Why Global Commitment Really Matters! / Edition 1

Why Global Commitment Really Matters! / Edition 1

by J. David Richardson, Howard Lewis
     
 

For both soaring Silicon Valley and slumping Central New York, and for firms both large and small, global integration usually has a very positive impact. In this study, Howard Lewis and J. David Richardson explore new gains from deep international integration, some of which were featured in two earlier Institute studies of the under-appreciated benefits of deep… See more details below

Overview

For both soaring Silicon Valley and slumping Central New York, and for firms both large and small, global integration usually has a very positive impact. In this study, Howard Lewis and J. David Richardson explore new gains from deep international integration, some of which were featured in two earlier Institute studies of the under-appreciated benefits of deep export dependence (*). Why Global Integration Matters Most! updates the export studies and explores the evidence for a more radical idea.

A growing body of research literature demonstrates that globally engaged firms and their workers enjoy numerous performance benefits over local counterparts that are identical with respect to size, industry, and location. Conscious decisions to export, import, invest abroad, or partner with foreign investors or technology seem to be a catalyst for added benefits, especially rapid and stable job growth. Over time, globally engaged firms rejuvenate whole industries as their market share rises and that of more insular firms shrinks. Any, many, or all types of global commitments reward firms, workers, and local communities.

The study supplements its research survey with real-life profiles of representative American exporters, importers (often businesses importing machines and components), investors abroad, foreign affiliates, and technology partners. It also weighs criticisms and alternative interpretations of the research, and discusses the problems of those left on the margins of global engagement.

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Product Details

ISBN-13:
9780881322989
Publisher:
Peterson Institute for International Economics
Publication date:
09/01/2001
Series:
Globalization Balance Sheet Ser.
Edition description:
New Edition
Pages:
50
Product dimensions:
7.44(w) x 10.04(h) x 0.29(d)

Table of Contents

Prefacevii
Acknowledgmentsxi
Summary1
Overview3
1 Introduction7
2 The Globally Engaged Stand Tall: Firms, Workers,
Communities13
Globally Engaged Firms Versus Other Firms16
Globally Engaged Workers Versus Other Workers24
Globally Engaged Firms, Workers, and Communities Abroad35
3 Yes, But Does Globalization Really Cause Any of This Stuff?39
Commitment, Not Intensity40
The Chicken and the Egg41
Global Commitments Are a Family of Activities45
Even if Global Presence Meekly Mirrored Local
Performance, There May Be Gains47
4 But What About ...? Complaints, Doubts, and Criticism51
5 Policy Implications61
References63
Index67
Tables
Table 3.1 Background data for Figures 3.4-3.6—Wages
and employment shares of globally integrated and less48

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