Industry Emergence between Technology and Zeitgeist

Author(s):  
Andranik Tumasjan

This chapter examines the dynamics of industry emergence using the case of the blockchain and crypto (BC) industry. The BC industry is a rapidly developing field that has—in less than a decade—transformed from initially being a volunteer project of a small group of cypherpunks to a global industry with a plethora of actors involving vivid entrepreneurial and corporate activity. Importantly, the review of the extant literature and evidence reveals that ideological driving forces, which have been neglected in prior industry emergence research, constitute a major catalyst of this rapid industry development. In this vein, the chapter shows that the ideological notion of ‘decentralization’ has strongly contributed to the BC industry’s rapid growth by matching the zeitgeist in times of financial crises with increasing centralization by large digital platforms.

2015 ◽  
Vol 78 (1) ◽  
Author(s):  
Muhammad Uzair Azizan ◽  
Khadijah Hussin

Land is an important but finite natural resource, crucial for numerous human activities such as for settlement, transportation, forestry, agriculture, animal husbandry, industry and recreation. Land can be seen as parallel to economic growth. With a rapid growth in development and urbanisation, there is an increase need for land and for that paddy land face with the paradox of allocation for agricultural and non-agricultural sector. The allocation of land for optimal agricultural use has become a paramount issue. This paper tries to analyse the revolution of paddy land in Kedah, what drives the conversion that resulted it, so that preservation mechanism on paddy land can be outlined in the future.


2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Kishore Mahbubani

This essay uses the tools of Western empirical reasoning to analyze the origins and driving forces of the ongoing geopolitical contest between China and the United States. The essay argues that the origins of the geopolitical contest lie in China’s rapid growth from the Deng era, the relative socioeconomic decline of the United States, and the failure of the United States to work out a rational, comprehensive strategy for managing China’s rise. Finally, in the fallout of the global COVID-19 pandemic, where the relations between the two countries have been further strained, the essay argues that the two countries can manage their geopolitical rivalry if they concentrate instead on five “noncontradictions” that also characterize their relationship: that between the fundamental national interests of both countries; in tackling climate change; in the ideological sphere; in the American and Chinese civilizations; and in their worldview.


2012 ◽  
Vol 518-523 ◽  
pp. 6042-6049 ◽  
Author(s):  
Xue Zhu Cui ◽  
Yao Wu Wang ◽  
Yuan Chang

The rapid urbanization in China has caused significant urban land use changes and extensive urban growth these years. That has led to a dramatic decrease in arable land and would challenge the national food security. To understand the anthropogenic driving forces of urban growth and find out effective control methods, this study established the Hierarchical Liner Model (HLM) to explore the influence of such factors including society and economy, population, and industry development. On the base of factor analysis and HLM, the decomposition of the affecting factors for urban growth was performed, it visually shows that the social retail goods, public transit passengers, and nonagricultural populations significantly drove the urban growth in China; the tertiary industry development has weak effects on urban growth. By weighting the role of the anthropogenic factors on urban growth, some advices were given at last, and it could provide possible management options for the government to mitigate the excessive urban growth in the near future.


Argumentum ◽  
2020 ◽  
Vol 12 (3) ◽  
pp. 237-255
Author(s):  
Guilherme Nunes Pires ◽  
José Paulo Guedes Pinto

The aim of the present paper is to understand the exponential growth of “Uberization” of labor in Brazil by analyzing the economic crisis and the austerity program putted in practice from 2014. The emergence of Gig Economy and the “Uberization” of labor is a global trend in digital age and Brazil has experienced the exponential growth of these type of labor relations in recent years. Millions of Brazilian workers now have their entire income exclusively from digital platforms without labor rights. However, its only possible to understand this process considering the economic crisis and, as a response of it, the austerity program. The offensive of capital over labor as a response of the profitability crisis penalized the working class and provided the rapid growth of the “Uberization” of labor in Brazil and an alternative for the capital accumulation on the other side.


