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Drawing on Harrod, Kalecki and Kaldor, this paper seeks to revive the view that ceteris paribus firms reduce investment if they have already built up high capacities relative to their assessment of the normal potential of their markets. This reaction introduces a fundamental stabilizing mechanism into the economy. The paper adapts the idea to a growth context and applies it to the neo‐Kaleckian baseline model with its Harrodian instability. It demonstrates that, in principle, a sufficiently strong feedback could stabilize the steady state. [ABSTRACT FROM AUTHOR]

This paper studies the effects of China's one‐child policy on saving and foreign reserve accumulation. Fertility control increases the saving rate both by altering saving decisions at the household level, and by altering the demographic composition of the population at the aggregate level. I show that demographically induced changes in saving explain the build‐up of a large foreign surplus in China. As in Song, Storesletten, and Zilibtti (2011), the model features contractual and financial market imperfections. Government‐owned firms are less productive but have full access to the credit market. Entrepreneurial firms are more productive but face credit constraints. As labour switches from less productive to more productive firms, demand for domestic bank borrowing decreases. As saving increases while demand for loans decreases, domestic savings are invested abroad, generating a foreign surplus. The model predicts that China's foreign reserve accumulation will soon begin to slow down in response to recent relaxation of the one‐child policy. [ABSTRACT FROM AUTHOR]

The key objective of the European Union's environmental policy is to successfully combine environmental protection with sustainable economic growth in the long term. Nowadays, it is increasingly recognized that environmental policies, besides increasing production cost, may at the same time give incentives to firms for undertaking innovative actions and/or developing and exploiting differentiation opportunities. Both differentiation capacity and cost increase are strongly dependent on a multiplicity of internal and external factors, such as energy intensity, type of technology used, characteristics of the competitive environment etc. The present paper presents a multicriterion approach for classifying firms into discrete categories of possible impact, according to their sensitivity to cost increases and their differentiation potential. The resulting environment–competitiveness matrix can be exploited for establishing sustainability strategies and designing effective policies in the industrial sector. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Using a newly compiled and comprehensive database from International Financial Statistics, and applying panel‐regression techniques, this paper documents the evolution of households' and firms' dollarization over the past decade and assesses its macroeconomic determinants. Households' and firms' dollarization have much in common. Structural factors are more relevant than macroeconomic stability. Regarding differences, deposit dollarization, better institutions and lower inflation are relevant for households but not firms, whereas the exchange rate movements seem to play a role only for firms, particularly in higher‐income countries. In terms of loan dollarization, financial deepening is a critical driver for households only. [ABSTRACT FROM AUTHOR]

The formation of new firms is an important determinant of regional economic development and agglomeration is a key factor affecting the formation and scale of operations of new firms. The present paper is among the first to explore the relationship between agglomeration economies (using localization and urbanization economies) and new firms' formation and scale of operations in a developing country. We make use of rich firm‐level data and find that agglomeration has a significant impact on the formation of new firms and their scale of operation in Punjab, Pakistan. Our findings also reveal that localization at all scales (small, medium and large) has a positive correlation with the arrival of new firms, while medium‐scale and large‐scale localization is positively correlated with the scale of operation of new firms. [ABSTRACT FROM AUTHOR]

There is a small but growing literature on the 'reference point' approach to incomplete contracts as formulated by Hart and Moore. The reference point approach has begun to be applied to the theory of the firm in 3 recent papers. This introduction reviews the main theoretical aspects of each of these papers. It then discusses the relationship between the reference point approach to the firm, the transaction cost approach and the property rights approach. Here it is argued that the reference point approach is a step back towards ex post inefficiencies, away from reliance on ex ante inefficiencies. [ABSTRACT FROM AUTHOR]

