The globalisation of research in the pharmaceutical industry: A case of uneven development

The paper discusses different conceptualisations of the term globalisation of research. From this discussion five dimensions of globalisation of research are identified. Using three different type of data, the paper goes on to examine the extent, motivations and mechanism for the globalisation of research along these five dimensions among leading European and US pharmaceutical multinational companies (MNCs). The evidence for the period 1975–1998 shows that the general process of international expansion of research activities varied significantly between leading US and European MNCs. It is also clear that the development of the process of globalisation has proceeded unevenly along the five dimensions studied. The data also show the increasing concentration of both US and European research investment in the USA.     

The globalisation of research in the pharmaceutical industry: A case of uneven development

The paper discusses different conceptualisations of the term globalisation of research. From this discussion five dimensions of globalisation of research are identified. Using three different type of data, the paper goes on to examine the extent, motivations and mechanism for the globalisation of research along these five dimensions among leading European and US pharmaceutical multinational companies (MNCs). The evidence for the period 1975-1998 shows that the general process of international expansion of research activities varied significantly between leading US and European MNCs. It is also clear that the development of the process of globalisation has proceeded unevenly along the five dimensions studied. The data also show the increasing concentration of both US and European research investment in the USA.     

Can We Still Defend Globalisation After the Current Crisis?

It is now generally agreed that globalisation along the dimensions of trade and equity inflows creates prosperity and, in turn, helps rather than hinders the achievement of ‘social’ agendas such as reduced child labor, reduction of poverty and greater pay equity for women. But the financial sector, and its cross‐border globalisation, represents the soft underbelly of globalisation. This has been underlined dramatically by the current crisis since 2008. However, the common critique that the financial sector corrupts moral value is not compelling.     

Capacity utilisation and corporate restructuring: a comparative study of the US, UK and other EU countries

This paper compares and contrasts capacity utilisation in themanufacturing sectors of the US, UK and other EU countries overthree decades. It argues that corporate governance and the pressuresof globalisation have led to a tighter capacity stance in theUK but not generally in the US or Europe. The paper furtherexplores the nature of the UK experience, in particular, therival theories that efficiency in capital use has increasedversus the view that firms have simply tightened their capacitystance in line with higher hurdle rates of return. The evidenceof the paper supports the view that UK firms adopted a ‘submissive’response to the pressures of globalisation by shutting capacityand retreating from new investment.     

The dynamics of financial development,globalisation, economic growth and life expectancy in sub‐Saharan Africa

The importance of life expectancy is recognised in the development economics literature because of its increasing effects on labour productivity and economic growth in long‐run. However, no published study to date empirically examines the nonlinear relationships between globalisation, financial development, economic growth and life expectancy in sub‐Saharan African (SSA) countries. Therefore, our study intends to fill this gap by using non‐parametric cointegration test and multivariate Granger causality test towards a non‐linear empirical understanding of the factors affecting the life expectancy. We consider the case of 16 sub‐Saharan African economies using annual data over the period 1970–2012. The empirical analysis indicates that financial development, globalisation and economic growth appear to have a positive impact upon life expectancy in sub‐Saharan African economies, except for Gabon and Togo. Our empirical findings may provide insightful policy implications towards improving population health conditions which are vital for promoting the productivity of labour force and long‐run economic growth in sub‐Saharan African countries. In light of these policy implications, governments should incorporate globalisation, financial development and economic growth as key economic instruments in formulating sustainable developmental policy to promote life expectancy for the people in sub‐Saharan African countries.     

UNCED in the context of globalisation

It is interesting and salutary to look back and review together the books by Naomi Klein, Noreena Hertz and George Monbiot, all of which have gained a certain fame since they were published two or three years ago. They emerged from the backlash against the recent wave of globalisation and have attained almost iconic status within the anti-globalisation movement. All share a common theme: that ‘globalisation’ is above all built on the back of the corporate takeover of economic, political and cultural life. This means that global capitalism not only now dictates the nature of our consumption habits to an unprecedented degree (Klein), but that it has undermined all democratic activity (Hertz) and has led to the capture of the state by commercial interests as well (Monbiot—who concentrates on Britain in particular).     

The Big Bang: Tax Evasion After Automatic Exchange of Information Under FATCA and CRS

ABSTRACT

After decades of ineffective attempts to fight tax evasion, the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) recently implemented the first encompassing international exchange of tax-related information on an automatic basis. This is an important development because tax evasion contributes to rising socio-political inequality and political sovereignty losses. This article assesses the treaties’ impact on tax evasion by conducting a difference-in-difference analysis of cross-border asset data. The results show that the treaties are successful. Household assets in tax havens that are not hidden behind corporate identities are estimated to be 67 per cent lower than they would have been without automatic exchange of information. Furthermore, this reduction is not offset by an increase in treaty circumvention using identity concealment or asset shifting to non-compliant jurisdictions. FATCA and CRS thus implement the first effective international cooperation against tax evasion. The results imply that political globalisation is capable to mitigate the political sovereignty losses and rise of inequality caused by economic globalisation.     

