The Evolution of the World Economy

Terutomo Ozawa

in Books from Edward Elgar Publishing

Abstract: The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, ironically dreams big to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on ‘flying-geese' theory reformulation explains how capitalism has changed industrial structures across the world. Using structural development economics and political economy analytics the unfolding changes in the global industrial landscape are examined in depth. Will the flying-geese formation, a formation that has produced the East Asian Miracle and is hoped to spread to Africa, survive?

Keywords: Asian Studies; Business and Management; Economics and Finance (search for similar items in EconPapers)
JEL-codes: M4 (search for similar items in EconPapers)
Date: 2016
ISBN: 9781781003305
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Citations: View citations in EconPapers (2)

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Chapters in this book:

Ch 1 Why Akamatsu’s original theory needs reformulation , pp 3-15

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Ch 2 The classical origins of Akamatsu’s ideas: a missing link to David Hume’s ‘flying-manufacturers’ theory , pp 16-23

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Ch 3 The ladder of economic development revisited – and elaborated , pp 24-70

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Ch 4 The dynamics of MNC-impacted comparative advantage: relevance to Ricardo’s view on FDI and Samuelson’s skepticism about globalization , pp 71-86

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Ch 5 The rise of multinationals from emerging markets: East Asian experiences , pp 89-120

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Ch 6 The next great industrial transmigration: relocating China’s factories to sub-Saharan Africa, flying-geese style? , pp 121-154

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Ch 7 Prospects for the future of FG-style growth , pp 157-181

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