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Article
Publication date: 13 April 2015

Dennis R. Morgan

The aim of this paper is to test and explore the hypothesis global ruling power, as well as review the six approaches featured in the special edition on global governance/ruling…

Abstract

Purpose

The aim of this paper is to test and explore the hypothesis global ruling power, as well as review the six approaches featured in the special edition on global governance/ruling power.

Design/methodology/approach

Anthropological and historical records are presented as support for the emergence of ruling power in society; moreover, evidence of global ruling governance/power is reviewed in the six papers featured in the special edition.

Findings

Alternatives for global governance are reviewed in two papers, while four papers present evidence in support of the thesis of the emergence of a transnational ruling power/class.

Research limitations/implications

Because global ruling power exists informally and surreptitiously, the exact mechanisms of control are difficult to delineate, especially due to the fact that the Powers that Be spend much effort to block research into this area; however, this special edition opens up a promising area for new research efforts into global ruling power and the potential for global democracy.

Practical implications

Practical implications, although minimal in the short-term, increase as awareness grows, and policy alternatives are considered for the transition to a long-term, democratic global future.

Social implications

Once social consciousness grows about the non-democratic, authoritarian nature of global ruling power/elite, the more the momentum will grow for reforms in the direction of global democracy – towards a more sustainable and equitable global system, politically, economically and ecologically.

Originality/value

This paper represents a relatively new area for interdisciplinary research into global futures. Futurists, political scientists and sociologists should find it valuable.

Details

Foresight, vol. 17 no. 2
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 13 April 2015

Jerry Harris

The purpose of this paper is to explore how capitalism has developed into a deeply integrative economic system of financial investments and manufacturing. This process of…

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Abstract

Purpose

The purpose of this paper is to explore how capitalism has developed into a deeply integrative economic system of financial investments and manufacturing. This process of globalization has brought about the emergence of a transnational capitalist class that rules the world’s economy. Financialization, created by the speed and interconnectivity of information technologies, is a key element that has produced immense wealth for a few while reducing their dependence on the labor of workers. This system of global accumulation has lead to a crisis of democracy with several different possible outcomes.

Design/methodology/approach

This paper begins with an historical examination of capitalism and capitalist class formation by tracing developments from nation-centric capitalism to globalization. A conceptual explanation of the development of the transnational capitalist class (TCC) is offered. Research on current economic data to support the thesis on the emergence of the TCC in both its private and statist forms is included, as well as an examination of the latest technology developments that affect financialization and how this impacts class relations. The conclusion analyzes the development of democracy as a class dialectic, and the impact of globalization that is altering the historic relationships between capital and labor. The paper ends with a discussion of possible political/economic futures.

Findings

Globalization is a new era in which capitalism has deepened its inherent tendency toward creating world markets and production. This process has been greatly enhanced by the new technological tools of financial production. Organizing and overseeing this system of global accumulation is the transnational capitalist class. The emergence of this class has transformed class relations based within the historic perimeters of nation-states, and it threatens the content and character of democracy that arose out of the bourgeois democratic revolutions in America and France.

Originality/value

Transnational Capitalist Class Theory is a recently developed field of research. It is a new critic of mainstream international relations analysis which centers on nation to nation relationships. It also differs with world system theory which divides countries into a center/peripheral analysis. Within the field of TCC research, this paper offers an original historic perspective between global economics and the development of democracy. It also makes new theoretical connections between information technology, financialization and the destruction of the social contract.

Book part
Publication date: 22 September 2015

James Parisot

This paper situates geopolitical economy in light of a broader rethinking of the history of capitalism and international power. It discusses why the ideas of British and American…

Abstract

This paper situates geopolitical economy in light of a broader rethinking of the history of capitalism and international power. It discusses why the ideas of British and American hegemony are problematic. Specifically, it argues that categorizing these powers as hegemonic leaves out a more complex history that theories of hegemony have excluded, and cannot include, else the concept of hegemony would collapse. Finally, I suggest geopolitical economy may be a starting point for writing a new history of capitalism and world order.

