IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-50154-6_7.html
   My bibliography  Save this book chapter

Global Competition

In: Capitalism with Derivatives

Author

Listed:
  • Dick Bryan
  • Michael Rafferty

Abstract

It is now commonplace to identify ‘globalisation’ with a growth of competition. International trade generates spatially extensive competition between buyers and sellers. International investment sees corporations shifting to more profitable localities. There is competition between localities to attract investment, and competitive pressure on ‘local’ producers to be cost-competitive. This global mobility of investment and goods then has implications for labour. Some contend a productivity race, creating development and higher wages. Others see a race to the bottom, as low wage countries set the benchmarks to which wages in richer countries must gravitate. Clearly, competition is the central driving force of the global economy, for both capital and labour.

Suggested Citation

  • Dick Bryan & Michael Rafferty, 2006. "Global Competition," Palgrave Macmillan Books, in: Capitalism with Derivatives, chapter 7, pages 162-176, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50154-6_7
    DOI: 10.1057/9780230501546_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-50154-6_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.