dunnettreader + off-shoring   10

Toby Nangle - Labour power sets the neutral real rate | VOX, CEPR’s Policy Portal - 09 May 2015
The recent remarkably low interest rates have puzzled economists. The standard explanation rests on the extraordinary manoeuvres of the world’s largest central banks. This column argues, however, that it is due to economic developments, specifically globalisation and the collapse in labour power in the west. -- downloaded page as pdf to Note
macroeconomics  global_economy  globalization  labor_share  Labor_markets  inequality-global  inequality  OECD_economies  interest_rates  asset_prices  investment  capital  stagnation  central_banks  capital_markets  China-economy  off-shoring  downloaded 
may 2015 by dunnettreader
Rajiv Sethi: Innovation, Scaling, and the Industrial Commons - July 2010
When Yves Smith makes a strong reading recommendation, I usually take notice. Today she directed her readers to an article by Andy Grove calling for drastic changes in American policy towards innovation, scaling, and job creation in manufacturing. The piece is long, detailed and worth reading in full, but the central point is this: an economy that innovates prolifically but consistently exports its jobs to lower cost overseas locations will eventually lose not only its capacity for mass production, but eventually also its capacity for innovation: - interesting discussion in updates and comments
US_economy  US_politics  Labor_markets  unemployment  trade-policy  trade-theory  off-shoring  manufacturing  Innovation  technology  technology_transfer  industrial_policy 
march 2015 by dunnettreader
Garicano, Luis and Rossi-Hansberg, Esteban (2014) - Knowledge-based hierarchies: using organizations to understand the economy - LSE Research Online
Via Economic Principals -- We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms, economic development, the gains from international trade, as well as offshoring and the formation of international production teams, among many others. We also review the nascent empirical literature that has, so far, confirmed the importance of organizational decisions and many of its more salient implications. - downloaded to iPhone
paper  lit_survey  economic_theory  economic_growth  productivity  inequality  labor  wages  supply_chains  teams  off-shoring  trade  emerging_markets  corporate_finance  development  MNCs  power  power-asymetric  firm-theory  organization  hierarchy  know-how  technology  innovation  superstars  middle_class  working_class  social_stratification  social_theory  institutional_economics  globalization  economy_of_scale  increasing_returns  IP  downloaded 
january 2015 by dunnettreader
The Reshoring Initiative Blog: The Reshoring Initiative's Recommendations for the Federal Government
The economic bleeding due to increasing offshoring has stopped. The rate of new reshoring is now equal to the rate of new offshoring. The challenge is now to reshore the 3 to 4 million manufacturing jobs that are still offshored. Recent reshoring announcements and successes by Apple, Caterpillar and GE and analysis of the economics of reshoring suggest that we could raise the net reshoring rate from the current zero jobs/year to 50,000. For the U.S. to achieve its full reshoring potential requires a continuation of offshore cost trends, improvement in U.S. competitiveness and changes in companies’ sourcing decision metrics. The U.S. government can influence all of these factors with minimal expenditure -- most recommendations for Dept of Commerce, especially integrating their reshoring tools and materials in their programs - also some Dept of Education extending encouragement of community college training initiatives - extend use of tool for calculating full costs of off-shoring as e.g. condition of federal contracts -- big issue currency manipulation by e.g. China at end of list is different in kind from the sorts of reorientation or extension of government programs or public-private_partnerships
US_government  US_economy  manufacturing  Labor_markets  exports  off-shoring  business  SMEs  unemployment 
august 2014 by dunnettreader
The Reshoring Initiative: Total Cost of Ownership Estimator Tool
The Total Cost of Ownership Estimator is a complimentary tool that enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making. Most companies make sourcing decisions based on price alone, resulting in a 20 to 30 percent miscalculation of actual offshoring costs. With the Total Cost of Ownership Estimator, users account for all relevant factors when determining their total cost of ownership including overhead, balance sheet, corporate strategy and other external and internal business costs. Once your unique data is input into the calculator, you will receive your total cost of ownership analysis complete with: ** Calculations of each source’s cost ** An accumulation of all costs into cost categories. ** A grand total cost. ** Line charts showing each source’s current price, total cost of ownership and 5-year forecast. ** Line charts showing your cumulative cost by category
globalization  global_economy  business  off-shoring  prices  labor  management  profit 
august 2014 by dunnettreader
Joshua Clover, review essay - Autumn of the Empire [post the Great Recession] | The Los Angeles Review of Books July 2011
Books discussed - Richard Duncan, The Dollar Crisis: Causes, Consequences, Cures *--* Robert Brenner, The Economics of Global Turbulence *--* Giovanni Arrighi, The Long Twentieth Century: Money, Power and the Origins of Our Times *--* Giovanni Arrighi, Adam Smith in Beijing *--*--*--* All three authors are heterodox from view of what passes for informed discourse about economic theory or political economy - by the conclusion of the essay, Giovanni Arrighi's longue-durée of transitions of a succession of capitalist empires becomes the vantage point for discussions of how we got to the Great Recession as well as where we have to start thinking about another way of understanding the geopolitical dynamics of global capitalism (or the global capitalist dynamics of geopolitics) Other TAGGED AUTHORS - Jill Ciment, Paul Krugman, Fernand Braudel, Joseph Schumpeter, John Maynard Keynes, Karl Marx, T.S. Eliot *--* Other TAGGED BOOKS - Reinhardt and Rogoff, This Time It's Different, *--* Michael Lewis, The Big Short: Inside the Doomsday Machine
books  reviews  global_economy  globalization  international_political_economy  financialization  financial_crisis  economic_history  geopolitics  empires  empire-and_business  world_history  world_systems  cycles  15thC  16thC  17thC  18thC  19thC  20thC  Genoa  city_states  Dutch_Revolt  Dutch  British_Empire  US-China  US-empire  imperialism  imperial_overreach  trade  trading_companies  production  productivity  capitalism  competition  profit  investment  international_monetary_system  translatio_imperii  Annales  bubbles  labor  off-shoring  investors  American_exceptionalism  EF-add 
august 2014 by dunnettreader
Unctad report - FDI into developing economies forecast to stall | FT. com June 2014
China set to become net exporter of FDI. Multinationals "reshoring" some employment and bringing back some of the $3T+ stashed overseas. Post Euro crisis FDI into Europe to pick up
global_economy  FDI  emerging_markets  OECD_economies  Eurozone  China  investment  tax_havens  off-shoring 
june 2014 by dunnettreader
Talking Manufacturing and Its Wage Premium | Jared Bernstein | On the Economy
–Manufacturing has the potential to grow beyond its current size and employ more people in decent jobs, but we’ve got to get the policy right. –As per Susan Houseman’s work (link), manufacturing productivity is significantly overstated for a number of reasons , implying that the agriculture analogy is incorrect. For one, it’s largely driven by one relatively small sub-sector: the production of computers and electronic products. –Second, Houseman points to two problems with the way we count inputs that also biases up estimates of manufacturing productivity. First, we’re undercounting the quantity of imported intermediate inputs and thus overcounting value added. Second, when manufacturers employ workers from outside the sector, say from Manpower-type staffing services, that biases down measured sectoral labor inputs and further biases up value added. –Even in the highly productive computer sector, productivity-induced job loss is not obvious. Houseman again: “Productivity growth also may reflect improvements to product design that result from research and development activities. ... The reason employment in electronic computer manufacturing has declined by 41 percent since 2000…is not because the assembly process has been automated but because most computer assembly has moved to Asia.” –Despite rumors to the contrary, manufacturing still pays better than other jobs for workers with similar characteristics.
US_economy  productivity  manufacturing  wages  off-shoring  technology  tech  R&D  unemployment  statistics  links  EF-add 
june 2014 by dunnettreader
G. William Domhoff - Power at the Local Level: Growth Coalition Theory | Who Rules America
Theory of local "growth coalitions" and history of urban policy and public administration institutions growing out of Good Government battles against Democratic Party machines and Socialists. Rockefeller Foundation and University of Chicago building nationwide urban policy network of thinktanks through Progressive and New Deal era. Electoral and managerial "reforms" (off yr & nonpartisan elections, citywide councils w/ no or minimal pay), city managers) that defanged threats from immigrant, Negro & Socialist politicians, foreclosed working class participation in governing bodies etc.