Details

Theoretical Engagements in Geopolitical Economy
Type: Book
ISBN: 978-1-78560-295-5

Keywords

Book part
Publication date: 26 April 2014

Nikolaos Giannellis and Georgios P. Kouretas

The aim of this study is to examine whether China’s exchange rate follows an equilibrium process and consequently to answer the question of whether or not China’s international…

Abstract

Purpose

The aim of this study is to examine whether China’s exchange rate follows an equilibrium process and consequently to answer the question of whether or not China’s international competitiveness fluctuates in consistency with equilibrium.

Design/methodology/approach

The theoretical background of the paper relies on the Purchasing Power Parity (PPP) hypothesis, while the econometric methodology is mainly based on a nonlinear two-regime Threshold Autoregressive (TAR) unit root test.

Findings

The main finding is that China’s price competitiveness was not constantly following a disequilibrium process. The two-regime threshold model shows that PPP equilibrium was confirmed in periods of relatively high – compared to the estimated threshold – rate of real yuan appreciation. Moreover, it is implied that the fixed exchange rate regime cannot ensure external balance since it can neither establish equilibrium in the foreign exchange market, nor confirm that China’s international competitiveness adjustment follows an equilibrium process.

Practical implications

The results do not imply that China acts as a currency manipulator. However, a main policy implication of the paper is that China should continue appreciating the yuan to establish external balance.

Originality/value

This paper is the first which accounts for a nonlinear two-regime process toward a threshold, which is defined to be the rate of change in China’s international competitiveness. Consequently, the paper draws attention to the role of China’s international competiveness in accepting the PPP hypothesis.

Details

Macroeconomic Analysis and International Finance
Type: Book
ISBN: 978-1-78350-756-6

Keywords

Book part
Publication date: 17 November 2005

Andrew Schrank

This paper documents and accounts for the globalization of the so-called national bourgeoisie in the late twentieth century. A substantial and growing body of sociological…

Abstract

This paper documents and accounts for the globalization of the so-called national bourgeoisie in the late twentieth century. A substantial and growing body of sociological literature holds that firms and investors from the developing world have been denationalized, neutered, or destroyed by their efforts to penetrate international markets – and that cross-national economic competition is therefore giving way to transnational class conflict over time. By way of contrast, I hold that not only peripheral capitalists but their elected and appointed representatives are compelled to undertake large-scale, fixed investments, exploit their competitive advantages, and challenge foreign firms – and their respective representatives – on their own soil by the very logic of capitalist competition, and that the aforementioned challenges will occur on political as well as economic terrain.

Details

New Directions in the Sociology of Global Development
Type: Book
ISBN: 978-1-84950-373-0

Book part
Publication date: 14 December 2017

Eric S. Brown

This paper analyzes the connection between black political protest and mobilization, and the rise and fall of a black urban regime. The case of Oakland is instructive because by…

Abstract

This paper analyzes the connection between black political protest and mobilization, and the rise and fall of a black urban regime. The case of Oakland is instructive because by the mid-1960s the ideology of “black power” was important in mobilizing two significant elements of the historically disparaged black community: (1) supporters of the Black Panthers and, (2) neighborhood organizations concentrated in West Oakland. Additionally, Oakland like the city of Atlanta also developed a substantial black middle class that was able to mobilize along the lines of its own “racialized” class interests. Collectively, these factors were important elements in molding class-stratified “black power” and coalitional activism into the institutional politics of a black urban regime in Oakland. Ultimately, reversal factors would undermine the black urban regime in Oakland. These included changes in the race and class composition of the local population: black out-migration, the “new immigration,” increasing (predominantly white) gentrification, and the continued lack of opportunity for poor and working-class blacks, who served as the unrequited base of the black urban regime. These factors would change the fortunes of black political life in Oakland during the turbulent neoliberal era.

Details

On the Cross Road of Polity, Political Elites and Mobilization
Type: Book
ISBN: 978-1-78635-480-8

Keywords

Article
Publication date: 1 April 2005

Kerry Jacobs

This paper explores the role of accounting in a religious setting and evaluates the sacred‐secular divide developed by Laughlin and Booth who suggested that accounting is…

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Abstract

Purpose

This paper explores the role of accounting in a religious setting and evaluates the sacred‐secular divide developed by Laughlin and Booth who suggested that accounting is antithetical to religious values, embodying the secular as opposed to the sacred. Yet Christian thinkers such as Wesley and Neibuhr reject this position and indicate the accounting and financial issues do not necessarily conflict with religious values.