African countries face an economic transformation gap. Given the large and growing Chinese presence on the African continent, a fundamental question is whether Chinese firms contribute to, or hinder, economic transformation in Africa. This article conducts a scoping review of over one hundred sources, examining the pathways through which Chinese firms can affect economic transformation. On balance, the literature points to a positive role of Chinese firms. Africa–China trade leads to mixed results, while Chinese investment and infrastructure construction are found to contribute positively to transformation. Chinese firms are also found to support capacity building, spillovers and innovation in African countries. [ABSTRACT FROM AUTHOR]

This paper studies the impact of the diversity of domestic and international innovation partnerships on the innovation outcomes of South African firms. A number of competing hypotheses are formulated and tested empirically using a sample of South African firms in manufacturing and services by applying Ordinary Least Squares regression analyses. Results show that having an innovation partnership, particularly an international partnership, is beneficial to innovation outcomes. However, it also emerges that too diverse a set of international partnerships is detrimental to innovation outcomes. The paper concludes with a discussion and a number of proposals for future research. [ABSTRACT FROM AUTHOR]

With firms increasingly relying on ubiquitous computing to implement major business initiatives, it is becoming ever more necessary to understand the technological aspects of business developments. This paper analyzes the use of remote diagnostics systems in the manufacturing industry and discusses the opportunities and challenges for the early adopters. It pays specific attention to the impact on business aspects such as the value creation process consisting of relationships, roles, and architecture and the value proposal consisting of a business offer and customer value. The study shows how ubiquitous computing allows manufacturers to become remote service providers while customers can either become co-creators of value or passive receivers of created value. Ubiquitous computing also creates possibilities for the manufacturing industry to design new kinds of business offers based on remote presence. Studying remote diagnostics systems shows that ubiquitous computing creates value when deployed in products, and not just in relation to individuals. Moreover, the design of the value-creation process should not be limited to the single supplier or customer organization, as ubiquitous computing applications take no notice of organizational boundaries. [ABSTRACT FROM AUTHOR]

This paper describes the introduction of ‘ustainability’ as a novel strategic paradigm to senior executive learning. Specifically, we describe the Sustainable Enterprise Academy, an executive education initiative founded by the Schulich School of Business at York University (Canada) with the active support of a number of academic collaborators, five corporations and several business and civil society organizations. The Academy is dedicated to business transformation through the application of a strategic sustainability paradigm, which assumes the desirability of business simultaneously creating economic, social and environmental value. The paper recounts the Academy's journey between 1999 and 2003, during which time five successful senior executive Business Leader Seminars were held – four in Canada and one in the US. Evaluation data from participants are presented and lessons learned described. The paper also explores future avenues of development for the Academy. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Sustainable development has achieved widespread acceptance throughout the world as an appropriate goal for humankind. Applying the concept at both government and corporate levels has proved difficult due in part to an inherent conflict between the ecological, social and economic dimensions contained within contemporary interpretations of sustainable development. This paper describes a version of sustainability that provides clear and unambiguous direction for decision makers. Replacing the typically Western neoclassical economic perspective contained within most interpretations of sustainable development with a Buddhist perspective of economics leads to an internally consistent version of sustainability referred to as sustainable sufficiency. A study of a decision process within an organization operating within a sustainable development framework is used to provide contrast with decision making within a sustainable sufficiency framework. A conclusion of this paper is that the sustainable sufficiency concept reinforces the view that neoclassical economic principles provide a barrier to achieving the social and ecological objectives contained within contemporary interpretations of sustainable development. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Abstract The paper both compares productivity of Russian firms that have foreign direct investments with productivity of fully domestically owned firms and analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than domestic ones, but productivity of the former is negatively affected by slow progress of reforms in the regions where they operate. It is also found that there are positive spillovers from foreign-owned firms to domestic firms in the same industry, but negative effects on domestic firms that are vertically related to foreign-owned firms. The stock of human capital in regions where foreign firms operate is one of the factors which help domestic firms to benefit from the entry of foreign firms. [ABSTRACT FROM AUTHOR]

