Intensifying Globalisation to Make it Socially Acceptable

On the dependence of capitalism on rising incomes cf. Elsenhans, Hartmut: Rising Mass Incomes as a Condition of Capitalist Growth: Implication for the World Economy, in: International Organization. 37.1 (Winter 1983): pp. 1–38. Elsenhans. Hartmut: Foundation of Development of the Capitalist World Economy, in: (Dhaka: Center for Social Studies, 1992): pp. 21–79

UNCTAD. World Investment Report 1994. Transnational corporations. Employment and the Workplace. An Executive Summary (New York: United Nations, 1994)., pp. 119–121. Irwin' Douglas A.: The United States in a New Global Economy? A Century's Perspective, in: Anterican Economic Review, 86, 2 (March 1996): p. 44. Bairoch, Paul: Globalization Myths and Realities: One Century of External Trade and Foreign Investment, in: (London: Routledge, 1996)-, pp. 173–192. Bovenberg, A. Lans; Gordon Roger H.: Why Is Capital so Immobile Internationally? Possible Explanations and Implications for Capital Income Taxation, in: American Economic Review, 86, 5 (December 1996); pp. 1057–1076. Ghosh, Atish R.: International Capital Mobility Amongst the Major Industrialized Countries: Too Little Or Too Much, in: Economic Journal, 105. 428 (January. 1995): p. 126. Verdier, Daniel: Domestic Responses to Capital Market Internationalization under the Gold Standard- in: International Organization, 52, 1 (Winter 1998); pp. 1–34. Feldstein, Martin: Tax Policy and International Capital Flows, in: Weltwirtschafliches Archiv, 130, 4 (1994): pp. 676–697. Epsteim Gerald: International Capital Mobility and the Scope for National Economic Management, in: Boyer. Robert, Drache, Daniel (eds.): States Against Markets. The Limits of Globalization. (London: Routledge, 1996); pp. 211–224. Feldstein Martin. Horioka, Charles: Domestic Saving and International Capital Flows, in. Economic Journal, 90. 358 (June 1980); pp. 314–329. Bergelijk, Peter A. G. van; Mensink, Nico W.: Measuring Globalization, in: Journal of World Trade, 31, 3 (June 1997); p. 166. Theurl, Theresia: Globalisierung der Selektionsproze ordnungspolitischer Paradigmen, in: Berg, Hartinut (ed.): Globalisierung der Wirischaft: Ursachen-Fonuen-Kohsequenzen. (Berlin: Duncker & Humblot, 1999); p. 26

Hartmut Elsenhans. : Globalization or Dutch Disease: Its Political and Social Consequences. in: Singer. Hans Wolfgang; Hatti, Neelambar Tandon, Rameshwar (eds.): Technology, Diffusion in the Third World (New Delhi) B. R. Publishing Corporation 1999); pp. 438. Elsenhans, Hartmut: Europaisehe Einigung unter dem Druck der Globalisierung, in: Berichte Forschungsinstitut der IWVWW. 8.66 (January 1998), pp. 16–22

Costello Donna M. : A Cross-Country. Cross-Industry Comparison of Productivity Growth, in: Journal of Political Economy, 101, 2 (Feb 1993); pp. 207–222. Wolff, Edward N.: Capital Formation and Produtivity Convergence Over the Long Term in: American Economic Review, 81, 3 (June 1991): pp. 565–578. Alam, M. Shahid: Convergence in Developed Countries: An Empirical Investigation. in: Weltwirtschaftliches Archiv, 128, 2 (1992): pp. 189–201, Broadberry, Stephen N.: Comparative Productivity in British and American Manufacturing During the Nineteenth Century, in: Explorations in Economic History, 31, 4 (October 1994); pp. 521–548. Williamson, Jeffrey G.: Globalization, Convergence and History, in: Journal of Economic History. 56 2 (June 1996)-, pp. 277–306

