IDEAS home Printed from https://ideas.repec.org/p/ris/duthrp/2018_003.html
   My bibliography  Save this paper

Perceiving Competitiveness under the Restructuring Process of Globalization

Author

Listed:
  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Deniozos, Nikolaos

    (National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Demertzis, Michail

    (Democritus University of Thrace, School of Law)

Abstract

Currently, it is becoming progressively clearer within the international scientific community that there is no narrow economic reasoning which could lead to an evolutionary conception of globalization. Under such circumstances, the contemporary globalization crisis emerges as a new center of research for all the converging socioeconomic sciences. The current article proposes a new analytical architecture to approach the current dynamics of globalization, by trying to comprehend the underlying evolutionary socioeconomic process and by placing the living capitalist firm as a central concept in this analytical framework. In particular, it conceptualizes the capitalistic enterprise as an open living system under a constant synthesis of Stra.Tech.Man terms (the interconnection between Strategy, Technology and Management). It studies business as an agent of action which both creates and is created by the socioeconomic environment within a continuously systemic process, while perceiving all the sectoral and cross-sectoral dynamics as dialectic agents of the globalizing evolution. Finally, we propose perceiving competitiveness as synthesis of business dynamics, socioeconomic spaces and sectoral structures in global level, and draw the conclusion that it is analytically useful and fruitful to understand competitiveness as an organic-strategic process.

