Showing papers on "Internationalization published in 1976"
••
01 Jul 1976325 citations
••
TL;DR: In this article, the authors extend international trade theory to vintage capital models and use the vintage approach to trade in secondhand machines, an issue which has been much discussed in the literature on development (see [9] section 1), where only in vintage models can one hope to capture the essential points.
Abstract: There are two main reasons why it is interesting to extend international trade theory to vintage capital models (1) If one is concerned with the causes and effects of trade in actual machines, then it seems natural to use the vintage approach This applies in particular to trade in secondhand machines, an issue which has been much discussed in the literature on development (see [9] section 1), where only in vintage models can one hope to capture the essential points (2) Almost the entire theoretical literature on international trade assumes capital malleability, and much of it assumes a two-sector economy If the results of this theorizing are attributable to the specific nature of the models used, then it is clear that one should not attach much significance to them If, by contrast, it can be shown that the principal features of trade theory carry over to alternative models of capitalist production, then the confidence with which we apply the theory to the real world should be strengthened The vintage models discussed in this paper should be distinguished from the models of Bardhan [1], [2] and Petith [7] Bardhan's model is a two-sector model with fixed proportions vintage production functions and no trade in used machines It turns out to resemble very closely the two-sector model with differentiable production functions Petith's model has no trade at all in capital goods: the vintage technology is used solely as an illustration of the effects of joint production By contrast, it is of the essence of the models I discuss here that they are vintage models, there are no restrictions on trade, and, indeed, in dealing only with one-sector models my aim is to focus purely on the issues raised by trade across vintages It must also be noted that my concern is with the effects of trade on growth There is a considerable literature on the effects of growth on trade (See Hanson [6] for a survey of this literature, and an attempt to consider both sets of effects together) Since the models here have only one consumption good, nothing may be said on such important questions as the effects of capital accumulation on the relative prices of, say, primary and manufactured products
24 citations
••
TL;DR: In this paper, the Trans-Atlantic Slavery and the Internationalization of Race is discussed, with a focus on the trans-Atlantic slave trade and the internationalization of race.
Abstract: (1976). Trans-Atlantic Slavery and the Internationalization of Race. Caribbean Quarterly: Vol. 22, Essays on Slavery, pp. 5-25.
19 citations
••
TL;DR: The Eurocurrency markets as part of the general internationalization and liberalization of banking operations that traditionally have been closely controlled by the national authorities have had a significant impact on the basic structure of international financial markets and greatly increased the interdependence between domestic money markets as discussed by the authors.
Abstract: One of the most significant international developments in recent years has been the rapid growth of the Eurocurrency markets as part of the general internationalization and liberalization of banking operations that traditionally have been closely controlled by the national authorities. These developments have had a significant impact on the basic structure of international financial markets and greatly increased the interdependence between domestic money markets. As Brimmer has noted:
9 citations
••
01 Jan 1976
TL;DR: The development of integration processes in international economic (and not only economic) life is a characteristic feature of the modern world as discussed by the authors and the new requirements of economic, scientific and technical progress add up to the objective basis for the emergence of integrating communities that differ from each other in socioeconomic terms.
Abstract: The development of integration processes in international economic (and not only economic) life is a characteristic feature of the modern world. The concentration and internationalisation of production and the new require-ments of economic, scientific and technical progress add up to the objective basis for the emergence of integrating communities that differ from each other in socio-economic terms. These communities are an important factor in the world economy, notably in Europe. At the same time, a regional instead of a universal basis for integration may contain within itself definite contradictions, which come to the surface when an integrating community resorts to some form of collective protectionism.
3 citations