Globalisation, capital mobility and tax competition: theory and evidence for OECD countries

Are the predictions of tax competition theory wrong? While the tax competition literature predicts that taxes on income from capital decrease with increasing globalisation, past empirical studies on various data find contradicting evidence. By using different data and additional elements of economic theory, this paper aims to challenge the empirical contributions. For a panel of 14 OECD countries and for the period 1967–1996, we find that globalisation has indeed a negative and significant impact on corporate taxes. Furthermore, globalisation tends to raise labour taxes and social expenditures. As a consequence, the so-called “efficiency” and “compensation” hypotheses of globalisation are not competing, but rather, both appear to apply at the same time. Efficiency has an impact on the tax-mix, whereas compensation is provided through increased social expenditures.     

Globalisation and/or Europeanisation? The Case of Flexicurity

The relationship between globalisation and Europeanisation is conventionally studied by focusing on the domestic level. In this article we explore this relationship at the international level instead. We examine the way in which the two phenomena in the form of the ILO and the EU relate to one another. Adopting a discursive institutionalist approach and focusing on flexicurity, we investigate whether, how and under what conditions the discourse on flexicurity provides a point of convergence or divergence between globalisation and Europeanisation. Our empirical data reveals attempts by the European Commission to use globalisation as a legitimating device for a market-accommodating programme for labour market reform. The ILO remains more sceptical, both about the overall effects of globalisation and the more concrete uses of flexicurity. Meanwhile, the concept of flexicurity is subject to change and rearticulation in line with the evolving policy agenda endorsed by the Commission and/or the member states. The relationship between Europe and globalisation is thus far from neutral. ‘Europe’ is active in shaping globalisation; translated into the work undertaken here, Europeanisation could be conceived as a facet of globalisation rather than as a bulwark to it, or merely as a process running parallel to it.     

The New Geopolitics of Disease: Between Global Health and Global Security

This article describes the emergence of a new geopolitics of disease following the end of the Cold War and offers a framework for thinking about it. Three main questions are asked. First, why is disease now a geopolitical issue? Second, how has this new geopolitics emerged? And third, what are the implications of the emergence of disease as a geopolitical issue for the meaning and practice of global health? It is argued that disease is now seen as a geopolitical issue in terms of four main dimensions: destabilisation, sovereignty, the instrumentalisation of health, and geopolitical economy. Second, this new geopolitics has emerged in the context of larger debates about globalisation, development and security, and has emanated primarily from Northern institutions. Third, drawing on critical approaches to security, it is suggested that while the securitisation of health offers certain benefits, it also carries risks. The article identifies a number of critical tensions in the new geopolitics of disease as a way of negotiating these risks and anchoring the concept of global health security in a larger vision of health in an era of globalisation.     

The globalisation of technology and its implications for developing countries: Windows of opportunity or further burden?

On the basis of a categorisation of ways in which the generated knowledge is transmitted, this paper explores the impact of the different forms of the globalisation of technology on developing countries. Through travelling, media, scientific and technical workshops, Internet and many other communication channels, globalisation allows the transmission of knowledge at a much greater pace than in the past. However, this does not automatically imply that developing countries succeed to benefit from technological advances. On the contrary, this will strongly rely on the nature of the technology and of the policies implemented in both advanced and developing countries.     

Impact of Globalisation on Employment in Nigeria

This study analyses the effect of globalisation on employment in Nigeria considering the economic, political and social aspects of globalisation using annual time series data for the period 1970 - 2013. The study uses ARDL bounds testing to examine the short-run and long-run effects. The findings indicate that in the short-run, the economic and social aspects of globalisation are beneficial as they induce an increase in employment rate, although both the two aspects of globalisation have only marginal effect in the short-run, while the political integration shows no effect in the short-run. However, in the long-run, all the three aspects of economic, political and social integration show substantial beneficial impact as they all induce a significant increase in the employment rate.     

Globalisation,Hegemony and Passive Revolution

Across the social sciences the last decade has witnessed a proliferating interest in the relationship between the state and globalisation. By the early 1990s a range of writers working within what we label a structuralist approach asserted that globalisation is, if not challenging the viability of the sovereign state, then at least forcing it to adapt its policies to conform to the new global reality‐being 'hollowed out', as the phrase had it. The pendulum then swung the other way when an 'agent-centric' backlash emerged, insisting that states have what we call agential power, such that they can mitigate and even shape global structures. In this article we build upon an emergent third way, or 'structurationist' perspective, between these two antinomies, in which we synthesise structuralist and agent-centric theory. We begin in Part I by taking stock of the central issues in the state/globalisation debate and examine the various structuralistand agent-centric approaches, while Part II sketches the theoreticaloutlines of a structurationis t approach and conceptualises what we call the spatial promiscuity of the state. In Part III we apply this approach to the case of Singapore. We choose Singapore only because it provides an excellent litmus test for critically appraising the various positions on globalisation, including our own, not least because Singapore is a small state that has perhaps the most globalised economy in the world.     

