Semi-Proletarianization in a Dual Economy: The Case of China

2019 ◽  
Vol 51 (4) ◽  
pp. 553-561
Author(s):  
Hao Qi
Keyword(s):  
Migrant Workers ◽  
Turning Point ◽  
Jel Classification ◽  
Wage Increase ◽  
Wage Level ◽  
Family Farming ◽  
Dual Economy ◽  
Three Stages ◽  
Capitalist Firms

This paper proposes a model to explain the wage increase for migrant workers in China since the mid-2000s. First, the model consists of a capitalist sector and a non-capitalist sector. Second, households are semi-proletarianized because they participate in both family farming and wage production. Third, capitalist firms determine the wage level in order to extract labor. The paper demonstrates that semi-proletarianization is one of the three stages of the long-term dynamics of a dual economy like China. In so doing, it provides an alternative to the Lewis turning point literature. JEL Classification: B51, O53, E24

The Italian Wage Curve. The effects of the Recent Labour Market Reforms

2009 ◽  
pp. 53-93
Author(s):  
Nadia Netti
Keyword(s):  
Civil Rights ◽  
Labour Market ◽  
Capital Accumulation ◽  
Jel Classification ◽  
Inclusion Problem ◽  
Wage Level ◽  
Labor Costs ◽  
Dual Economy ◽  
Demographic Economics ◽  
Labour Market Reforms

- The paper examines some effects of the recent reforms aimed at increasing flexibility in the Italian labour market. It shows their incapability to respond to the "inclusion" problem which still characterises the country. New temporary low-skill jobs were created but the reforms have neither enforced industrial competitiveness nor increased productivity. Far from solving the problems of a dual economy, de-regulation of Italian labour market has reinforced them and has concurrently eroded civil rights thereby making a departure form standards of health and morality. Excessive turnover of workers and firms is a major obstacle to human capital accumulation. A hostile territory produces social inequality, poverty and under- consumption that severely compromises growth. Key words: Labor and Demographic Economics; Wages, Compensation and Labor Costs; Wage Level and Structure; Wage Differentials JEL Classification: J, J3, J31

Economic Institutions and Growth Nexus: The Role of Governance and Democratic Institutions—Evidence from Time Varying Parameters’ (TVPs) Models

2016 ◽  
Vol 55 (4I-II) ◽  
pp. 675-688
Author(s):  
Ghulam Murtaza ◽  
Muhammad Zahir Faridi
Keyword(s):  
Structural Changes ◽  
Jel Classification ◽  
Economic Institutions ◽  
Time Varying ◽  
Democratic Institutions ◽  
Main Hypothesis ◽  
Dynamic Relationship ◽  
Rolling Window

The present study has investigated the channels through which the linkage between economic institutions and growth is gauged, by addressing the main hypothesis of the study that whether quality of governance and democratic institutions set a stage for economic institutions to promote the long-term growth process in Pakistan. To test the hypothesis empirically, our study models the dynamic relationship between growth and economic institutions in a time varying framework in order to capture institutional developments and structural changes occurred in the economy of Pakistan over the years. Study articulates that, along with some customary specifics, the quality of government and democracy are the substantial factors that affect institutional quality and ultimately cause to promote growth in Pakistan. JEL Classification: O40; P16; C14; H10 Keywords: Economic Institutions, Growth, Governance and Democracy, Rolling Window Two-stage Least Squares, Pakistan

The Influence of Growth, Asset Tangibility, Cost of Debt, Profitability and Business Risk On Debt Capital

2019 ◽  
Vol 4 (4) ◽  
pp. 120-127
Author(s):  
Erika Jimena Arilyn ◽  
Beny Beny
Keyword(s):  
Firm Growth ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
Jel Classification ◽  
Cost Of Debt ◽  
Market Condition ◽  
Business Risk ◽  
Debt Capital

Objective –The aims to identify the significant factors that influence a company’s decision to use debt capital. Methodology/Technique – This study uses 5 independent variables namely; firm growth (growth rate in total gross assets), asset tangibility (ratio of net fixed assets to total assets), cost of debt (interest before tax / long term debt), profitability (Earnings Before Interest and Taxes (EBIT) / Total Asset), and business risk (standard deviation of EBIT to total assets). The dependent variable in this study, debt capital, is measured by the ratio of long-term debt to total assets. A purposive sampling method is used to select 11 out of 18 textile and garment companies listed on the Indonesian Stock Exchange between 2014 and 2018 that report their annual financial positions. A quantitative method, panel data analysis technique and SPSS tools were also used in this study. Findings – The results show that debt capital is influenced by profitability, while the remaining factors do not influence debt capital. Novelty – This study adds to the existing literature on internal factors, market condition as an external factors, and debt capital in developed countries. The benefit of this study is to explore the potential capabilities of the industry in using its profit to minimize the use of debt as a source of capital to decrease business risk. Type of Paper: Empirical Keywords: Profitability; Growth; Cost of Debt; Business Risk; Tangibility; Capital Structure. Reference to this paper should be made as follows: Ariyln, E., J; Beny; 2019. The Influence of Growth, Asset Tangibility, Cost Of Debt, Profitability and Business Risk On Debt Capital, Acc. Fin. Review 4 (4): 120 – 127 https://doi.org/10.35609/afr.2019.4.4(4) JEL Classification: G23, G32.

