|
Stephen Hymer
Stephen Herbert Hymer (15 November 1934 – 2 February 1974) was a Canadian economist. His research focused on the activities of multinational firms, which was the subject of his PhD dissertation ''The International Operations of National Firms: A Study of Direct Foreign Investment'', presented in 1960, but published posthumously in 1976, by the Department of Economics from Massachusetts Institute of Technology. Charles P. Kindleberger, his thesis supervisor, submitted it for publication, as mentioned by him on the introduction of Hymer's thesis dissertation. Personal life Hymer was born in Montreal, Quebec, Canada. Stephen Herbert Hymer's father was a Jewish clothing store owner from Poland and his mother was the bookkeeper. This inspired him to research the impact that multinational corporations have on local enterprises, as he feared the presence of new competitors might end up affecting his family's business. Hymer received a B.A. with first-class honors in Economics and Po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxian Economics
Marxian economics, or the Marxian school of economics, is a Heterodox economics, heterodox school of political economic thought. Its foundations can be traced back to Karl Marx, Karl Marx's Critique of political economy#Marx's critique of political economy, critique of political economy. However, unlike Critique of political economy, critics of political economy, Marxian economists tend to accept the concept of economy, the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxism, Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotation, connotative and denotation, denotative differences. Marxian economics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Enterprise
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1934 Births
Events January–February * January 1 – The International Telecommunication Union, a specialist agency of the League of Nations, is established. * January 15 – The 8.0 Nepal–Bihar earthquake strikes Nepal and Bihar with a maximum Mercalli intensity of XI (''Extreme''), killing an estimated 6,000–10,700 people. * January 26 – A 10-year German–Polish declaration of non-aggression is signed by Nazi Germany and the Second Polish Republic. * January 30 ** In Nazi Germany, the political power of federal states such as Prussia is substantially abolished, by the "Law on the Reconstruction of the Reich" (''Gesetz über den Neuaufbau des Reiches''). ** Franklin D. Roosevelt, President of the United States, signs the Gold Reserve Act: all gold held in the Federal Reserve is to be surrendered to the United States Department of the Treasury; immediately following, the President raises the statutory gold price from US$20.67 per ounce to $35. * February 6 – F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stephen A
Stephen Anthony Smith (born ) is an American sports television personality, sports radio host, and sports journalist. He is a commentator on ESPN's ''First Take'', where he appears with Molly Qerim. He also makes frequent appearances as an NBA analyst on '' SportsCenter''. Smith also is an NBA analyst for ESPN on ''NBA Countdown'' and NBA broadcasts on ESPN. He also hosted ''The Stephen A. Smith Show'' on ESPN Radio. Smith is a featured columnist for ESPNNY.com, ESPN.com, and ''The Philadelphia Inquirer''. Early life and education Stephen Anthony Smith was born in the Bronx, a borough of New York City. He was raised in the Hollis section of Queens. Smith is the fifth of six children. He has four older sisters and had a younger brother, Basil, who died in a car accident in 1992. He also has a half-brother on his father's side. Smith's parents were originally from Saint Thomas, U.S. Virgin Islands. His father managed a hardware store. Smith's maternal grandmother was white, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopolistic Advantage Theory
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies. Adam Smith's model Adam Smith describes trade taking place as a result of countries having absolute advantage in production of particular goods, relative to each other. Within Adam Smith's framework, absolute advantage refers to the instance where one country can produce a unit of a good with less labor than another country. In Book IV of his major work ''the Wealth of Nations'', Adam Smith, discussing gains from trade, provides a literary model for absolute advantage based upon the example of growing grapes from Scotland. He makes the argument that while it is possible to grow grapes and produce wine in Scotland, the investment in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eclectic Paradigm
The eclectic paradigm, also known as the OLI Model or OLI Framework (''OLI'' stands for ''Ownership'', ''Location'', and ''Internalization''), is a theory in economics. It is a further development of the internalization theory and published by John H. Dunning in 1979. Modern Trade Theory incorporates this paradigm using the Grossman-Hart-Moore Theory of the firm * Ownership advantages specific advantages refer to the competitive advantages of the enterprises seeking to engage in Foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ... (FDI). The greater the competitive advantages of the investing firms, the more they are likely to engage in their foreign production. * Location advantages Gray, H. Peter (2003). "Extending the Eclectic Paradigm in International Busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Harry Dunning