Georgescu-Roegen Nicholas : Economic Theory and Agrarian Economics, in: Oxford Economic papers. 12.1 (February, 1960); pp. 35ff. Dandekar, V.M.: Economic Theory and Agrarian Reform in: Oxford Economic Paper 14, 1 (February 1962); pp. 71ff. Sen, Amartya Kumar: Peasants and Dualisin with or without Surplus Labour, in: Journal of Political Economy 74,5 (October 1966). p. 432

Chao Kang : Man and Land in Chinese History (Stanford, Cal.: Stanford University, Press, 1986); pp. 6ff

Cf on this model Elserhans Hartmut : Rent, State and the Market: The Political Economy of the Transition to Self-sustained Capitalism, in: Pakistan Development Review, 33, 4 (December 1994); pp. 393–428. Elsenhans; Hartmut: Uberwindung von Marginalitat als Gegenstand der Armutsbek ampfung, in: Schafer, Hans Bernd (ed.): Bevolkeungsdynamik and Grundbedurfnisse in Entwicklungslandern. (Berlin: Duncker & Humblot, 1995); pp. 193–221. Elsenhans, Hartmut: Die Rente bund der Ubergang zum Kapitalismus. Grundfragen der politischen Okonomie von Unterentwicklung. in : Journal fur Entwicklungspolitik, 8, 2 (1992): pp. 111–115. Elsenhans, Hartmut: Die Rolle internationaler Entiwicklungszusammenarbeit unter veranderten wirtschaftlichen and gesellschaftsstrukturellen Rahmenbedingungen, in: Barsch, Dietrich; Karrasch, Heinz (eds.): Die Dritte Welt im Rahmen weitpolitscher und weltwirtschaftlicher Neuordnung, (Stuttgart: Franz Steiner, 1995): pp. 141–142

For a similar approach cf. Bai Moo-Ki : The Turning Point in the Korean Economy, in: Developing Economies, 20, 1 (March 1982), pp. 117–140. Minami, Ryoshin: A Model of Economic Development from Classical to Neoclassical Stages, in Weltwirtschaftliches Archiv, 97,2 (1966); pp. 345–355. Minami, Ryoshin-Economic Development of Japan: Factors, Consequences, Implications, in: Journal of Economic Development. 17, (December 1992); pp. 7–35. Manning, Chris: Approaching the Turning Point? Labor Market Change under Indonesia's New Order, in: Developing Economics, 33, 1 (March 1995): pp. 52–8 1. Kaiwar, Vasant: The Colonial State, Capital and the Peasantry in Bombay Presidency, in: Modern Asian Studies, 28. 4 (1994): pp. 793–832

Michal Kalceki. : Selected Essays on the Dynamics of the Capitalist Economy 1933–1970 (Cambridge: Cambridge University Press, 1971)-. pp. 71 ff. Robinson, Joan Violet: Collected Economic Papers (Oxford: Basil Blackwell, 195 1); p. 58. Kregel, Jan A.: Rate of Profit, Distribution and Growth. Two Views (London: Macmillan, 1971); p. 145

Yotopoulos Pan A. Jenu-Yih Lim Purchasing Power Parities for Taiwan: The Basic Data for 1985 International Comparisons. in: Journal of Economic Development, 18, 1 (June 1993); p. 11. Guillaumont-Jeannency. Sylviane; Hua, Ping: Politique du change et development des exportations manufacturers en Chine, in: Revue European economique, 47. 3 (May 1996); pp. 851–860. Lafay, Gerard: Les origines internationals du chomage European, in: Revue deconomic politique (November/December 1996); pp. 948, 963. Narrassiguin, Philippe: Croissance tiree par les exportations et politique de change: Le cas de I'ile Maurice, in: Revue d'economic politique (March 1995): p. 325. Pilat Dirk: Comparative Productivity of Korean Manufacturing. 1967–1987. in: Journal of Development Economies, 46, 1 (February 1995); p. 140. Chen. Haicliun; Gordon. M.J.: Yan Zhiming: The Real Income and Consumption of an Urban Chinese Family in: Journal of Development Studies, 31, 1 (October 1994); pp. 201–213. Tzannatos. P. Zaliris: International Competitiveness in East Asian Manufacturing: Unit Labor Cost Analysis for Selected Countries (Washington: World Bank. 1997): p. 2. Mundorf. Hans: Amtliche Weehsclkurse dienen oft der Verfalschung der Wirklichkeit. in: Handelsblatt (28/29 August 1998): p. 2. Weliwita. Ananda: Cointegration Tests and the Long Run Purchasing Power Parity: Examination of Six Currencies in Asia, in: Journal of economic Development, 23. 1 (June 1998). pp. 103–113