This paper examines how knowledge created by firm experience (learning economies) and scale and scope economies affect performance in firms' development activities. The empirical results suggest that each factor has a significant effect on development performance. Moreover, knowledge that results from greater experience within a particular technological area, when combined with knowledge spillovers from greater scope in other technological areas, significantly improves development performance. The results suggest that experience shapes and facilitates firms' abilities to absorb knowledge spillovers. Our empirical findings thus provide a more nuanced examination of the drivers of performance and have implications for the management of firms' development activities. Copyright © 2006 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

There is a growing body of literature that suggests that advanced economies are experiencing an economic restructuring such that the engines of economic development are smaller, more independent, firms acting in an increasingly cooperative manner. In assessing whether the UK economy is actually experiencing such a shift in inter-firm relations, the paper firstly assesses the existing evidence. This evidence suggests the continued dominance of large firms and only limited and uneven movements away from a low-trust system. Secondly, the paper presents evidence on the nature of inter-firm relations in the UK engineering construction industry in the 1980s and 1990s. The research shows considerable improvement in performance against schedule associated with the emergence of management contractors. Management contractors can improve performance either by adopting a high-trust route in which they seek to make overall efficiency gains by integrating design and construction, or by adopting a low-trust route in which they seek to reduce scope for opportunism by rigidifying design, and by passing on risk. Evidence is presented which shows that management contractors in the UK have so far predominantly adopted the low-trust route to improved performance. Cumulatively, the evidence suggests the dominance of the 'top down' control of inter-firm relations in the UK. [ABSTRACT FROM AUTHOR]

Allowing provinces to find their own way forward was central to Vietnam's progress in institutional and economic development. This article examines who drives this process of economic reform and finds that, in those provinces making the most progress, the private sector played an important role, not against, but with government. Both national and foreign enterprises played a role, but small enterprises tended to be marginalised. Some of the best insights come from comparing provinces and observing how different alignments of interest influenced the reform process. [ABSTRACT FROM AUTHOR]

This paper explores whether and to what extent evident trade reform, falling average tariffs and rising exports in recent decades overstate the extent to which protectionism has declined in developing countries, especially low-income developing countries. It identifies remaining significant protection, especially of final manufactured goods; this being associated with the presence of peak tariffs, escalating tariff structures by stage of production and replacement of old forms of non-tariff protection with new instruments of non-tariff protection. It also identifies significant protection arising from high international trade costs induced by inefficiencies in transportation, ports and customs, and from the growth of exports to preference-receiving, export markets. [ABSTRACT FROM AUTHOR]

Copyright of Canadian Journal of Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Since 2001, the exports of foreign-invested enterprises (FIEs) have accounted for more than 50 percent of China's total exports. As foreign capital occupies a high proportion of the total capital of FIEs, most FIEs' capital gains are foreign factor income. Although these gains are calculated as a part of China's GDP, they do not belong to China's national income. To determine the real contribution of exports to China's welfare, the present paper analyses the impact of exports on China's national income using a non-competitive input-output model capturing processing trade. The results show that every US$1000 of China's exports generates US$506.8 of national income. The real contribution of exports to China's welfare is much smaller than what we expected. This suggests that China should endeavor to improve the gains from international markets or find another engine to maintain its economic growth. [ABSTRACT FROM AUTHOR]

Does foreign direct investment (FDI) into developing countries affect the growth of local firms in host countries? Using a dataset of 38 sectors in China's electrical and electronics industry, in this paper, we analyze whether FDI has a positive effect on local firms, with technology spillovers, added value and increasing total factor productivity, or a negative, market stealing, effect. Estimating the relationship between growth of local firms and investment of foreign firms, our results show that FDI is likely to have a negative impact on the growth of local firms in sectors with large disparities in technology and less experience in business. Therefore, local firms lacking in technology need to find markets with no competition from foreign firms or determine strategies to compensate technology disparities. [ABSTRACT FROM AUTHOR]