Reshaping the Economic Structure in Argentina: The Role of External Debt during the Macri Administration (2015–2019)

2021 ◽  
pp. 048661342097642
Author(s):  
Juan E. Santarcángelo ◽  
Juan Manuel Padín
Keyword(s):  
External Debt ◽  
Economic Structure ◽  
The United States ◽  
Jel Classification ◽  
Financial Capital ◽  
Economic Policies ◽  
Right Wing ◽  
Long Term Effects

Argentina’s right-wing shift in the 2015 presidential election concluded twelve years of center-left rule. The elected president, Mauricio Macri, claimed that the economy would experience normalization of existing imbalances and recover its strength in a “new political era.” However, the new administration quickly restored the dominance of neoliberal economic policies through a comprehensive set of initiatives, which centrally included the return to international financial debt and equity markets and submission to the International Monetary Fund’s (IMF) rules. This article analyzes Argentina’s external-debt-growth process and discusses its objectives and long-term effects. This paper posits that the indebtedness process carried out by the Macri administration—and its modality—not only increased the relevance of financial capital in the Argentine economy but also structurally conditioned any future nonorthodox alternative path of development. This outcome cannot be understood without taking into account the deliberate role of the United States, the IMF, and the top companies that operate in Argentina, as well as the complicity of many political sectors. JEL Classification: H63, F34, F63

scholarly journals Migrant Labour during the Pandemic: A Political Economy Perspective

2021 ◽  
pp. 001946622110212
Author(s):  
Deepak K. Mishra
Keyword(s):  
Political Economy ◽  
Migrant Workers ◽  
Labour Force ◽  
Current Crisis ◽  
Capitalist Development ◽  
Working Classes ◽  
Migrant Labour ◽  
Cheap Labour ◽  
The One

This article aims to analyse the plight of the migrant workers in India during the Covid 19 pandemic from a political economy perspective. While taking note of the disruptions and uncertainties during the drastic lockdown that was announced suddenly, it is argued that the vulnerabilities of the migrant labour force are deeply embedded in the long-term changes in the political economy of development in India. These changes, on the one hand, have resulted in the gradual weakening of state support to the working classes, and on the other, have resulted in the normalisation of ‘cheap labour’ as a legitimate objective of neoliberal capitalist development. Locating the conditions of the migrant working class on the specificities of the manifold restructuring of the Indian economy under neoliberal globalisation, the study attempts to emphasise the structural dimensions of the current crisis faced by the migrant labourers. JEL Codes: J46, J61, O15, O17, P16

scholarly journals On the Social Sustainability of Industrial Agriculture Dependent on Migrant Workers. Romanian Workers in Spain’s Seasonal Agriculture

2021 ◽  
Vol 13 (3) ◽  
pp. 1062
Author(s):  
Yoan Molinero-Gerbeau ◽  
Ana López-Sala ◽  
Monica Șerban
Keyword(s):  
Migrant Workers ◽  
Industrial Agriculture ◽  
Temporary Migration ◽  
Agricultural Work ◽  
2030 Agenda ◽  
Migrant Work ◽  
The Social ◽  
Migration Program ◽  
The Eu

Since the beginning of the 21st century, Romanian migrants have become one of the most significant national groups doing agricultural work in Spain, initially coming via a temporary migration program and later under several different modalities. However, despite their critical importance for the functioning of Europe’s largest agro-industry, the study of this long-term circular mobility is still underdeveloped in migration and agriculture literature. Thanks to extensive fieldwork carried out in the provinces of Huelva and Lleida in Spain and in the counties of Teleorman and Buzău in Romania, this paper has two main objectives: first, to identify some of the most common forms of mobility of these migrants; and second, to discuss whether this industrial agriculture, hugely dependent on migrant work, is socially sustainable. The case of Romanian migrants in Spanish agriculture will serve to show how a critical sector for the EU and for the 2030 Agenda for Sustainable Development of the United Nations, operates on an unsustainable model based on precariousness and exploitation.

