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| Srl | Item |
| 1 |
ID:
139441
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| Summary/Abstract |
This article argues that capitalist globalization is largely responsible for creating or intensifying many of our most serious economic and social problems. It first describes the forces that drove core country transnational corporations to create a complex system of cross-border production networks. It then maps the resulting new international division of labor, in which Asian countries, especially China, import primary commodities from Latin American and sub-Saharan African countries to produce exports for core countries, especially the United States. In core countries, globalization has led to the destruction of higher paying jobs, financialization of economic activity, and stagnation. While the new international division of labor has boosted third world rates of growth, especially in Asia, it has also left the third world with unbalanced and inequitable economies. Moreover, contradictions in the globalization process point to the spread of core country stagnation to the third world. Capitalist globalization has increased third world dependence on core country consumption while simultaneously undermining core country purchasing power. The article ends by discussing a process and program of transformation that highlights the feasibility of an alternative to global capitalism as well as the organizational capacities and institutional arrangements that must be developed if we are to realize it.
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| 2 |
ID:
192421
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| Summary/Abstract |
This paper exploits China's accession to the WTO to investigate the impact of a supply shock on quality across the Indian production network. After controlling for increased import competition, including in downstream and third-country markets, and for new export opportunities, we find that a fall in input tariffs raises revenue, quality and prices, whilst lowering quality-adjusted prices and the probability of product exit – consistent with a simple model of multi-product manufacturers gaining access to higher-quality components. Upgrading persists for at least ten years; at the peak in 2010, products with a 10% higher pre-accession input tariff, and hence a larger post-accession fall in tariffs, have 5.3% higher quality. This in turn raises quality further down the supply chain, with input-output linkages amplifying the one-step effect by up to 75%. These results highlight a potential beneficial impact of the “China shock” in developing countries, namely supply-driven quality upgrading.
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| 3 |
ID:
172371
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| Summary/Abstract |
This paper analyses labour migration and relocation of apparel production between Thailand and Myanmar during the first half of the 2010s. For a long time, unskilled migrant workers allowed labour-intensive industries such as the apparel sector to flourish in Thailand. However, higher costs have gradually decreased the competitiveness of the Thai garment industry, forcing implementation of industrial upgrading measures and relocation of some labour-intensive production to neighbouring countries. Conversely, Myanmar, a major source of migrant workers for Thailand, has increased its apparel exports since 2010. Using empirical evidence, this study reveals that, first, the Thai apparel industry has significantly upgraded while employing foreign workers and second, production networks between the two countries have solidified over the past decade.
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