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54081. Innovation and Social Capital in Silicon Valley

Author:
Martin Kenney and Donald Patton
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
The high cost regions of Europe, North America, and Japan recognize that the key to their economic vitality is innovation. Increasingly, many also accept that the primary units of competition based on high quality, innovative products are not nations, but firms within regions, some of which occasionally bridge national boundaries. This has resulted in a significant increase in interest in the nature and functioning of such regional economies, variously known as clusters or industrial districts.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, Europe, Israel, East Asia, and North America

54082. Sponsors, Communities and Standards: Winning in the Local Area Networking Business

Author:
Martin Kenney and Urs von Burg
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
Economics has treated technological standards creation as an outcome of network externalities and decisions on the demand side. They pay little attention to the supply side, where firms make strategi choices on which standard to support. These choices can ignite a contest between adherents to the different proposed standards. This case study examines the contest btween the Ethernet and Token Ring standards for local area networking. We find that the critical difference in explaining the success of Ethernet vibrancy was the nature and strategy of the standard's sponsors in assisting the growth of a community of firms supporting the standard.
Topic:
Economics, Industrial Policy, and Science and Technology
Political Geography:
United States

54083. Went for Cost, Stayed for Quality?: Moving the Back Office to India

Author:
Rafiq Dossani and Martin Kenney
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Berkeley Roundtable on the International Economy
Abstract:
Will the next great wave of globalization come in services? Increasingly, components of back-office services, such as payroll and order fulfillment, and some front-office services, such as customer care are being relocated from the U.S. and other developed countries to English-speaking, developing nations especially India, but also other nations such as the Phillipines. Though moving service activities offshore is not entirely new, the pace has of late quickened. The acceleration of this offshoring is intertwined, though not synonymous, with another phenomenon, namely an increasing willingness by firms to outsource what formerly were considered core activities. The importance of the fact that a substantial number of service activities might move offshore is that it was service jobs that were thought to be the future growth area for developed country economies as manufacturing relocated to lower labor cost regions offshore. This is especially important, because these services commonly known as "business processes" (BPs) are among the fastest growing job categories in the US (Goodman and Steadman 2002). Should these jobs begin to move offshore, a new tendency may be underway in the global economy that will be as important or more important than the relocation of manufacturing offshore, and might necessitate a rethinking of government policies across a wide spectrum.
Topic:
Economics, Globalization, and Industrial Policy
Political Geography:
United States, South Asia, and India

54084. The Spatial Distribution of Entrepeneurial Support Networks: Evidence from Semiconductor Initial Public Offerings from 1996-2000

Author:
Martin Kenney and Donald Patton
Publication Date:
03-2003
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Theory and recent research demonstrates that entrepreneurship is a spatially and socially embedded activity. In certain regions, dense support networks of institutions dedicated to assisting entrepreneurial start-ups have been established and a wide variety of authors have given credit to these networks for supporting regional entrepreneurship (Kenney and von Burg 1999; Saxenian 1994; Bahrami and Evans 2000). As Marshall (1890) recognized many, but not all, industries exhibit a strong clustering effect (see also, e.g., Storper and Walker 1988; Porter 1990; 1998). Research on these networks has been hampered by a lack of empirical data that contains spatial variables and identifies the relationship between various actors (i.e., venture capitalists, law firms and investment bankers) and the start-up firm. Thus research has been qualitative and anecdotal or when quantitative limited to certain industries usually biotechnology.
Topic:
Economics, International Trade and Finance, and Non-Governmental Organization
Political Geography:
United States

54085. Enron's Missed Opportunity: Enron's Refusal to Build a Collaborative Market Turned Bandwidth Trading Into a Disaster

Author:
Andrew Schwartz
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
Why did Enron fail? The easy answer is that Enron was a fraud, a Ponzi scheme designed to enrich scoundrels. But beneath the off-balance sheet transactions and partnerships that have drawn such intense scrutiny, Enron's efforts to reduce complex products into tradable commodities represented one of the most promising ideas of the past twenty-five years. Enron's failure was due in part to a business strategy that regarded competitors as ruthless and uncompromising. That mentality led the company to reject the very real possibility that rivals could, working together, create the new markets that in turn would open up profit opportunities for all. Enron's brilliant vision of the New Economy didn't go far enough; it required a New Economy business model that emphasized cooperation among competitors.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States

54086. Secrets or Shields to Share?: New Dilemmas for Dual Use Technology Development and the Quest for Military and Commercial Advantage in the Digital Age

