The rise of super-elite law firms: towards global strategies

This paper reviews the pressures towards globalisation reshaping the corporate law sector. It uses Yip's [Yip, G.S. (1996). Total global strategy (2nd ed.). Englewood-Cliffs, NJ: Prentice-Hall] framework of global industry drivers. The dominant view has been that the globalisation potential of the legal industry is low since there are few global legal products and many regulatory differences between markets. However, within the corporate law sector, strong regulatory differences between countries are outweighed by the combined impact of market, competitive and cost drivers. Evidence from this research shows that the balance of industry drivers is towards there being benefits to the pursuit of global strategies within this sector. In practice, a small number of very large corporate law firms are implementing global strategies in pursuit of specific sources of future competitive advantage. Thus a small ‘super-elite’ of globalising firms is emerging.     

Setting the conditions for going global: Dubai’s transformations and the Emirati women

Abstract

This study investigated how the rapid transformation of Dubai has affected the forms and shape of Emiratis’ consumption. Analysis of participant observations, projective techniques and existential phenomenological interviews with Emirati women living in Dubai uncovered ambivalence about economic power and loss of traditions and strategies for going global including embracing local capital, brand selection and spatiotemporal restrictions. The discussion notes that the global is something that is locally constructed whereby the locals play a key role in developing global structures of common difference.     

Globalisation of food quality standards: the impact in Greece

Globalisation is the global integration of standardised markets and has significant implications for Greece, a small European country distant from the main centres of world capital. Greece does however occupy a key position in the Balkan peninsula at the Eastern end of the Mediterranean. The paper commences by identifying the interpretation of the concept of globalisation and its effect on food quality standards. It subsequently attempts to sharpen understanding of the concept by considering concrete instances in which it has affected the Greek food industry. The paper concludes by suggesting an analytical framework for Greek institutions, legislators and policymakers addressing issues on standardisation.     

Big mountain,big name: globalised relations of risk in Himalayan mountaineering

The paper explores how visitors' perception of a destination's heritage management affects satisfaction with actual visits to the sites and overall perception of the destination's cultural image, using Macao as the case setting. The study will also look at how site visit satisfaction influences the intention to revisit and recommend to others. The findings indicated that perception of the quality of heritage interpretation was significantly associated with destination cultural image and site visit satisfaction. However, associations between site visit satisfaction and intention to revisit and recommend were weak. The findings also led to a discussion on whether the labels ‘cultural’ versus ‘non-cultural’ tourists remain stable over time.     

From hostile boundaries to tourist attractions

This study examines the transformation of hostile borders to inviting tourist attractions. It focuses on three cases: the ‘Island of Peace’ on the Israeli–Jordanian border, the ‘Golden Triangle’ of Southeast Asia and the Berlin Wall. All three are located on boundaries that were sites of conflict and instability, formerly closed and fortified but transformed into open and free borders for tourism. The geopolitical changes that have influenced the development of the sites account for the similarities between them. In all three cases, unique attractions have been developed, offering elements such as special demarcation, observation points and commemorations of the heritage of the closed border or a symbolic representation of cooperation and renewed political relations with the neighbouring country. The tourism development at these attractions may constitute an important contribution in terms of awareness and education that could help in strengthening relations of peace and cooperation in places that in the past suffered from a closed and hostile border. By examining the development of intensive tourism at selected border tourism sites, much can be learned about the development of border attractions elsewhere.     

On the mobility of tourism mobilities

Tourism mobilities are increasing over time and over space. However, while overall growth is clearly of significance, there is a need for a greater interrogation of some of the underlying assumptions made with respect to the nature of tourism mobility in the highly North American and Eurocentric English language tourism literature. Therefore, closer examination of mobilities in the so-called emerging economies that are becoming of growing importance with respect to aggregate tourism consumption and production may shed significant light on our understandings of tourism and associated mobilities.     

Like it or not? How the economic and institutional environment shapes individual attitudes towards multinational enterprises

This paper analyses the determinants of people's attitudes towards foreign direct investment (FDI) using a survey‐based data set that covers a wide range of rich and poor countries. We find that both individual socioeconomic characteristics and macroeconomic and institutional factors shape agents’ attitudes towards multinational firms. Moreover, we find that the influence of an individual's characteristics—such as education and the status as an entrepreneur—on her/his perspective on multinationals depends on the respective country's per‐capita income. Our results confirm the conjecture that relative individual attitudes towards multinationals reflect distributional interests as suggested by economic theory.     

Globalisation and Norwegian shipping policy, 1850–2000

The shipping industry has been called ‘the first globalised industry’. In this paper we analyse how domestic regulations have shaped the adaptations of ship owners in Norway, one of the leading providers of international shipping services for more than 150 years. The paper deals with the interaction between the international and domestic aspects of the shipping industry, with particular emphasis on demand (the market for shipping services), labour and capital. In particular, we discuss the relationship between international developments and the Norwegian regulatory regime.     

Spanning the Globe: The Rise of Global Communications Systems and the First Globalisation

After postulating the relevance of information for trade costs we outline the rise of international communication networks (mail, telegraph, telephone) during the first globalisation of the long nineteenth century. In this period, global communications systems for the first time in history provided universal access to affordable and reliable means of communication. Using a new set of internationally comparable data on global postal flows, we analyse basic determinants of international information exchange and conclude by outlining a research agenda that links these to international trade patterns and knowledge transfer between countries.     

Book Reviews

Books reviewed: Alan Deardorff and Robert Stern, Social Dimensions of US Trade Policies D. Wellisch, Theory of Public Finance in a Federal State Angela Redish, Bimetallism: An Economic and Historical Analysis John Williamson, Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option