Language competence, identity construction and discursive boundary-making: Distancing and alignment in domestic migrant worker narratives

2020 ◽  
Vol 2020 (262) ◽  
pp. 97-122 ◽  
Author(s):  
Hans J. Ladegaard
Keyword(s):  
Identity Construction ◽  
Migrant Workers ◽  
Global Economy ◽  
English Language ◽  
Migrant Worker ◽  
Theoretical Concept ◽  
The Philippines ◽  
Language Competence ◽  
Boundary Making

AbstractMany people in developing countries are faced with a dilemma. If they stay at home, their children are kept in poverty with no prospects of a better future; if they become migrant workers, they will suffer long-term separation from their families. This article focuses on one of the weakest groups in the global economy: domestic migrant workers. It draws on a corpus of more than 400 narratives recorded at a church shelter in Hong Kong and among migrant worker returnees in rural Indonesia and the Philippines. In sharing sessions, migrant women share their experiences of working for abusive employers, and the article analyses how language is used to include and exclude. The women tell how their employers construct them as “incompetent” and “stupid” because they do not speak Chinese. However, faced by repression and marginalisation, the women use their superior English language skills to get back at their employers and momentarily gain the upper hand. Drawing on ideologies of language as the theoretical concept, the article provides a discourse analysis of selected excerpts focusing on language competence and identity construction.

scholarly journals More Than a Passive Interest

2014 ◽  
Vol 48 (2) ◽  
pp. 417-443
Author(s):  
NIALL PALMER
Keyword(s):  
Republican Party ◽  
Turning Point ◽  
Black Americans ◽  
Presidential Leadership ◽  
Black And White ◽  
Wide Range ◽  
Black Voters

The defeat of the Dyer anti-lynching bill in 1922 was a turning point in relations between black Americans and the Republican Party. Little is understood, however, about the role played in the debates by President Warren Harding. This article contends that Harding's conflicted views on presidential leadership caused him to badly mishandle the bill. The President's inability to choose between a restrained and consensual “Whig” approach and a more active “stewardship” role on a wide range of issues resulted in an erratic and ultimately unsustainable style of leadership. The Dyer bill's failure was affected by this dilemma as the hopes of black and white reformers were alternately raised and dashed by Harding's apparent indecisiveness. Black resentment at the bill's ultimate defeat was thus heightened still further, with severe consequences for the Republican Party's long-term electoral relationship with black voters.

scholarly journals The business cycle: a definition

2021 ◽  
pp. 205-262
Author(s):  
Tuur Demeester
Keyword(s):  
Business Cycle ◽  
Jel Classification ◽  
Austrian School ◽  
Methodological Framework ◽  
The Core ◽  
Palabras Clave ◽  
The Business Cycle ◽  
Necessary And Sufficient ◽  
Counter Argument

The goal of this article is to properly define the economic phenomenon of the business cycle. The text is rooted in the tradition of the Austrian School of Economics, and the methodological framework builds on concepts developed by Aristotle and Thomas Aquinas. This leads to the development of a few new methodological concepts, such as a re-interpretation of «inflation» and «deflation», and the re-introduction of «imaginary goods» as an important social phenomenon. The core observation of the article is that the business cycle is in fact a subclass of another kind of cycle, the «fraud cycle». Our conclusion is that in order to produce a business cycle, the occurrence of institutional fraud in the sphere of money and banking are both necessary and sufficient. The counter-argument that honest banking can also produce business cycles is refuted in Appendix I. We believe this article is significant in two ways: 1) it provides an unambiguous recipe for the long term extermination of the business cycle; and 2) it helps expand the scope of the Austrian School beyond economics into fields of law and morality. Key words: Business Cycle, Fraud Cycle, Austrian School, money and banking. JEL Classification: B53, B49, D01, K13. Resumen: El objetivo de este artículo es definir apropiadamente el fenómeno económico del ciclo económico. El resto está enraizado en la tradición de la Escuela Austriaca de Economía, y el marco metodológico parte de los conceptos desarrollados por Aristóteles y Tomás de Aquino. Esto conduce al desarrollo de algunos conceptos metodológicos nuevos, tales como la reinterpretación de la «inflación» y la «deflación», y la reintroducción de los «bienes imaginarios» como un fenómeno social importante. La observación central de este artículo es que el ciclo económico es de hecho una subclase de otro tipo de ciclo, el «ciclo del fraude». Nuestra conclusión es que para producir un ciclo económico, la existencia de un fraude institucional en la esfera del dinero y la banca es una condición necesaria y suficiente. El Apéndice I refuta el contra-argumento de que una banca honesta también puede producir ciclos económicos. Creemos que este artículo es significativo por dos motivos: 1) ofrece una receta clara para la eliminación del ciclo económico; y 2) ayuda a expandir el ámbito de la Escuela Austriaca más allá del campo de la Economía hacia los campos del Derecho y la Moralidad. Palabras clave: Ciclo económico, ciclo del fraude, Escuela Austriaca, dinero y banca. Clasificación JEL: B53, B49, D01, K13.

Sign in / Sign up

Export Citation Format

Share Document