Documents domestic market 10 results

"The current global financial crisis has prompted researchers to revisit the export-oriented development models, known as the ‘Washington Consensus' paradigm, that have prevailed in East Asia during the past few decades. Host domestic markets have been generally neglected in the conceptual construct and empirical analysis of export-oriented development. Drawing upon the global production networks (GPNs) perspective, the study advances an evolutionary framework to shed light on the rising domestic market in China as emerging dynamics of regional transformation in contemporary economic globalization. The study is conducted based on updated investigations of the market rebalancing of transnational corporations (TNCs) in China, and particularly the Pearl River Delta (PRD), in response to the post-crisis global–local interaction. It argues that the institutional and network embeddedness of TNCs in the processing trade regime have hampered their ‘recoupling' with the domestic market and ‘decoupling' from external markets. Instead, a domestic market oriented production network is emerging, driven by strategic contract manufacturers through relocation to inland China. As a pilot attempt to articulate the domestic market in the GPN framework, this study urgesmore research to reflect the implications of the restructuring of GPNs and market reorientation of TNCs for reshaping regional trajectories in the post-Washington Consensus global economy."

"The ‘sharing economy' is a contested realm, with critics arguing it represents a further development of neoliberalism, as platforms such as Airbnb and TaskRabbit, monetize previously uncommodified realms of life via renting of bedrooms, possessions, space and labor time. To date, this debate has largely ignored participants' views. Using data from 120 in-depth interviews with providers in two for-profit and three not-for-profit sites, we find that most see the sharing economy differently, as an opportunity to build a radically different market, from the bottom up. Like the detractors, they are critical of dominant market arrangements, however, they believe the sharing sector can construct personalized exchanges that are morally attuned, based on ideals of community, and that help them achieve creative and financial autonomy in their working lives. These aspirations represent an attempt to tame, or domesticate the neoliberal market."

"Since their inception in 1979, the European Parliament's Fact Sheets have proven to be very useful for the public as a source of information about the EU, with a particular focus on Parliament's contribution to European integration and policy-making. Designed for non-specialists interested in finding out more about European integration, they have also very often been useful as background documents for MEPs, professionals and academics and have become a reference for students. The Fact Sheets highlight the role of the European Parliament, which now decides on the vast majority of EU legislation: on 1 December 2009 over 40 new policy areas were brought under the ordinary legislative procedure involving Parliament and the Council, including agriculture, fisheries and energy. Parliament also has budgetary powers covering all EU expenditure and, together with the Council, has the final say on the EU budget. It now has the right to initiate treaty change and elects the President of the European Commission "

"Le Marché intérieur est encore en construction, il faut le rénover et l'achever. Minée par les écarts de compétitivité, l'Europe est criblée de dettes publiques et privées. Elle fait face à une crise systémique : économique, financière, sociale, démocratique. Elle est très grave et sera durable. Comment, dans ces conditions, organiser la solidarité européenne pour aider les États à redresser leurs économies et leur compétitivité, à opter pour des choix européens qui créent des dynamiques d'emploi et de croissance, pour un retour de l'impératif industriel ? Ce dossier donne la parole aux acteurs et ouvre les débats que nous développerons lors des Entretiens Économiques Européens organisés avec le concours de la Commission européenne les 23 et 24 novembre à Paris."

"In this article, we analyze the implications of financialization for domestic demand formation by linking the concept of financialization to the post-Keynesian analysis of demand regimes. We examine how the financialization of households in advanced economies gave rise to distinct but interdependent demand regimes. In the Anglo-Saxon and southern European countries, financialization in the form of property price inflation and rising household debt contributed to the development of a debt-driven demand regime with large current account deficits. Economic development in eastern Europe was shaped by catching-up through foreign direct investment from northern Europe and accompanied by worsening current account positions. Northern Europe, in contrast, relied on an export-driven demand regime with a weaker role for financialization. The export-driven demand regime relies on the financialization of southern Europe and the Anglo-Saxon countries, which helped create export demand for northern Europe. We argue that this constellation of demand regimes gives rise to divergent economic performance and macroeconomic instability. While with deleveraging the growth effects of the debt-driven model have gone into reverse, the fundamental configuration has not changed since the crisis."