Design/methodology/approach

This paper explores narratives drawn from the Church of Scotland, the life and practices of Charles Wesley and the Christian doctrine of stewardship as a way of determining the verisimilitude of the “accounting as secular” claim.

Findings

These accounts and individual perceptions drawn from the Church of Scotland were more consistent with the concept of a jurisdictional conflict between accountants and clergy than a sacred‐secular divide. The life of John Wesley and the doctrine of stewardship show that accounting can be part of practices of spirituality. Sacred or secular accounting was found to be an issue of perception.

Research limitations/implications

There is scope for future research into perceptions of accounting and the role(s) of accounting in sacred spaces.

Originality/value

This paper highlights the sacred role and aspects to accounting.

Details

Accounting, Auditing & Accountability Journal, vol. 18 no. 2
Type: Research Article
ISSN: 0951-3574

Keywords

Article
Publication date: 1 January 1995

James Rettig

It all began a very long time ago, sometime before 1876, that annus mirabilis of librarianship during which the American Library Association was founded, Library Journal debuted…

Abstract

It all began a very long time ago, sometime before 1876, that annus mirabilis of librarianship during which the American Library Association was founded, Library Journal debuted, and Samuel Green published in its pages the first article about reference librarianship. And it continues today. In April 1994, an unidentified library school student from the State University of New York at Buffalo queried the participants of the LIBREFL listserv, asking them, “Can you give a summary of the ‘hot’ library reference issues of the week? I'm working on a project for my Reference course, and would like to find out what is REALLY vital to refernce (sic) librarians out there today.” I was tempted to reply that all of that week's “hot” issues were identified in Green's 1876 article. In that article describing the phenomenon we today call reference service, Green touched on issues such as the librarian's obligation to provide information without injecting personal values, the inability of any librarian to know everything, the need sometimes to refer a patron to another information agency, SDI services, the value of proactive rather than passive service, the challenges of the reference interview, and, of course, what has come to be called the “information versus instruction debate.”

Details

Reference Services Review, vol. 23 no. 1
Type: Research Article
ISSN: 0090-7324

Abstract

Details

Legal Professions: Work, Structure and Organization
Type: Book
ISBN: 978-0-76230-800-2

Article
Publication date: 28 October 2013

Barry Barnes, John H. Humphreys, Jennifer D. Oyler, Stephanie S. Pane Haden and Milorad M. Novicevic

Although communal forms of leadership are being called for to provide contemporary organizations with more responsive leadership platforms, the paper can find no compelling…

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Abstract

Purpose

Although communal forms of leadership are being called for to provide contemporary organizations with more responsive leadership platforms, the paper can find no compelling description as to how such leadership might develop in a world of hierarchy. The purpose of this paper is to fill this void.

Design/methodology/approach

Attempting to comprehend the sharing of leadership will require contemplation of unconventional approaches in opposition to the dominant logic associated with conventional organizational leadership. One current example of such unorthodox deliberation is the emerging awareness of the Grateful Dead's influence on business management and leadership. Accordingly, the paper examined and interpreted the experiences and expressed beliefs of Jerry Garcia of the Grateful Dead to offer a conceptualization of how shared leadership could emerge in traditional organizational settings.

Findings

The analysis indicates that Jerry Garcia exhibited aspects of transformational leadership, servant leadership, and authentic leadership that allowed him to influence the environment needed for the emergence of shared leadership.

Research limitations/implications

As a single case study, the primary limitation is one of generalizability. The paper accepts the trade-off, however, due to the significant conceptual insights available with a case methodology.

Practical implications

Without greater understanding of how shared leadership might unfold practitioners will assume the construct of shared leadership is laudable but naïve. The paper must begin developing plausible conceptualizations if the notion of sharing leadership is to be taken more seriously in organizations.

Originality/value

The paper offers a counterintuitive, counterculture conceptualization of how shared leadership could emerge and flourish in traditional hierarchical settings.

Details

Leadership & Organization Development Journal, vol. 34 no. 8
Type: Research Article
ISSN: 0143-7739

Keywords

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