Cline William : Can the East Asian Model of Development be Generalized?, in: World Development, 10, 2 (February 1982); pp. 81–90. Peet, Richard: Industrial Devolution, Underconsumption and Third World Debt Crisis, in: World Development, 15, 6 (June 1987); pp. 777–788. Ross, Robert, Trachte, Kent: Global Cities an Global Classes. The Peripheralization of Labour in New York City, in: Review, 6, 3 (Winter 1983). pp. 393–431. Elsenhans, Hartmut: Social Consequences of the NIEO, Structural Change in the Periphery as Precondition for Continual Reforms in the Centre, in: Jahn, Egbert; Sakamoto, Yoshikazu (eds.): Elements of World Instability: Armaments, Communication Food, International Division of Labour. (Frankfort on the Main; New York: Campus, 1981): pp. 86–95. Elsenhans. Hartmut: Absorbing Global Surplus Labor, in: Annals of the American. Academy of Political and Social Science, 492 (July 1987); pp, 124–135

This has been described by many authors, of Strange Susan : The Retreat of the State. The Diffusion of Power in the World Economy (Cambridge: Cambridge University Press, 1996): pp. 196ff. Cerny. Philip G.: Globalization and the Erosion of Democracy, in: European Journal of Political Research, 36. (August 1999). pp. 1–26. Elsenhans, Hartmut: The Logic of Profit and the Logic of Rent, in: Voice of Peace and Integration. 11 (October 1992): pp. 37ff Elsenhans, Hartmut: State, Economy, Power and the Future of the International System, in: Strategic Digest, 24, 4 (April 1994); pp. 560–562

Nunnenkainp Peter Gundlach Erich Agarwal Jamuna P. : Globalisation of Production and Markets (Tubingen: Mohr. 1994): pp. 147–149. Keller, Dietmar: Should Europe Provide Selective Assistance for Key. Industries, in: Intereconomics, 27, 3 (May/June 1992); pp. 110–1 17. Irwin, Douglas A.: Klenow, Peter J.: High Tech R&D Subsidies. Estimating the Effects of SEMATECH, in: Journal of International Economics, 40. ¾ (May 1996); pp. 323–344. Lal Deepak: Trade Blocs and Multilateral Free Trade, in: Journal of Common Market Studies, 31, 3 (September 1993); pp. 349–357. Krugman, Paul R.: The Narrow and Broad Arguments for Free Trade, in: American Economic Review, 83, 2 (May 1993); p. 365

Leff National H. : Optimal Investment Choice for Developing Countries. Rational Theory, and Rational Decision-Making, in: Journal of Development Economics, 18, 4 (August 1985), p. 347. Paque. Karl Heinz: Decision-Making, in: Journal of Development Economics, 18, 4 (August 1985): p. 347, Paque, Karl Heinz: Technologie, Wissen and Wirtschaftspolitik – Zur Rolle des Staates in Theorien des endogenen Wachstums, in: Die Weltwirtschaft, 3 (1995); p. 25 1. Elsenhans, Hartiuut: Underdevelopment, Nationalism, and the Free Market Economy, in: Journal official Studies, 58 (October 1992); pp. 115–117

On these patterns of communication cf. Elsenhans Hartmut : Dependencia, Underdevelopment and the third World State, in: Law and State, 36 (1987); pp. 81–85