Public infrastructure is one of the important determinants of economic growth. Not only access to but also quality of infrastructure affects firm productivity as well as people's livelihood. Frequent interruptions of the infrastructure-service supply impose extra backup costs on enterprises, hinder their timely business activities, and result in large losses of sales opportunities. This paper focuses on the impacts of improving the quality of public utilities (electricity, water supply, and telecommunications), using firm-level data from 26 transition economies in Eastern Europe and Central Asia. The results suggest that firm costs would significantly increase when electricity outages occur frequently and the outage duration becomes longer. Similarly, when more time is required to restore suspended water supply, firms' competitiveness would be weakened. Not surprisingly, the impacts tend to vary depending on industry. The construction, manufacturing, and hotel and restaurant sectors are found particularly vulnerable. [ABSTRACT FROM AUTHOR]

The main objective of this paper is to extend the literature on the granting of trade credit. The focus is to test whether the accounts receivable decisions follow a model of partial adjustment. To do that, we use a sample of 2,922 Spanish SMEs. Using a dynamic panel data model and employing the GMM method of estimation we control for unobservable heterogeneity and for potential endogeneity problems. The results reveal that firms have a target level of accounts receivable and take decisions in order to achieve that level. In addition, we find that sales growth (if positive), the size of the firms, their capacity to generate internal funds and get short term financing, and economic growth are important in determining trade credit granted by firms. [ABSTRACT FROM AUTHOR]

This paper introduces and partially develops a new model of endogenous technological change, viewed as the product of a class of problem-solving producers. The model, based on earlier work by Eaton and Kortum, is built up from the premise that all knowledge resides in the head of some individual person and the knowledge of a firm, or economy, or any group of people is simply the knowledge of the individuals that comprise it. The model is applied to an economy with a cohort structure. A calibration of the model using cross-section earnings data, in addition to aggregate GDP growth, is considered. [ABSTRACT FROM AUTHOR]

The aim of this paper is to estimate the productivity change of Nigerian insurance companies and to rank the companies analysed in the sample according to their productivity score. This benchmark exercise provides the companies analysed with a view of how their relative productivity can be upgraded. For this purpose, the non-parametric Luenberger productivity model is used. For comparative purposes, the non-parametric Luenberger–Hicks–Moorsteen productivity indicator is also used. The companies are ranked according to their total productivity for the period 1994–2005, using both models, which produce variations in the respective results. Economic implications arising from the study are derived. [ABSTRACT FROM AUTHOR]

Copyright of Canadian Journal of Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Various reasons have been put forward to explain the massive accumulation of non-performing loans in China. This paper applies the financial-restraint model as the analytical framework and argues that failure to create sufficient economic rents is the chief reason underlying the current dismal performance of banks. While the formal financial system is less important than the informal system—especially for financing the private enterprises that are playing a crucial role in economic growth—not addressing the non-performing loan crisis in the formal financial system will likely invite an economic slow-down. [ABSTRACT FROM AUTHOR]

While in a steady state framework the choice between the wacc approach ( Modigliani-Miller, 1963 ) and the adjusted present value (APV) approach ( Myers, 1974 ) is irrelevant since the two approaches provide the same result, however, in a growing firm context the wacc equation seems to be inconsistent with the APV result. In this paper we propose a simple model to evaluate the tax savings in a growing firm in order to show under which assumptions the two approaches lead to the same results. We demonstrate that the use of the wacc model in a steady-growth scenario gives rise to some unusual assumptions with regard to the discount rates to be used in calculating tax shields. We show that the widely used wacc formula, if used, as it is in most cases, in a growth context, implies that a) debt tax shield related to already existing debt are discounted using kd; b) debt tax shield related to new debt, due to company's growth, are discounted, according to a mixed procedure, using both ku and kd. We discuss the inconsistency of such a discounting procedure and the preferred features of the APV approach. [ABSTRACT FROM AUTHOR]

