By Jeffrey James
This important publication offers an unique exam of the theoretical and empirical interactions among globalization, expertise and poverty. Jeffrey James reviews the influence of data know-how on styles of globalization and explores how such styles may be altered to lessen the transforming into worldwide divide among wealthy and terrible international locations.
The writer first illustrates how the influence of data expertise on globalization may be conceptualized when it comes to transactions charges, product proliferation and mechanisms of cumulative causation. He unearths that globalization has a tendency to learn a comparatively small crew of wealthy participants, companies and international locations. as a result he indicates coverage measures wherein info know-how can be utilized to reduce, instead of exacerbate, the electronic divide. He is going directly to argue that whether the proposed measures are kind of winning, enormous recognition will nonetheless must be paid to traditional applied sciences and, specifically, to the advertising of applied sciences that may profit the poorest teams within the constructing international locations. ultimately, the writer seems to be intimately at expertise coverage in sub-Saharan Africa, a quarter which has profited least from the advantages supplied by way of new applied sciences comparable to electronic mail and the web.
Technology, Globalization and Poverty should be crucial examining for lecturers attracted to technological switch, monetary improvement, and the connection among the 2. Policymakers in either built and constructing nations also will draw nice price from this work.
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Extra resources for Technology, Globalization and Poverty
Success depends not upon being the lowest cost (or highest throughput) producer, but upon the minimization of product development and product changeover times (Best (1990) p. 14). The innovational imperative that is associated with this ‘new competition’ has led to a proliferation of new products in a number of industries, the most striking of which is perhaps the clothing industry. From among the many theories of international trade that now exist, the model of the product cycle seems especially well-suited to an analysis of how patterns of comparative advantage in the Third World are likely to be affected by the ongoing trend towards product proliferation and globalization in the world economy.
229). They suggest, furthermore, that ‘the costs of trading must be considered as a real cost just like the cost of production’ (ibid). Information technology, transaction costs and globalization 21 5. A very detailed discussion of this type of technology and its consequences is to be found in Antonelli (1990). 6. These and other data pertaining to the period are to be found in Antonelli (1990). 7. The Indian case is described by Pitroda (1993). ‘According to a recent Competitiveness Report from Harvard University, Namibia is ranked number 4 across the entire continent.
Jensen, M. (1998), ‘Internet Opens New Markets for Africa’, Africa Recovery, 12 (3). New Palgrave Dictionary of Economics (1989), Basingstoke: Macmillan. Norton, S. (1992), ‘Transaction Costs, Telecommunications, and the Microeconomics of Macroeconomic Growth’, Economic Development and Cultural Change, 41 (1), Oct. Pitroda, S. (1993), ‘Development, Democracy and the Village Telephone’, Harvard Business Review, 71 (6). Reddy, P. (1997), ‘New Trends in Globalization of Corporate R&D Implications for Innovation Capability in Host Countries: A Survey from India’, World Development, 25 (11).
Technology, Globalization and Poverty by Jeffrey James