Author:
Jay Stowsky
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
For a brief period in the early 1990's the U.S. Department of Defense pursued an R policy that was explicitly “dual-use,” funding projects aimed at simultaneously developing both military and civilian applications of the same underlying technologies. The policy emerged from more than a decade of bipartisan agitation in Congress and segments of the military-industrial establishment, spurred by a shared belief that more advanced technologies now “spun on” from civilian to military applications than “spun off” in the other direction (US Department of Defense, Office of the Undersecretary for Acquisition, 1987; Gansler, 1989; Alic et al., 1992; Stowsky 1992, 1999). With the end of the Cold War and mushrooming budget deficits constraining defense spending, Pentagon planners saw dual-use development as a strategy for improving efficiency and lowering costs as well as enhancing quality by enabling the construction of sophisticated weapons systems off a more integrated civil-military technology base (US Congress, Office of Technology Assessment, 1995; US Department of Defense, 1995).
Topic:
Defense Policy, Economics, and Science and Technology
Political Geography:
United States

54087. Executive Leadership and the Role of “Veto Players” in the United States and Germany

Author:
Ludger Helms
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
In recent comparative works on the constitutional structures of contemporary liberal democracies, the United States and Germany have been grouped together as examples of democratic systems with an exceptionally high degree of “institutional pluralism”. In other typologies both countries have even been classified as “semisovereign democracies”. Whereas such classifications are of some use, especially in the field of public policy research, they fail to pay reasonable attention to the fundamental difference between parliamentary and presidential government that dominated the older literature on comparative political systems. As the comparative assessments offered in this paper suggest, the difference between parliamentary government and presidential government does not only constitute very different conditions of executive leadership in the core executive territory and at the level of executive-legislative relations, but has also a strong impact on the role and performance of the various “veto players” that characterize the political systems of the United States and Germany, and which are at the center of this paper.
Topic:
Government and Politics
Political Geography:
United States, Europe, and Germany

54088. European Corporate Governance Reform and the German Party Paradox

Author:
Martin Höpner
Publication Date:
08-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This paper addresses the current discussion on links between party politics and production regimes. Why do German Social Democrats opt for more corporate governance liberalization than the CDU although, in terms of the distributional outcomes of such reforms, one would expect the situation to be reversed? I divide my analysis into three stages. First, I use the European Parliament's crucial vote on the European takeover directive in July 2001 as a test case to show that the left-right dimension does indeed matter in corporate governance reform, beside cross-class and cross-party nation-based interests. In a second step, by analyzing the party positions in the main German corporate governance reforms in the 1990s, I show that the SPD and the CDU behave “paradoxically” in the sense that the SPD favored more corporate governance liberalization than the CDU, which protected the institutions of “Rhenish,” “organized” capitalism. This constellation occurred in the discussions on company disclosure, management accountability, the power of banks, network dissolution, and takeover regulation. Third, I offer two explanations for this paradoxical party behavior. The first explanation concerns the historical conversion of ideas. I show that trade unions and Social Democrats favored a high degree of capital organization in the Weimar Republic, but this ideological position was driven in new directions at two watersheds: one in the late 1940s, the other in the late 1950s. My second explanation lies in the importance of conflicts over managerial control, in which both employees and minority shareholders oppose managers, and in which increased shareholder power strengthens the position of works councils.
Topic:
Democratization, Government, and Politics
Political Geography:
Europe and Germany

54089. Elements for a Structural Constructivist Theory of Politics and of European Integration

Author:
Niilo Kauppi
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Pierre Bourdieu's structural constructivist theory of politics offers powerful instruments for a critical analysis of political power. In this paper, I explore structural constructivism as a theory of politics and of European integration. By structural constructivism I refer to a mostly French research tradition that develops some of Bourdieu's theoretical tools. In European studies, social constructivism has provided an alternative to traditional approaches such as intergovernmentalism and neofunctionalism. Structural constructivism remedies some of the weaknesses of most versions of social constructivism, such as their diffuse conception of power and ideational notion of culture. This paper develops a structural constructivist approach that examines the European Union as a multileveled and polycentric emerging political field.
Topic:
International Organization and Politics
Political Geography:
Europe

54090. Hard and soft economic policy coordination under EMU: problems, paradoxes and prospects

Author:
Iain Begg
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Although the launch of the euro went better than many expected, sluggish growth, persistent unemployment and growing disenchantment with key elements of the economic governance system have led to demands for change, especially in policy coordination. This paper examines the criticisms of economic policy in the EU and the mechanisms through which it is coordinated, and considers how the EMU policy system might be reformed. It points to problems and paradoxes in the way economic governance operates, notably those surrounding its ability to deliver a coherent policy mix that brings together monetary fiscal and supply-side policies. The paper concludes with a discussion of whether gouvernment économique might offer a way forward.
Topic:
Economics and International Political Economy
Political Geography:
Europe