Cf. Umfang und Bestimmungs ein und ausfiebender Direktinvestitionen in: IFO-Schnelldienst. 49.22 (7 August 1996): p. 5

Clark Colin : The Fundamental Problems of Economic Growth, in: Weltwirschaftliches Archiv, 94. 1 (1965). p. 7. Bicanic, Rudolf. The Threshold of Economic Growth, in: Kyklos, 153 1 (1962): pp. 7–28. Helmstadter. Ernst: Der Kapitalkoeffizient. Eine kapitaltheoretische Untersuchung (Stuttgart: Gustav Fischer, (1969); pp. 48–60. Kuznets, Simon: Economic Growth of nations. Total Output and Production Structure (Cambrídge. Msss.: The Belknap Press of Harvard University Press, 1971); p. 67. Mayor, Thomas: The Decline of the United States Capital-Output Ratio, in: Economic Development and Cultural Change, 16, 4 (July 1968); p. 498. Kendrik John W.: Productivity Trend in the United States. A study by the National Bureau of Economic Research (Princeton. N. J.: Princeton University Press, 1961); p. 166. Kendrick, John W.: Sato, Ryuzo: Factor Prices. Productivity and Growth, in: American Economic Review. 53, 5 (December 1963); p. 974. Fellner. William: Appraisal of the Labour-Saving and Capital Saying Character of Innovations, in: Lutz, F. A.; Hague, D. C. (adds.): The Theory of Capital (London-New York: 961); pp. 58–74. Domar, Evsey D.: The Capital-Output Ratio in the United States: Its Variation and Stability, in: Lutz, F.A.; Hague, D.C. (eds.): The Theory of Capital (New York; London: 1961); pp. 101–114. Sato, Kazuo: International Variations in the Increment Capital Output Ratios, in: Economic Development and Cultural Change, 19, 4 (July 197 1); pp. 621–640. Phelps. D.M.: Weber. B.: Brown. E.H.: Accumulation Productivity and Distribution in the British Economy 1870–1938, in: Economic Journal, 63, 250 (June 1953). p. 270. Lorenzi, Jean-Herve; Pastre, Olivier; Toledano, Joelle: La crise du XXe siecle (Paris: Economica, 1980); p. 159. Abramovitz, Moses: Thinking About Growth and Other Essays it, Economic Growth and Welfare (Cambridge: Cambridge University Press. 1989); p. 163

Elsenhans Hartimut : The Rise and Fall of Really Existing Socialism, in: Journal of Social. Studies. 87 (January/March 2000). pp. 1–16

On die so-called priority of Sector I in socialist accumulation, cf. Evgenij Preobrazenskij. : Die neue Okonomik. Obersetzung der zweiten erweiterten Ausgabe (Berlin: Verlag Neuer Kurs, 1971): pp. 109ff. Cf. also Mahalanobis. P.C.: Some Observations on the Process of Growth of National Income. in: Sankhya. 12, 4 (1953): pp. 307–312 and Chandra, N. K.: The Law of Priority Development of Producers Goods, in: Artha Vijnana, 10 314 (September/December 1968): pp. 522–542. There was an interesting discussion on this law in East Germany, cf. Bard. Wilhelm: Luck, Herbert: Zu den Beziehungen zwischen den Investitionen und dem Wachstum des gesellschaftlichen Gesamtprodukts sowie des Nationaleinkommens, in: Wirtchaftswissenschaft, 9,6 (June 1961): p. 1500. Reichenberg. Rudolf: Zur Diskussion uber das Gesetz der vorrangigen Entwicklung der Produktionsmittelproduktion im Sozialismus. in: Wirtchaftswissenschaft, 15, 11 (November 1967): p. 1786. Barthel. Wilfried: Karbstein. Werner: Zur Diskussion uber einige neue Aspekte in der Bcurteilung der Wachstumsrciationen zwischen gesellschaftlichem Gesamtprodukt und Nationaleinkommen sowic zwischen Abteilungen I und II. in: Wirtchaftswissenschaft, 15, 2 (February 1967); p. 221. Elsenhans, Hartmut: The Rise and Fall of Really Existing Socialism, in: Journal of Social Studies, 87 (January/March 2000); pp. 1–16