The global economy--myths and realities

Hirst and Thompson's Globalization in Question is the key textquestioning claims of economic globalisation. This review ofits revised second edition examines its main claims: that contemporarylevels of international integration fall short of the Gold Standardperiod; genuinely global companies remain exceptional; capitalmobility is not shifting economic activity to developing countrieswholesale; international economic activity is primarily regionalrather than global; and that international economic activityis sanctioned by nation states and remains subject to theirpolitical power. This review argues that, while their evidenceprovides a useful corrective to extreme globalisation views,focusing on this view understates changes in the internationaleconomy.     

Rethinking the development agenda

This paper calls for a development agenda based on five majorpremises: (1) a more balanced form of globalisation based ona genuine respect for diversity; (2) a broad view of macroeconomicstability, which provides an adequate role for counter-cyclicalpolicies; (3) the need to complement macroeconomic stabilitywith active productive development policies; (4) strong socialpolicies and the mainstreaming of social objectives into economicpolicies to guarantee adequate linkages between economic andsocial development; and (5) the recognition that developmentinvolves broader human development goals.     

收敛还是发散?--中国区域经济发展争论的文献综述

本文考察了 1 980— 2 0 0 1年间中国地区经济差距的演变趋势 ,并对地区差距的形成渊源、未来发展战略的相关文献做了综述 ,最后提出了相应的政策建议。基尼系数的分解结果表明 ,中国地区经济的总体差距在 2 0世纪 80年代有所下降 ,但在 90年代却呈上升趋势 ,地区经济的总体差距主要来自沿海和内陆地区的差距 ,在各地区内部不存在所谓的俱乐部收敛。经济、地理、历史等多种因素使沿海地区处在了比较高的发展起点上 ,地区发展战略、全球化、经济自由化 ,要素市场的扭曲相互交织 ,对地区差距的形成产生了重要的影响。地区差距的缩小是一个长期任务。中央政府必须采取有效措施引导各地区推行区域经济协调发展战略     

Is globalisation undermining the welfare state?

This paper analyses the evolution of the welfare states in themajority of OECD countries during the pre-globalisation (1946–80)and globalisation (1980–2000) periods. Our purpose isto find out whether globalisation has produced a convergencetowards a smaller welfare state, funded increasingly by non-mobilefactors such as labour, property and consumption rather thanby mobile factors such as capital. The data presented here challengethe claims about such a convergence, showing that social publicexpenditures and public employment have continued to expandduring the globalisation period in most OECD countries. We alsoshow that the welfare states remain rooted in the politicaltraditions that have governed them.     

Representing Mountains: From Local and National to Global Common Good

Since the United Nations Conference on Environment and Development in 1992, mountains have acquired global recognition as a specific issue in the promotion of sustainable development policies. Starting from the traditional roles of mountains for local societies and in modern geopolitics, this paper analyses the status that mountains have been acquiring though globalisation, and the modes of global mobilisation and recognition that have taken shape since 1992. Particular attention is given to the role of scientists, international organisations, some mountainous states, and “mountain people”. The specific characteristics of this process are discussed and compared to those pertinent to other goods, especially ‘geographical’ or ‘ecological’ goods such as tropical forests and Antarctica. Though the globalisation of mountain issues is part of a wider process of the recognition of environmental and cultural goods at a global level, it may be seen as the first example of a new category of global common good: “global common regions” or “glocal common good”.     

The changing state–market condominium in East Asia: rethinking the political underpinnings of development

This article addresses the effects of inequality on the globalisation process. It is argued that the recent financial and economic crisis is a manifestation of a tendency of the aggregate demand to fall relatively to aggregate supply, generated by an asymmetric income distribution, which in turn both increases, and is reinforced by, the mobility of goods, capital and labour, in a process of cumulative causation. This process has not become manifest earlier due to counteracting tendencies generated by the financial system, that were disrupted during the crisis. It is also argued that mainstream economics does not have the adequate framework for explaining the crisis, and actually contributed to the crisis through its theories and policies. Hence an alternative economic framework is suggested for addressing the crisis, drawing upon the contributions of several heterodox economic traditions, especially post-Keynesianism.     

Geoeconomic Relations Between the EU and China: The Lessons From the EU Weapon Embargo and From Galileo

The merging of geopolitical and economic goals, known as geoeconomics, is becoming more and more frequently an important factor of state policies in the age of globalisation and the changing international order. The article offers an analysis of the EU-China relations seen within the increasingly valid geoeconomics perspective. It is focused on two case studies: armament embargo after 1989 Tiananmen Square protests and the Galileo system (a European system of satellite communication). The aforementioned cooperation has laid bare the weakness of European geopolitical thought. It has also demonstrated the supremacy of short-term economic goals of the European actors over strategic goals (both within the economic and the political spheres). In contrast with China, the EU does not possess a coherent geoeconomics strategy.