Suggested Citation

  • Vlados, Charis & Deniozos, Nikolaos & Chatzinikolaou, Dimos & Demertzis, Michail, 2018. "Perceiving Competitiveness under the Restructuring Process of Globalization," DUTH Research Papers in Economics 3-2018, Democritus University of Thrace, Department of Economics.
  • Handle: RePEc:ris:duthrp:2018_003
    Note: International Journal of Business and Management, 13(8), 135–153, 2018
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3362077
    File Function: Full text
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Robert J. Gordon, 2016. "The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War," Economics Books, Princeton University Press, edition 1, number 10544.
    2. Brousseau,Eric & Glachant,Jean-Michel (ed.), 2002. "The Economics of Contracts," Cambridge Books, Cambridge University Press, number 9780521893138.
    3. Daron Acemoglu & David Autor & David Dorn & Gordon H. Hanson & Brendan Price, 2016. "Import Competition and the Great US Employment Sag of the 2000s," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 141-198.
    4. Nicholas Bloom & Raffaella Sadun, 2012. "The Organization of Firms Across Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(4), pages 1663-1705.
    5. Strange,Susan, 1996. "The Retreat of the State," Cambridge Books, Cambridge University Press, number 9780521564298.
    6. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    7. Olivier Cadot & Céline Carrère & Vanessa Strauss-Kahn, 2011. "Export Diversification: What's behind the Hump?," The Review of Economics and Statistics, MIT Press, vol. 93(2), pages 590-605, May.
    8. Oliver E. Williamson, 1999. "Strategy research: governance and competence perspectives," Strategic Management Journal, Wiley Blackwell, vol. 20(12), pages 1087-1108, December.
    9. Cesar A. Hidalgo & Ricardo Hausmann, 2009. "The Building Blocks of Economic Complexity," Papers 0909.3890, arXiv.org.
    10. Yann Algan & Pierre Cahuc & Andrei Shleifer, 2013. "Teaching Practices and Social Capital," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 189-210, July.
    11. Dani Rodrik & Arvind Subramanian & Francesco Trebbi, 2004. "Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development," Journal of Economic Growth, Springer, vol. 9(2), pages 131-165, June.
    12. Dominique Guellec, 2020. "Digital Innovation and the Distribution of Income," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, pages 323-370, National Bureau of Economic Research, Inc.
    13. Hodgson, Geoffrey M., 1998. "Competence and contract in the theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 35(2), pages 179-201, April.
    14. Williamson, Oliver, 2009. "The Theory of the Firm as Governance Structure: From Choice to Contract," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 111-134, December.
    15. repec:hal:spmain:info:hdl:2441/1mhdgtufmp9u2blp3nkko6i6f3 is not listed on IDEAS
    16. Zoltán J. Ács & Pontus Braunerhjelm & David B. Audretsch & Bo Carlsson, 2015. "The knowledge spillover theory of entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 7, pages 129-144, Edward Elgar Publishing.
    17. John H. Dunning & Sarianna M. Lundan, 2008. "Multinational Enterprises and the Global Economy, Second Edition," Books, Edward Elgar Publishing, number 3215.
    18. Audretsch, David B. & Lehmann, Erik E., 2005. "Does the Knowledge Spillover Theory of Entrepreneurship hold for regions?," Research Policy, Elsevier, vol. 34(8), pages 1191-1202, October.
    19. Daron Acemoglu & Gino Gancia & Fabrizio Zilibotti, 2015. "Offshoring and Directed Technical Change," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(3), pages 84-122, July.
    20. Hanson, Gordon H. & Lind, Nelson & Muendler, Marc-Andreas, 2015. "The Dynamics of Comparative Advantage," CAGE Online Working Paper Series 252, Competitive Advantage in the Global Economy (CAGE).
    21. Chavance, Bernard, 2012. "John Commons's organizational theory of institutions: a discussion," Journal of Institutional Economics, Cambridge University Press, vol. 8(1), pages 27-47, March.
    22. Lionel Fontagné & Pamina Koenig & Florian Mayneris & Sandra Poncet, 2013. "Cluster Policies And Firm Selection: Evidence From France," Journal of Regional Science, Wiley Blackwell, vol. 53(5), pages 897-922, December.
    23. Greif,Avner, 2006. "Institutions and the Path to the Modern Economy," Cambridge Books, Cambridge University Press, number 9780521671347.
    24. Eric Bartelsman & John Haltiwanger & Stefano Scarpetta, 2013. "Cross-Country Differences in Productivity: The Role of Allocation and Selection," American Economic Review, American Economic Association, vol. 103(1), pages 305-334, February.
    25. Raphaël Chiappini, 2014. "Persistence vs. mobility in industrial and technological specialisations: evidence from 11 Euro area countries," Journal of Evolutionary Economics, Springer, vol. 24(1), pages 159-187, January.
    26. Angela Cheptea & Lionel Fontagné & Soledad Zignago, 2014. "European export performance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(1), pages 25-58, February.
    27. Ufuk Akcigit & Salomé Baslandze & Stefanie Stantcheva, 2016. "Taxation and the International Mobility of Inventors," American Economic Review, American Economic Association, vol. 106(10), pages 2930-2981, October.
    28. Giovanni Dosi & Richard R. Nelson, 2000. "An Introduction to Evolutionary Theories in Economics," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 11, pages 327-346, Edward Elgar Publishing.