This paper is the result of the analysis of 200 interviews with Zambian enterprise owners during the summer of 2006. It examines the reasons for the lack of growth of micro and small firms and the resulting ‘missing middle’ in Zambia. The study finds that most enterprise owners are risk takers, have bounded rationality in terms of their understanding of market structure, conduct and performance and rely on inappropriate channels for their information. A second group of enterprise owners who are less risk preferring, and do not have aspirations in terms of firm growth is also identified. Most enterprises in these two groups do not operate on a growth trajectory. Finally there is a very small group of enterprise owners who are truly entrepreneurial. Policy recommendations address issues concerning the need for differentiated targeting to support firm sustainability and growth. Copyright © 2007 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper presents a system of sustainable development indicators for the transmission system of a Canadian electric utility. The indicators were developed based on extensive consultations with internal experts at the case utility and external experts in the field of sustainable development indicators. A total of 98 indicators were incorporated into the system, with 70 being developed as a part of this process and 28 representing indicators previously developed by the company. Recognizing the difficulty of working with nearly 100 unstructured measures, four techniques were used to increase the utility of the indicators: (1) the indicators were clustered around eight key priority areas, (2) the indicators were organized according to a hierarchical approach linked to the business planning process, (3) the process of integrating the indicators with existing corporate initiatives was staggered over time and (4) a tiered aggregate was developed. The process of developing the indicators is discussed, with key lessons learned emphasized throughout the paper. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

The aviation sector has mixed impacts on economic development and environmental degradation. Market instruments and regulations are not always sufficient to balance these conflicting demands. Stakeholder engagement has been recognized as a possible non-market and non-regulatory mechanism that could complement both market instruments and regulations. This paper provides a stakeholder engagement framework to support airport companies in formulating and implementing strategies for sustainable airport development and suggests a practice guide to operationalize the framework. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

This paper seeks to establish a practical definition of the term sustainable development, and relate it to a company's performance. Simulation and modelling tools are applied to gain a holistic view of the activities associated with a metal casting company, which includes production, transportation and recycling. In the simulation model, four case scenarios are investigated, including the comparison of original and re-designed cast products of 20% runner weight reduction, and the recycling of scrap metal at two different remelters. The focus of the case study is to monitor the amount of scrap, dross, carbon dioxide emissions from both energy consumption and transportation, productivity and costs during the metal material cycle. From the case study, various ‘sustainability indicators’ are highlighted. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Conventional approaches to development in areas that are experiencing economic decline invariably focus on business growth through interventions such as incentives, infrastructure development and job readiness training. This paper reports on a pilot project aimed at developing an alternative approach to community and economic development in the context of the Latrobe Valley, Victoria, a resource region that has experienced downsizing and privatisation of its major employer, the state-owned power industry. The project was shaped by a poststructuralist concern with the effects of representation. It sought to challenge familiar understandings of disadvantaged areas, the economy, community and the research process in order to open up new ways of addressing social and economic issues. The resulting four-stage research project was informed by the techniques of asset-based community development and action research, as well as by discourses of the diverse economy and communities of difference. During the two-year span of the project, four community enterprises were developed. The varying degrees of success they have met with in the four years since the project concluded highlight the critical role of local agencies such as the council in providing ongoing support for such endeavours. [ABSTRACT FROM AUTHOR]

ABSTRACT This paper studies the link between knowledge, innovation, and growth in European regions using nonparametric methods. Our findings suggest that knowledge inputs and the share of innovative firms have a heterogeneous and nonlinear relationship with growth. This evidence has been exploited to examine the consequences of alternative policies using a counterfactual estimation setup, the results of which imply that increasing the formal knowledge base may be optimal in most regions. Less knowledge and innovation intensive regions will also benefit from a higher innovation potential and from a trustworthy and entrepreneurial economic environment. [ABSTRACT FROM AUTHOR]

