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Globalization, Institutions and Socio-Economic Performance

Macro and Micro Perspectives

by Ertuğrul Yıldırım (Volume editor) Hamza Çeştepe (Volume editor)
Conference proceedings 374 Pages

Summary

The volume offers a multidisciplinary approach focusing on the core concepts of globalization, institutions and socio-economic performance.
It consists of two parts: (i) Globalization and its Effects, (ii) Institution and Socio-Economic Performance. Nine chapters in the first part concentrate on the definition of globalization, approaches to globalization, effects of globalization and various issues related to globalization such as global business ethics, carbon tax, public administration reforms, state spending, exports, tourism and foreign direct investment. The second part of the book deals with institutional economics, organizational culture and socialization, an organization of Akhism, institutional quality and foreign direct investment, economic freedom and innovation, the role of technoparks, the effects of Industry 4.0 and the relationship between sustainable development and health.

Table Of Content

  • Cover
  • Title Page
  • Copyright Page
  • About the editors
  • About the book
  • Citability of the eBook
  • Foreword
  • Contents
  • About the Authors
  • Introduction
  • Part I Globalization and its Effects
  • Globalization and the Impact of Globalization on Institutions: A Conceptual Approach
  • Introduction
  • Definition of Globalization
  • Approaches to Globalization
  • The Approach of Hyper-Globalization
  • Skepticism
  • Transformism
  • The Effect of Globalization on Nation-States and Institutions
  • Conclusion
  • Financial Globalization
  • Introduction
  • Globalization
  • Economic Globalization
  • Globalization of Trade
  • Globalization of Investment and Production
  • Fiscal Globalization
  • Financial Globalization
  • 1994–1995 Mexican Crisis
  • 1997–1998 Global Financial Crisis
  • Systemic Crisis Caused by Derivatives Market
  • Instead of Conclusion: Critiques of Globalization
  • Global Formulation of Business Ethics
  • Background
  • Global Ethics
  • The Ethical Concept
  • Contributing Factors of Global Ethics (1970–2020)
  • Globalization and Ethics
  • Is Global Ethics Possible?
  • Global Business Ethics
  • Business Ethics
  • Global Value of Business Ethics
  • Views on the Requirement of Global Business Ethics
  • Caux Round Table
  • Ethics Formulation
  • Who is the Addressee of Global Ethics?
  • Effectuation or Practicality of Global Ethics
  • Considerations to Take Steps in Global Business Ethics
  • Application Examples
  • Monitoring the Compliance with the Ethical Values
  • Critical Views on Global Ethics Formulation
  • Our Remarks
  • Economic Analysis of Carbon Tax: Panel Causality Test
  • Introduction
  • The Use of Energy and Climate Change Prevention: Carbon Tax
  • Literature Review
  • Data Set
  • Methodology
  • Cross-Sectional Dependence Test
  • Panel Unit Root Test
  • Dumitrescu and Hurlin Causality Test
  • Empirical Findings
  • Cross-Sectional Dependence Test Results
  • Panel Unit Root Results
  • Dumitrescu and Hurlin (2012) Test Results
  • Conclusion
  • Globalization, Reform in Public Administration and Strategic Management Practices in Turkey
  • Introduction
  • Aim and Method
  • Strategy, Strategic Planning and Strategic Management
  • Elements, Features and Stages of Strategic Management
  • Strategic Management in Public Administration and Turkish Public Administration
  • Findings of Strategic Management Application Examples
  • Ministry of Health
  • Ministry of Environment and Urbanization
  • Bayburt University
  • Giresun University
  • Strategic Management Interview Results
  • Results and Conclusion
  • Globalization and State Spending in Turkey
  • Introduction
  • Functions of the State and State Spending in FCS
  • Analyzing the State Spending in Turkey
  • Decomposition of Central Government Budget Expenditures
  • Empirical Analysis
  • Evaluating the Results
  • Global Capital Accumulation versus Global Legitimization
  • Conclusion
  • Determining Factors of Export Performance in Furniture Industry: An Application on Turkey
  • Introduction
  • Furniture Exports Determiners
  • The Condition of the Furniture Industry in the World
  • Condition of Furniture Industry in Turkey
  • Literature Survey on Factors Affecting Furniture Exports
  • A Survey on Factor Determinants Affecting Exports in Turkey
  • Material and Method
  • The Differences of Exporting Firms in terms of Dimensions
  • Evaluation of Relations between Dimensions for Exporting/Non-exporting Firms
