in an additional (5th) ``Langevin-time''. For the example of a self-interacting scalar field we show how to resolve apparent unstable Langevin dynamics, and compare our quantum results with those obtained in classical field theory. Such a direct simulation method is crucial for our understanding of collision experiments of heavy nuclei or other nonequilibrium phenomena in strongly coupled quantum many-body systems.Comment: 4 pages, 4 figures, PRL version, minor change

Bosonic effective action for interacting fermions

We compare different versions of a bosonic description for systems of interacting fermions, with particular emphasis on the free energy functional. The bosonic effective action makes the issue of symmetries particularly transparent and we present for the Hubbard model an exact mapping between repulsive and attractive interactions. A systematic expansion for the bosonic effective action starts with a solution to the lowest order Schwinger-Dyson or gap equation. We propose a two particle irreducible formulation of an exact functional renormalization group equation for computations beyond leading order. On this basis we suggest a renormalized gap equation. This approach is compared with functional renormalization in a partially bosonized setting.Comment: new sections on exact mapping between attractive and repulsive Hubbard model and relation between two-particle-irreducible formalism, 32 pages,1 figure,LaTe

Numerically Exact Long Time Behavior of Nonequilibrium Quantum Impurity Models

A Monte Carlo sampling of diagrammatic corrections to the non-crossing approximation is shown to provide numerically exact estimates of the long-time dynamics and steady state properties of nonequilibrium quantum impurity models. This `bold' expansion converges uniformly in time and significantly ameliorates the sign problem that has heretofore limited the power of real-time Monte Carlo approaches to strongly interacting real-time quantum problems. The new approach enables the study of previously intractable problems ranging from generic long time nonequilibrium transport characteristics in systems with large onsite repulsion to the direct description of spectral functions on the real frequency axis in Dynamical Mean Field Theory

Quark description of nuclear matter

We discuss the role of an adjoint chiral condensate for color superconducting quark matter. Its presence leads to color-flavor locking in two-flavor quark matter. Color is broken completely as well as chiral symmetry in the two-flavor theory with coexisting adjoint quark-antiquark and antitriplet quark-quark condensates. The qualitative properties of this phase match the properties of ordinary nuclear matter without strange baryons. This complements earlier proposals by Schafer and Wilczek for a quark description of hadronic phases. We show for a class of models with effective four-fermion interactions that adjoint chiral and diquark condensates do not compete, in the sense that simultaneous condensation occurs for sufficiently strong interactions in the adjoint chiral channel.Comment: 15 pages, 3 figure