2021 ◽  
Author(s):  
Paul Belleflamme ◽  
Martin Peitz

Digital platforms controlled by Alibaba, Alphabet, Amazon, Facebook, Netflix, Tencent and Uber have transformed not only the ways we do business, but also the very nature of people's everyday lives. It is of vital importance that we understand the economic principles governing how these platforms operate. This book explains the driving forces behind any platform business with a focus on network effects. The authors use short case studies and real-world applications to explain key concepts such as how platforms manage network effects and which price and non-price strategies they choose. This self-contained text is the first to offer a systematic and formalized account of what platforms are and how they operate, concisely incorporating path-breaking insights in economics over the last twenty years.


Author(s):  
Alif Azizi Abdullah ◽  
Mohammad Nabil Almunawar ◽  
Muhammad Anshari Ali

E-commerce has significantly changed the way businesses conduct transactions via the internet, which primarily associates the buying and selling of products or services. Through the internet, businesses can sell their products or services directly to their consumers or through a digital marketplace to attain a broader market. Digital marketplace firms are among the earliest e-commerce firms established, such as Amazon and eBay. With the rapid growth and adoption of the Internet and digital marketplace on a global scale and also at a regional level, implementation of digital marketplace is slowly rising in Brunei Darussalam throughout the last decade. This chapter aims to investigate the rise of digital marketplace in Brunei Darussalam. The chapter includes background theories of the digital marketplace, such as two-sided markets and digital platforms. Several cases of digital marketplace and governing bodies are explored, and factors contributing to the rise of digital marketplace will be discussed.


2020 ◽  
Vol 30 (3) ◽  
pp. 539-556 ◽  
Author(s):  
Jørgen Veisdal

Abstract Motivating buyers and sellers to join an empty platform is thought to be a key challenge for firms attempting to launch digital platforms in two-sided markets. According to predictions from extant literature, ’no one joins until everyone joins’. The phenomenon is often referred to as the “chicken-and-egg problem”. This study investigates the phenomenon in an exploratory multi-case study of ten startup technology firms operating digital platforms in two-sided markets. The study finds that the firms entered their markets using a variety of strategies distinguishable by strategic, relational and temporal factors. A conceptual framework is proposed which distinguishes the firms’ strategies along these dimensions. In addition, a cross-case discussion of the dynamics of the firms’ strategies is provided. Deductively, the findings contribute to establishing an empirical grounding for predictions from extant literature. Inductively, the findings contribute preliminary managerial implications as well as propositions for further research on entry strategies for digital platforms in two-sided markets.


2012 ◽  
Vol 56 (1-2) ◽  
Author(s):  
Leo van Grunsven ◽  
Inge Witte

AbstractEvolutionary economic geography proposes regional branching as a mode of industry emergence and development. It is claimed that branching enhances performance and evolution. In this article we investigate the relevance of regional branching and this claim in the context of Southeast Asia’s late-industrialization. We report research into the industrial automation industry in Penang, Malaysia.We first demonstrate that the emergence of this industry conforms well to regional branching. We show that despite this mode of genesis, industry development has stalled at an early stage and its evolution shows bifurcation: amongst the firms there are growers but also - and substantially more - stagnators. We offer a framework for understanding regional branching in late-industrialization context and for understanding differential performance/evolution. Applying this framework to our research context we find that regional branching, stalling, and the occurrence of stagnators and only a few growers can be understood from factors and hampering/ conducive circumstances at the levels of the industry, the region and individual firms.


2021 ◽  
Vol 9 (2) ◽  
pp. 495-515
Author(s):  
Bruno Duarte Abreu Freitas ◽  
Ruth Sofia Contreras-Espinosa ◽  
Pedro Álvaro Pereira Correia

This research aimed to determine if disreputable behaviour in esports is a threat to its sponsors. An exploratory design and a convergent-parallel mixed method with equal status were used. Esports sponsorship experts (N = 22) were interviewed via digital platforms and esports fans (N = 5,638) filled an online survey. Qualitative data was processed on NVivo 10 and quantitative on SPSS 25. The results showed that most experts consider disreputable behaviour as a threat to esports sponsors and roughly one-third of fans have developed negative feelings towards esports sponsors due to disreputable behaviour. The most brand-image threatening types of behaviours are corruption, illegal and unregulated gambling, and toxicity. Despite esports’ rapid growth, the field of esports sponsorships has received poor academic attention. Moreover, the findings are relevant for existing and potential sponsors wishing to understand how esports’ disreputable behaviour can damage their brands and how to proactively avoid this threat.


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