New neomercantilism as a challenge for a globalized economy

2021 ◽  
pp. 132-148
Author(s):  
I. S. Ivanchenko
Keyword(s):  
Author(s):  
Ronen Palan

The chapter addresses the nature of the power relationships between the business world and the state as seen from the perspective of a relatively new field of study called international political economy. Theories of corporate power in a globalized economy evolved along two parallel lines. On the one hand, the globalization literature of the 1990s has tended to assume there was a marked shift of power from states to markets. Recent literature questions these assumptions, not least in light of the experience of the great recession of 2007–2008. In parallel, conceptualization of power has evolved from relatively simplistic theories of relational power to theories of structural power and, increasingly, arbitrage power. Arbitrage power is the ability to arbitrate legal systems against each other, or against themselves, for pecuniary purposes.


2009 ◽  
Vol 23 (2) ◽  
pp. 133-137 ◽  
Author(s):  
Diego Matricano

The exploitation of knowledge and experience is increasingly important to companies operating in the globalized economy, faced with intense competition and striving to make headway in difficult markets. If such exploitation is important for existing companies, able to develop their own knowledge from previous experience, it is critical for new ventures that have no direct real-world experience on which to draw. Would-be entrepreneurs now operate in a very different business environment from that of their predecessors and they need new forms of entrepreneurship education and new methods of pre-launch trial and analysis for start-ups. The transition from ‘nature’ to ‘nurture’ in the approach to and perception of entrepreneurship, coupled with the increasingly engaged economic role of higher education institutions and research centres can be manipulated effectively to improve the prospects for success of high-expectation entrepreneurs. This article demonstrates how Curley and Formica's model of the experimental laboratory for would-be entrepreneurs responds to the new business environment and the new thinking.


2021 ◽  
pp. 95-122
Author(s):  
Karim Wagih Fawzi Youssef

Contemporary shopping malls in Egypt have created new public spaces for lifestyle and leisure, which complement the commercial logic of consumer behavior. Mega malls in Egypt are simultaneously merging shopping, leisure, and entertainment, creating an ambivalence. They are representations of the globalized economy, but also manifest a certain uniqueness through their typology, their mode of insertion in the urban fabric and the type of public spaces created in them. This paper traces four new typologies in the design of six mega shopping malls in Egypt, constructed since 2010, as they integrate new public gathering spaces for leisure, recreation, and entertainment. Data on the new malls in Egypt was collected from corporate websites and promotional brochures, Google Maps and Street View, TripAdvisor, social media websites, visitor comments and news articles. A key finding is the trend of integration of large outdoor recreational spaces such as courtyards and plazas in mall design, the inclusion of a water element for attraction as well as the transition in function from simply offering goods and services to one that offers experiences and events to encourage recurring visits to the mall. The transformation of the mall parallels changes in conceptualizing the city of the 20th century as a large marketplace, an emporium of consumption, to conceptualizing the city of the 21st century as a large theatre and a festive place.


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