John Harry Dunning (26 June 1927 – 29 January 2009) was a British economist and is widely recognised as the father of the field of international business. He researched the economics of international direct investment and the multinational enterprise from the 1950s until his death. In the 1980s, he published the eclectic paradigm or OLI-Model/Framework as further development on Internalization theory. OLI remains the predominant theoretical perspective to study international business activities, notably foreign direct investment and multinational enterprises. His first book, ''American Investment in British Manufacturing Industry'' (1958), is the first seminal work in the international business field. Biography John Dunning was born in Sandy, Bedfordshire on 26 June 1927. At the age of 15 he took a junior clerical position with S.E. Higgins & Co., a London insurance brokerage.Dunning (2008)''Seasons of a Scholar: Some Personal Reflections of an International Business Econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labour
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills, and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Rowthorn
Robert Rowthorn (born 20 August 1939) is Emeritus Professor of Economics at the University of Cambridge and has been elected as a Life Fellow of King’s College. He is also a senior research fellow of the Centre for Population Research at the Department of Social Policy and Intervention, University of Oxford. Life Rowthorn was born in 1939 in Newport, Monmouthshire, Wales. He attended Jesus College, Oxford reading mathematics. He took a post-graduate research fellowship at Berkeley again in mathematics. He returned to Oxford and switched to economics, taking a two-year B.Phil. He then got a job at Cambridge as an economist. He was an editor of the radical newspaper ''The Black Dwarf''. He has authored many books and academic articles on economic growth, structural change and employment. His work has been influenced by Karl Marx and critics of capitalism. He has worked as a consultant to various UK government departments and private sector firms and organisations, and to intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Susan Strange
Susan Strange (9 June 1923 – 25 October 1998) was a British scholar who was "almost single-handedly responsible for creating international political economy." Notable publications include ''Sterling and British Policy'' (1971), ''Casino Capitalism'' (1986), ''States and Markets'' (1988), ''The Retreat of the State'' (1996), and ''Mad Money'' (1998). She helped create the British International Studies Association. She was the first woman to hold the Montague Burton Professor of International Relations at the London School of Economics and was the first female academic to have a professorship named after her at the LSE. Early life Susan Strange was born on 9 June 1923 in Langton Matravers (County Dorset). She was the daughter of English aviator Louis Strange. She went to the Royal High School, Bath, and to the University of Caen in France, and graduated with a bachelor's degree in economics from the London School of Economics (LSE) during the Second World War. Like Robert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Technology
Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, industry, communication, transportation, and daily life. Technologies include physical objects like utensils or machines and intangible tools such as software. Many technological advancements have led to societal changes. The earliest known technology is the stone tool, used in the prehistoric era, followed by fire use, which contributed to the growth of the human brain and the development of language in the Ice Age. The invention of the wheel in the Bronze Age enabled wider travel and the creation of more complex machines. Recent technological developments, including the printing press, the telephone, and the Internet have lowered communication barriers and ushered in the knowledge economy. While technology contributes to econom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Competition
Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. The rivalry can be over attainment of any exclusive goal, including Recognition (sociology), recognition: Competition occurs in nature, between living organisms which co-exist in the same natural environment, environment. Animals compete over water supplies, food, mates, and other resource (biology), biological resources. Humans usually Survival of the fittest, compete for food and mates, though when these needs are met deep rivalries often arise over the pursuit of wealth, power, prestige, and celebrity, fame when in a static, repetitive, or unchanging environment. Competition is a major tenet of market economy, market economies and business, often associated with business competition as companies a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Division Of Labour")