This paper critically evaluates the relationship between state capitalism and "strategic coupling" within global production networks (GPN). It underscores specifically the lack of cases on "coupling" involving state‐owned enterprises (SOEs) from developing countries and city‐regions within developed countries. Most existing studies focus on the connection between regions in developing economies with lead firms originating from developed economies. This leaves open a conceptual and empirical gap as SOEs from developing countries (like those of China and India) are (1) increasingly becoming lead firms in their own right and (2) investing in developed economies. Against this backdrop, this paper highlights conceptually significant points from the acquisition of Nexen, a Canada‐based oil and gas TNC, by CNOOC, a large Chinese SOE, and argues for a fresh research agenda that examines the strategic coupling of lead firms that are also SOEs from developing economies. [ABSTRACT FROM AUTHOR]

The question of what constitutes the discipline of business history has been the focus of ongoing debate for several decades. The output of business history researchers is diverse ranging from company histories to the application of theoretical frameworks used to interpret the many facets of business development. This article, in introducing this special edition of the Australian Economic History Review, provides an overview of the development of the business history discipline and the contribution it has made to understanding the operation of business enterprises and the markets in which they operate. [ABSTRACT FROM AUTHOR]

Many economists have long held that market failures create a gap between social and private returns to research and development (R&D), thereby limiting private incentives to invest in R&D. However, this common belief that firms significantly underinvest in R&D is increasingly being challenged, leading the rationale behind public support for private R&D to be questioned. In this paper, we attempt to clarify the perspectives of two sources: the theoretical literature on endogenous growth, and its recent developments in integrating a geographical dimension, and the empirical literature that measures the social returns to R&D in relation to the private returns. Ultimately, we are able to clearly distinguish among different types of market failures and compare their relative impact on the gap between the private and social returns to R&D. Two main conclusions are reached. First, systematic firm underinvestment in R&D is not demonstrated. Second, even though instances of underinvestment do occur, they are mainly explained by surplus appropriability problems rather than by knowledge externalities. This suggests the need for a new policy mix that employs more demand-oriented instruments and is more concentrated on identifying efficient allocations among activities rather than merely increasing global private R&D investment. [ABSTRACT FROM AUTHOR]

The Brazilian National Development Bank ( BNDES) saw dramatic increases in its financial resources for lending after 2005. This article explains how the bank has been 'internationalized' alongside this growth in total resources, beginning with export finance and expanding to supporting foreign direct investments and other international economic activities. At the same time, legal and structural factors restrict BNDES' international activities in ways that are often poorly understood, but that keep many of the bank's resources inside Brazil or tightly linked to Brazilian firms. After a general explanation of these factors, this paper examines empirical claims about BNDES' lending to its South American neighbors, concluding that it is considerably more limited than both the bank's critics and champions contend. [ABSTRACT FROM AUTHOR]

ABSTRACT In this paper we analyze whether cross-sector partnerships enable companies to respond to the specific conditions at the base of the pyramid (BOP). We develop three hypotheses in which we argue how cross-sector partnerships support companies to face unfamiliar conditions in these markets. We test the developed hypotheses against the data of 103 companies operating in BOP-markets. The results show that companies rely on organizations from the civil society sector in order to meet customer needs. Partners from the business sector are supportive when responding to restrictive market conditions. Institutional partnerships should be considered when companies aim at responding to the regulatory environment. We outline theoretical and managerial implications and reflect some limitations of the study. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

This paper examines how ownership type and institutional environment affect firm taxation. Using a sample of Chinese-listed firms from 1999 to 2006, we find that private firms enjoy a lower effective tax rate than local state-owned enterprises. In addition, the preferential taxation of private firms is associated with local government incentives to promote local economic growth. We find that private firms located in regions with a lower level of privatization receive preferential tax treatment. Our results also suggest that decentralization and interjurisdictional competition lead to financial interdependence between local governments and private firms. [ABSTRACT FROM AUTHOR]