  • Conclusion and Evaluation
  • Impact of Market Orientation on Customer Performance and Financial Performance: Findings from Five-Star Hotels
  • Introduction
  • Theoretical Framework
  • Development of Research Hypotheses
  • Method
  • Population and Sample
  • Data Collection Instruments
  • Data Collection and Analysis
  • Findings
  • Characteristics of Respondents and Hotels
  • Exploratory Factor Analysis
  • Confirmatory Factor Analysis
  • Testing the Proposed Model
  • Conclusion and Recommendations
  • Effectiveness Analysis of Outward Foreign Direct Investment of Turkey in Banking Sector
  • Introduction
  • Outward Foreign Direct Investment of Turkey
  • Internationalization of Turkish Banking Sector
  • Methodology
  • Conclusion
  • Part II Institutions and Socio-economic Performance
  • The Roles of Habits and Instincts in Formation of Institutions in Veblen’s Analysis
  • Introduction
  • Veblen’s Conception of Economics
  • Institutions, Habits, and Instincts in Veblen’s Analysis
  • Concluding Remarks
  • An Evaluation of the Organizational Culture and Its Relationship to Performance in Public Institutions
  • Introduction
  • Culture and Organizational Culture
  • The Elements of Organizational Culture
  • Organizational Culture Models
  • Characteristics and Importance of Organizational Culture
  • The Concept of Performance and Its Importance
  • Factors Affecting Performance
  • Organizational Culture and Performance Relationship
  • Evaluation of Organizational Culture and Its Relationship to Performance in a Public Institution
  • The Purpose and Importance of Research
  • Method
  • Findings
  • Result
  • Organizational Socialization with the Organizational Tenure Perspective
  • Introduction
  • Organizational Socialization
  • Organizational Demography
  • How Does Organizational Socialization Differentiate with respect to Organizational Tenure?
  • Research in Turkey
  • Sampling and Method
  • Measurement
  • Findings
  • Demographic Information
  • Reliability and Validity of Scales
  • Significant Effects
  • Result and Discussion
  • Relationship between Entrepreneurship and Organization of Akhism
  • Introduction
  • Entrepreneurship
  • Entrepreneurship and Entrepreneurs
  • Characteristics of Entrepreneurs
  • Types of Entrepreneurship
  • Factors Influencing and Determining Entrepreneurship
  • Organization of Akhism
  • Entrepreneurship in the Organization of Akhism
  • Conclusion and Discussion
  • Globalization, Institutional Quality and Foreign Direct Investment: Panel Data Analysis for Developing Countries
  • Introduction
  • Theoretical Framework
  • Empirical Literature
  • Empirical Analysis
  • Conclusion
  • Relationship Between Economic Freedom and Innovation: Panel Data Analysis
  • Introduction
  • Economic Freedom and Innovation
  • Literature Review
  • Methodology and Data
  • Findings
  • Conclusion
  • The Role of Technoparks in Socio-Economic Development: Analysis of Current Situation in Turkey
  • Introduction
  • Technopark Concept and Its Purpose
  • Benefits of Technoparks and Success Criteria
  • Benefits to Entrepreneurs
  • Benefits to University
  • Benefits to the Region
  • History of Technoparks and Technoparks in the World
  • Technoparks in Turkey
  • Studies on Technoparks in Turkey: Literature Research
  • Conclusion
  • The Effects of Industry 4.0 on Human Resources Management
  • Introduction
  • Overview of Industrial Revolutions
  • First Industrial Revolution
  • Second Industrial Revolution
  • Third Industrial Revolution
  • New Revolution: Industry 4.0
  • Distinctive Features of Industry 4.0
  • Concepts Related to Industry 4.0
  • 3D Printers
  • Internet of Objects
  • Virtual Reality
  • Smart Factories
  • Cyber-Physical Systems
  • Big Data
  • Smart Robots
  • Simulation
  • Horizontal and Vertical Integrations
  • Cloud Computing Systems
  • Compliance of Companies to Industry 4.0
  • The Impact of Industry 4.0 and Human Resources Management
  • Strategic Perspective
  • Employment
  • Performance Management
  • Reaching the Talent
  • Training
  • Data-Based Management
  • Protection of Information
  • Working Environments
  • Social Media
  • Business and Life Balance
  • Status of Businesses Prepared for Industry 4.0
  • Results
  • Conclusion and Evaluation
  • Investigation of the Relation Between Sustainable Development and Health by Canonical Correlation Analysis
  • Introduction
  • Method
  • Aim and Importance of the Research
  • Universe and Sample of the Research
  • Research Variables
  • Analysis of the Data and the Method Used
  • Findings
  • Discussion and Conclusion