The idea that the heart of a local power structure is provided by those businesses concerned with local real estate values explains what had been considered a perplexing issue in what was once called the "community power literature:" the relative absence of industrial executives as top leaders within the city..... manufacturers usually are not concerned with land values unless they are also big landowners as well. Their focus is on making profits through the sale of products in regional, national, and international markets. For an industrialist, any given locality is merely a site for production that can be abandoned with a fair amount of ease if it becomes too costly, .... Their power is not in their involvement in local government but in their ability to move, which ... creates an underlying tension between the two sets of interests.

Since a great many specific government decisions can affect land values and growth potentialities, leaders of the growth coalition are prime participants in local government. Their involvement is even greater than that of corporate capitalists at the national level, where the power elite can rely to some extent on such "signals" as stock prices, interest rates, and the level of new investments to tell government officials what they think of current policies.

Due to the separation of local, state, and national government in the United States, the wily members of the local growth coalition are able to have it both ways. At the state and national levels they support those politicians who oppose, in the name of fiscal and monetary responsibility, the kinds of government policies that might create more jobs, whereas at the local level they talk in terms of their attempts to create more jobs. Their goal is never profits, but only jobs.
19thC  20thC  US_history  urban  urbanization  political_history  political_press  politics-and-money  urban_politics  US_economy  US_politics  political_economy  political_culture  local_government  business  elites  networks  investment  profit  property  Labor_markets  conservatism  lobbying  landowners  economic_growth  off-shoring  urban_development  suburbs  parties  elections  Great_Depression  US_politics-race  EF-add 
november 2013 by dunnettreader
BPEA Fall 2013: Offshoring Linked to Declining U.S. Labor Share, Likely to Continue
A Fall 2013 BPEA paper by Michael Elsby, Bart Hobijn, and Aysegul Sahin --
Manufacturing and trade sectors causing most recent drops; ACA could drive further declines -- The authors note that if globalization continues apace, the labor share will most likely continue to decline, especially in sectors that face the largest increases in foreign competition. -- They also point to the public policy implications of the labor share, writing that in addition to the fact that developments in certain industries affect the aggregate labor share, particular types of legislation -- such as the Affordable Care Act -- are also likely to drive movements in the near future. “Since health insurance benefits are part of payroll compensation, a change in the prevalence of these benefits that is not offset by changes in wages and salaries will affect the labor share.”
paper  20thC  21stC  US_economy  globalization  international_political_economy  Labor_markets  wages  EF-add  off-shoring  health_care  profit  capital 
september 2013 by dunnettreader

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