    29. Thomas Chaney, 2016. "Networks in International Trade," Post-Print hal-03259805, HAL.
    30. Pierre-Alexandre Balland & Ron Boschma & Koen Frenken, 2015. "Proximity and Innovation: From Statics to Dynamics," Regional Studies, Taylor & Francis Journals, vol. 49(6), pages 907-920, June.
    31. Guillaume Daudin & Christine Rifflart & Danielle Schweisguth, 2011. "Who produces for whom in the world economy?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(4), pages 1403-1437, November.
    32. Strange,Susan, 1996. "The Retreat of the State," Cambridge Books, Cambridge University Press, number 9780521564403.
    33. Lionel Fontagné & Julien Gourdon & Sébastien Jean, 2013. "Transatlantic Trade: Whither Partnership, Which Economic Consequences?," CEPII Policy Brief 2013-01, CEPII research center.
    34. Brousseau,Eric & Glachant,Jean-Michel (ed.), 2002. "The Economics of Contracts," Cambridge Books, Cambridge University Press, number 9780521814904.
    35. repec:zbw:bofrdp:2015_027 is not listed on IDEAS
    36. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    37. Carlino, Gerald & Kerr, William R., 2015. "Agglomeration and Innovation," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 349-404, Elsevier.
    38. North,Douglass C. & Wallis,John Joseph & Weingast,Barry R., 2009. "Violence and Social Orders," Cambridge Books, Cambridge University Press, number 9780521761734.
    39. Natalia Ramondo, 2015. "Innovation and Production in the Global Economy," 2015 Meeting Papers 183, Society for Economic Dynamics.
    40. Aqueil Ahmad, 2013. "New Age Globalization," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-31949-4, December.
    41. Hammer, Michael & Champy, James, 1993. "Reengineering the corporation: A manifesto for business revolution," Business Horizons, Elsevier, vol. 36(5), pages 90-91.
    42. Ha-Joon Chang, 2006. "Understanding the Relationship between Institutions and Economic Development: Some Key Theoretical Issues," WIDER Working Paper Series DP2006-05, World Institute for Development Economic Research (UNU-WIDER).
    43. Costinot, Arnaud & Rodríguez-Clare, Andrés, 2014. "Trade Theory with Numbers: Quantifying the Consequences of Globalization," Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 197-261, Elsevier.
    44. Harriss, John, 2002. "The Case for Cross-Disciplinary Approaches in International Development," World Development, Elsevier, vol. 30(3), pages 487-496, March.
    45. Katimertzopoulos, F. & Vlados, Ch., 2017. "Local Support Mechanisms for Entrepreneurship: The Approach of Local Development and Innovation Institutions," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 10(1), pages 30-41, March.
    46. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    47. B. Peters & Jon Pierre & Tiina Randma-Liiv, 2011. "Global Financial Crisis, Public Administration and Governance: Do New Problems Require New Solutions?," Public Organization Review, Springer, vol. 11(1), pages 13-27, March.
    48. Rodolphe Durand, 2000. "Entreprise et évolution économique," Post-Print hal-02298008, HAL.
    49. repec:zbw:bofrdp:urn:nbn:fi:bof-201512111472 is not listed on IDEAS
    50. Olivier Brossard & Inès Moussa, 2014. "The French cluster policy put to the test with differences-in-differences estimates," Economics Bulletin, AccessEcon, vol. 34(1), pages 520-529.
    51. Charalampos Michael Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Towards A New Approach of Local Development under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy," International Journal of Regional Development, Macrothink Institute, vol. 5(1), pages 1-1, December.
    52. Laura Alfaro & Andrew Charlton, 2013. "Growth and the Quality of Foreign Direct Investment," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 3, pages 162-204, Palgrave Macmillan.
    53. Stefano Breschi & Camilla Lenzi, 2015. "The Role of External Linkages and Gatekeepers for the Renewal and Expansion of US Cities' Knowledge Base, 1990-2004," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 782-797, May.
    54. North,Douglass C. & Wallis,John Joseph & Weingast,Barry R., 2013. "Violence and Social Orders," Cambridge Books, Cambridge University Press, number 9781107646995.
    55. João Amador & Sónia Cabral, 2016. "Global Value Chains: A Survey Of Drivers And Measures," Journal of Economic Surveys, Wiley Blackwell, vol. 30(2), pages 278-301, April.
    56. repec:dau:papers:123456789/4184 is not listed on IDEAS
    57. Olivier Brossard & Inès Moussa, 2014. "The French cluster policy put to the test with differences-in-differences estimates," Post-Print halshs-01228857, HAL.
    58. repec:hal:pseose:hal-00975554 is not listed on IDEAS
    59. Greif,Avner, 2006. "Institutions and the Path to the Modern Economy," Cambridge Books, Cambridge University Press, number 9780521480444.
    60. Ostrom, Elinor & Basurto, Xavier, 2011. "Crafting analytical tools to study institutional change," Journal of Institutional Economics, Cambridge University Press, vol. 7(3), pages 317-343, September.
    61. Vlados, Charis, 2005. "The Insertion of Greek Firms into Globalization: The Dynamics of the Triangle of Strategy, Technology and Management," DUTH Research Papers in Economics 1-2005, Democritus University of Thrace, Department of Economics.
    62. Crouch, Colin, 2005. "Capitalist Diversity and Change: Recombinant Governance and Institutional Entrepreneurs," OUP Catalogue, Oxford University Press, number 9780199286652.
    63. Wladimir Andreff, 2003. "Les multinationales globales," Post-Print halshs-00275225, HAL.