In recent years, there has been a growing concern in economic geography with the organisational practices of project-based working, involving a multiplicity of organisational and personal social networks. Paralleling this debate has been a growing academic interest in the cultural economy and the conditions of creative work, itself characterized by project-based working. Cultural and creative workers are argued to symbolise contemporary transformations of work more than any other group of workers. However, despite this being a wide trans-disciplinary area of enquiry, little economic geography literature has engaged explicitly with perspectives being developed in other disciplines, in particular sociology and cultural and media studies, on the experience and conditions of work in project-based industries. In this paper I argue for the incorporation of sociological perspectives into our analyses of projects, in order to address the lack of attention to the sociological, political and cultural issues of work. Such an approach, I suggest, can contribute to the economic geography of projects in three ways; first it moves beyond structural analyses to allow for an understanding of the importance of agency in project work; second it allows us to move on from firm-level analyses to develop an understanding of the complex social networks involved in project-based working; and finally it moves on from research at the meso-level on inter- and intra-firm networks to provide micro-level analyses of project work. [ABSTRACT FROM AUTHOR]

By comparison with most African countries, post-apartheid South Africa appears to be characterised by growth-oriented cooperation between state and business. Economic growth has remained weak, however, and income poverty persists as the economy continues down an inegalitarian growth path that fails to reduce unemployment and thus has little effect on poverty. This paper argues that the appearance of close state-business relations is misleading: selectively pro-market public policies have not reflected a pro-business orientation on the part of the state. The governing African National Congress concurred with established business on the need for increased productivity and selective state interventions in a mixed economy. But most of the political elite overestimated the commandist powers of the state in the short-term, viewed established South African business with deep suspicion if not hostility, and was unwilling to deliberate or negotiate on distributional issues in either formal bilateral or corporatist institutions, or even informally. The state sought to discipline and transform business, not work with it. Unable to sustain an active growth coalition, a pro-poor, developmental coalition was far out of reach. The politics of the governing party precluded substantive concessions on labour market regulation and pushed it towards ever more interventionist 'black economic empowerment' policies. The result was that economic growth remained modest, and of little benefit to the poor. Copyright © 2011 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Globalisation brought about worldwide changes, including economic and financial integration between countries. The objective of this paper is to establish if there is synchronisation between developed and developing countries with the world cycle. Research results show that business cycles have become less volatile after globalisation, but there is not much consensus on whether business cycles have become less or more synchronised since globalisation. Little research has been done on co-movement between emerging markets, such as South Africa, and the world business cycle. This paper derives common factors for developed and developing countries by applying principal component analysis (PCA) to output, consumption and investment data, which represents the countries' business cycles. The empirical analysis shows co-movement between some countries and the world business cycle (G7 countries as proxy). The results suggest that there are idiosyncratic and globally common shocks, which play different roles over time in different countries. The paper goes on to suggest that there are clear differences in how developed and emerging markets co-move with the world business cycle. A key finding is that the co-movement between developing economies and the world business cycle has increased since globalisation. This research also confirms previous research that most economies follow the world business cycle when large shocks – such as the recent economic downturn – occur. This has implications for forecasting the business cycle, especially in times of economic turmoil. [ABSTRACT FROM AUTHOR]

This paper explores the tensions exhibited within the use of sustainability in relation to organizational activities such as strategic management and measurement of performance. Three different sustainability approaches are identified. It is argued that these approaches are based on different standpoints, which may result in misunderstandings and ambiguity. For this reason it is suggested to differentiate between business for sustainability, sustainable organization and sustainable business. Recognition of different organizational standpoints and approaches to sustainability is one step towards more comprehensive studies on sustainability in relation to organizational issues. Copyright © 2010 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Over the years, multinationals have attracted both friends and enemies. Foes have argued that they exert adverse influences on the well-being of poor countries in general, and their poorer citizens in particular. Friends have argued that in their wake, multinational corporations bestow on host economies a variety of benefits primarily, but not exclusively, via spillover effects of various sorts. This paper provides a detailed reappraisal of the issues involved and argues that if their adverse effects can be removed by appropriate domestic policies, multinationals can have a potentially major role to play in the alleviation of poverty. [ABSTRACT FROM AUTHOR]