Bergson Abram : Communist Efficiency Revisited, in: American Economic Review, 82. 2 (May 1992): pp. 26–30. Bergson, Abram: Development under Two Systems: Comparative Productivity Growth Since 1950. in: World Politics, 23, 4 (July 1971); pp. 519–617. Polanyi. Michael: Towards a Theory of Conspicuous Production, in: Soviet Survey, 34 (October/December 1960); pp. 90–99. Easterly, William; Fischer, Stanley: The Soviet Economic Decline, in: World Bank Economic Review, 9, 3 (September 1995): pp. 341–371. Myant, Martin: The Czechoslovak Economy 1948–1988. The Battle for Economic Reform Soviet and Eastern European Studies (Cambridge: Cambridge University Press, 1989); pp. 223ff. Obst, Werner: Reiz der Idee - Pleite der Praxis. Ein deutsch-deutscher Wirtchaftswissenschaft, (Zurich Interform, 1983); p. 63. Feiwel, George R.: Poland's Industrialization Policy: A Current Analsis. Sources of Economic Growth and Retrocession (New York: Praeger, 1971); p. 470 Ark, Bart van: The Manufacturing Sector in East Germany. A Reassessment of Comparative Productivity Performance 1950–1988, in: Jahrbuch fur Wirtchaftsgeschichte, 36, 2 (1995); p, 89

It would be interesting to investigate why the turn to globalisation has not coincided with a shift in the rate of demand growth in the industrialised countries

On the role of the rentier state in South Korea and Taiwan ef Rhee, Chan Jong : The State and the Industry in South Korea. The Limits of the Authoritarian State (London: Routledge, 1994); pp. 232–238. Morkre Morris E.: Rent Seeking and Hong Kong's Textile Quota System: Reply, in: Developing Economies, 19. 3 (September 1981); pp. 276–277. Irwan, Alexander: Business Patronage. Class Struggle and the Manufacturing Sector in South Korea, Indonesia and Thailand, in: Journal of Contemporary Asia, 19, 4 (1989); p. 398–434. Guha Ashok S.: The Political Economy of Liberalization in: Guha, Ashok S. (ed.): Economic Liberalization, Industrial Structure and Growth in India (New Delhi et al.: Oxford University Press, 1990); pp. 38–50. Moon, Chung-In: Changing Patterns of Business - Government Relations in South Korea, in: Choi, Sang-Yong (ed.): Democracy in Korea. Its Ideals and its Realities (Seoul: Seoul Press, 1997); p. 471. Kwon, Jene K.: The East Asian Model: An Exploration of Rapid Economic Growth in the Republic of Korea and Taiwan Province of China Discussion, Paper 135 (Geneva: UNCTAD, 1998). Zysman, John: The Myth of ‘Global Economy’ Enduring National Foundations and Emerging Regional Realities, in: New Political Economy, 1, 2 (1996); p. 158. Lehmann, Jean-Pierre: Corporate Governance in East Asia and Western Europe. Competition, Confrontation and Co-operation. Paper presented at the Second International Forum on Asian Perspectives. Investing in Asia. Parts, 3 and 4 June 1996 (Paris: OECD, 1996); p. 47. Lall, Sanjaya: Industrial Policy: The Role of Government in Promoting Industrial and Tecnological Development, in : UNCTAD Review (1994); pp. 65–90

Dasgupta Partha Ray Debraj Inequality as a Determinant of Malnutrition and Unemployment, in: Economic Journal, 971 385 (March 1987); pp. 179 f

Elsenhans Hartmut : Reforming the Economic System of Bangladesh: Main Fields of Action. in: Sautter Hermann (ed.): Wirtschaftspolitische Reformen in Entwicklungslandern (Berlin: Duncker & Humblot. 1991). pp. 127–129