    64. Bernard Chavance, 2012. "John Commons's organizational theory of institutions: a discussion," Post-Print halshs-00733955, HAL.
    65. Lionel Fontagné & Pamina Koenig & Florian Mayneris & Sandra Poncet, 2013. "Cluster Policies And Firm Selection: Evidence From France," Journal of Regional Science, Wiley Blackwell, vol. 53(5), pages 897-922, December.
    66. Aqueil Ahmad, 2013. "Introduction The Meaning and Metaphors of New Age Globalization," Palgrave Macmillan Books, in: New Age Globalization, pages 1-15, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Charis Vlados & Dimos Chatzinikolaou & Michail Demertzis, 2019. "Policies to Foster Entrepreneurship: Elements from the European Experience in Micro-Meso-Macro Terms," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 69-89.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Charalambos Vlados & Fotios Katimertzopoulos, 2019. "The ¡°Mystery¡± of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 236-262, March.
    2. Ashok Chakravarti, 2012. "Institutions, Economic Performance and the Visible Hand," Books, Edward Elgar Publishing, number 14751.
    3. ROUGIER Eric, 2015. ""The parts and the whole”: Unbundling and re-bundling institutional systems and their effect on economic development," Cahiers du GREThA (2007-2019) 2015-12, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    4. Lucena-Piquero, D. & Vicente, Jérôme, 2019. "The visible hand of cluster policy makers: An analysis of Aerospace Valley (2006-2015) using a place-based network methodology," Research Policy, Elsevier, vol. 48(3), pages 830-842.
    5. Brousseau, Eric & Garrouste, Pierre & Raynaud, Emmanuel, 2011. "Institutional changes: Alternative theories and consequences for institutional design," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 3-19, June.
    6. Yochanan Shachmurove, 2012. "Failing Institutions Are at the Core of the U.S. Financial Crisis," PIER Working Paper Archive 12-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    7. Bluhm, Richard & Crombrugghe, Denis de & Szirmai, Adam, 2012. "Explaining the dynamics of stagnation: An empirical examination of the North, Wallis and Weingast approach," MERIT Working Papers 2012-040, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    8. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou, 2018. "Global Crisis, Innovation and Change Management: Towards a New Systemic Perception of the Current Globalization Restructuring," International Business Research, Canadian Center of Science and Education, vol. 11(8), pages 9-29, August.
    9. Mary Hallward-Driemeier & Gita Khun-Jush & Lant Pritchett, 2014. "Deals versus Rules: Policy Implementation Uncertainty and Why Firms Hate It," NBER Chapters, in: African Successes, Volume I: Government and Institutions, pages 215-260, National Bureau of Economic Research, Inc.
    10. Mike, Károly, 2016. "Merre vezessen a magyar kapitalizmus útja?. Látkép Ronald Coase világítótornyából [Which course for Hungary s capitalism?. A view from Ronald Coase s lighthouse]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 597-614.
    11. Radygin, Alexander & Simachev, Yury & Entov, Revold, 2015. "The state-owned company: “State failure” or “market failure”?1," Russian Journal of Economics, Elsevier, vol. 1(1), pages 55-80.
    12. Bluhm, Richard & Szirmai, Adam, 2012. "Institutions and long-run growth performance: An analytic literature review of the institutional determinants of economic growth," MERIT Working Papers 2012-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    13. Brousseau, Eric & Raynaud, Emmanuel, 2011. "“Climbing the hierarchical ladders of rules”: A life-cycle theory of institutional evolution," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 65-79.
    14. Iyigun, Murat & Rubin, Jared & Seror, Avner, 2021. "A theory of cultural revivals," European Economic Review, Elsevier, vol. 135(C).
    15. Raoul Beunen & Kristof Van Assche & Monica Gruezmacher, 2022. "Evolutionary Perspectives on Environmental Governance: Strategy and the Co-Construction of Governance, Community, and Environment," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    16. Yochanan Shachmurove, 2012. "Financial Crises And Econonomic Institutions An Institutional Account Of The Usa Financial Crisis," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 45-52.
    17. Norman Schofield, 2010. "Social orders," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(3), pages 503-536, March.
    18. Jean‐Michel Glachant, 2008. "La Deregulation Des Industries De Reseaux Comme Politique Institutionnelle De Creation De Marches Et De Mecanismes De Gouvernance," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 79(3‐4), pages 487-525, September.
    19. Koyama, Mark, 2016. "The long transition from a natural state to a liberal economic order," International Review of Law and Economics, Elsevier, vol. 47(S), pages 29-39.
    20. Bramoullé, Yann & Goyal, Sanjeev, 2016. "Favoritism," Journal of Development Economics, Elsevier, vol. 122(C), pages 16-27.

    More about this item

    Keywords

    competitiveness; globalization; innovation; interspatial development; Stra.Tech.Man analysis;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other

    Statistics

    Access and download statistics

    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:ris:duthrp:2018_003. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Periklis Gogas (email available below). General contact details of provider: https://edirc.repec.org/data/didutgr.html .

    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.