Ireland's economy has undergone enormous change over the past decade, with rapid development accompanied by increasing pressures upon the natural environment. One element of this process has been the development of an ‘enterprise culture’ within Ireland. In this paper, we argue that Ireland is uniquely advantaged to build upon this enterprise culture, and to develop a ‘sustainable enterprise culture’ that is more consistent with the principles of sustainable development. Indeed, we see this as a unique opportunity to further the development of Ireland in an economically, ecologically and socially sustainable manner. Copyright © 2005 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Copyright of African Development Review / Revue Africaine de Développement is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The research analyses small and medium enterprises (SMEs), i.e. township and village enterprises (TVEs), operating in rural China over the last decade. It focuses on factors that affect the growth of TVEs run by Township and Village (TV), defined as collective, at provincial level. The paper examines SME theory and the role of human capital in the SMEs development. Following this, it analyses the development of Chinese TVEs and their role in the socio-economic development of rural areas and of the national economy. A panel analysis is then performed, using provincial panel data of collective TVEs over the period 1986–93, in order to capture the major determinants of provincial growth. The results of the panel estimations highlight some important features of TVEs run by TV sector, and provide empirical evidence in support to the positive role of clustering (measured through a new index) and human capital in the provincial growth of this sector. Copyright © 1999 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Abstract: The Republic of South Africa faces the imperative of escaping economic stagnation. This article seeks to synthesise results from a series of research efforts, including but not limited to the articles presented in this special issue, and consider policy options for escaping economic stagnation. The focus is on South Africa and South African policies yielding relatively quick dividends in terms of growth and taking the rest of the world as given. Four broad implications are presented. These could form part of a concerted effort to escape from South Africa's long running economic malaise. [ABSTRACT FROM AUTHOR]

This paper presents an analysis of the Esperance Local Enterprise Initiatives Committee, which is at the heart of an archetypal emerging pattern of local economic development distinct both from top-down statist models and from market alternatives. The model is composed of a mixture of state resources (notably finance, information and legitimacy), elements associated with entrepreneurialism, grass-roots orientation, bottom-up implementation, the pursuit of profit, and a network system which interlocks the ELEIC with different government departments and agencies. [ABSTRACT FROM AUTHOR]

This paper explores the political implications of the use of public enterprises at the municipal level, using survey data from Illinois cities. The dependent variables include the number of enterprises cities have, the dependence of cities on income from enterprises, and the choice of which enterprises to provide. The paper explores why some cities have enterprises to handle parking, garbage, and economic development. Conclusions are that cities experiencing fiscal stress avoid enterprises, and more-reformed cities use enterprises more frequently. Particular enterprises have their own political and financial characteristics and are more likely to be used by cities with matching political characteristics. The paper concludes with suggestions for future research. [ABSTRACT FROM AUTHOR]

The concept of the informal sector first introduced in the early 1970s in studies of Africa, has recently gained currency as a tool for understanding the changes under way in the advanced industrial societies. Originally, the concept was used to describe the variety of third world business enterprises characterized by their small scale, ease of entry, labor intensiveness and the evasion of government regulation. The first waves of studies identified the informal sector as a leftover from precapitalist modes of production, subsequent work portrayed the informal sector as an increasingly integral aspect of industrializing third world economies. But the most recent evidence suggests that the informal sector is a first world phenomenon as well. Increasingly, social scientists draw attention to the growing proportion of persons working on their own account, the shift toward smaller firm size, the expanding scope of economic activities whose existence is concealed from the state, the revival of homework and the burgeoning of sweatshops. They conclude from this disparate set of phenomena that the informal sector is alive, well and growing in the postindustrial West. The paper takes a skeptical look at this new version of the informal sector idea by examining a case that is critical for the informal sector claims, the sweatshop phenomenon in New York's garment industry.