About the Authors

Dr. Ertuğrul Yıldırım graduated from Karaelmas University, Faculty of Economics and Administrative Sciences, Department of Economics. He graduated from Social Sciences Institute of the same university with a master’s degree in economics. Yıldırım acquired a PhD degree in economics, Erciyes University, Turkey. He acquired Associate Professor degree in international economics from Inter-University Council of Turkey. His research interests are international political economy, energy economics, globalization, regionalization, international trade, and economic growth. He is working as associate professor at Zonguldak Bulent Ecevit University.

Prof. Dr. Hamza Çeştepe is a full professor of economics. He received a BA and a PhD in economics from Istanbul University. He is currently a professor at Bulent Ecevit University, Faculty of Economics and Administrative Sciences, Department of Economics. He teaches undergraduate and graduate courses in international economics. He is also Head of Department of Economics. His research interests include international trade and finance, world economy, and economic integration.

Neslihan Ursavaş is a research assistant at the Economics Department at Bulent Ecevit University. She graduated from Akdeniz University in 2010. And then she graduated with a master’s degree in economics from Bülent Ecevit University in 2015. She has been doing a doctorate at Bulent Ecevit University. Her research interests include energy economics, institutional economics, and globalization.

Prof. Dr. Famil Şamiloğlu: In 1997, he was appointed as Assist. Assoc. Dr. at the Faculty of Economics and Administrative Sciences, Department of Business at Niğde University; and he received his title of Associate Professor in 2005 and his title of Professor in 2010. He has published nearly 50 articles in the field of finance, his scientific papers have been published in nearly 40 national and international congresses, and has published five books. He was awarded by MUFAD magazine, which is a member of the Association of Accounting and Finance Teaching Members, because of being one of the four academicians who published the most articles in last ten years, in 2009. Prof. Famil Şamiloğlu is still working and serving as the Dean of Muğla Sıtkı Koçman University, Faculty of Economics and Administrative Sciences.

Dr. Haşim Bağcı: In 2008, he graduated from Dokuz Eylül University’s business program. Then he completed his master’s program in 2013. His thesis was a ←9 | 10→compareative study of the performance of commercial banks and participation banks using the Topsis method. In 2017, he completed his PhD program. His dissertation examined the relationship among financial development, oil prices, and oil consumption. Haşim BAĞCI, who is a doctor in the field of finance, has about 10 articles, 30 proceedings, 2 book chapters, and 46 citations. He has worked on all areas of finance like financial performance, financial literacy, financial development and behavioral finance.

Yunus Emre Kahraman graduated from the Social Sciences Institute, Faculty of Economics and Administrative Sciences, from Anadolu University in 2012. He graduated with a master’s degree in business administration, Graduate of Social Sciences Institute, from Muğla Sıtkı Koçman University in 2015. Since 2016, he has been pursuing his PhD in accounting and finance in the Social Sciences Institute at Muğla Sıktı Koçman University. Yunus Emre Kahraman, up to now, has published five articles in the field of finance and attended 20 national and international congresses.

Dr. Yusuf Esmer graduated from Dokuz Eylul University, Faculty of Economics and Administrative Sciences, Department of Business Administration in 2008. In 2011, he graduated from Süleyman Demirel University, Social Sciences Institute, with a master’s degree in business administration. In 2009–2011, he worked as a service assistant at T.C. Ziraat Bank Inc. Since 2011, In 2011–2018 he worked as a lecturer at Sinop University Tourism and Hotel Management Program. Since 2018, he has been working as Assistant Professor Doctor in Department of Management Information Management Systems at Bayburt University. He obtained his doctorate in business administration from Mehmet Akif Ersoy University, Institute of Social Sciences, in 2017. He speaks English and Greek at the intermediate level. He continues to work in business administration, management-organization, organizational behavior, banking, and finance. He is married and has one child. E-mail: yesmer@bayburt.edu.tr

Öznur Yavan is a member of the Faculty of Economics and Administrative Sciences at Bülent Ecevit University. She did her master’s and PhD degrees in the business field. She worked in a secretarial position at the International Journal of Management, Economics, and Business in between 2006–2014. She has been performing editorship of the aforementioned journal in the field of management and organization. Her area of interests intensely includes management, organizational behavior, organization psychology, and strategic management. She teaches business science, human resource management, and behavioral sciences.←10 | 11→

Dr. Asuman Koç Yurtkur is serving as a lecturer in the Department of Economics at Bulent Ecevit University. She graduated from Gazi University in 2002. In 2005, she completed her master’s from Bulent Ecevit University. She received her PhD from İstanbul University in 2012. Since 2013, she has taught economics, monetary theory and politics, economic policy, and microeconomics at Bulent Ecevit University. At the same time, she has also published various articles and papers on various economic issues, especially macroeconomics, energy economics, and economics schools.

Esmeray Alacadağlı is the head of the Public Administration Department at Bayburt University’s Faculty of Economics and Administrative Sciences since 2016. In 2106, she received the “The Institutional Performance Support Award” from Bayburt University. She has a master’s degree ın the field of public administration from the Public Administration Institute for Turkey and the Middle East. She received a PhD in the field of environment and urbanization from Ankara University, Turkey in 2004. Her main research fields are the environment, health, public administration, urbanization, total quality management, migration, industrialization, and reorganization.

Yasemin Mamur Işıkçı is a Assoc. Professor at Giresun University Faculty of Economics and Administrative Sciences, Political Sciences and Public Administration Department. Her research interests are child rights policy, social rights, public policy analysis, public administration restructuring, rural development and woman rights policies.

Erol Işıkçı graduated from System Engineering programme in 1997 and was awarded his PhD degree in Business Administration in 2013. He works in the Ministry of National Defense. His research interests are strategy, management, public, administration, total quality management, large-scale organizational change, foreign trade.

Seda Canpolat Bıcakcı is a research assistant at Ankara University, Faculty of Political Sciences. She graduated from Ankara University, Faculty of Political Sciences, Public Finance Department, in 2005, and received her master’s degree in public finance (public economics) from Ankara University, Institute of Social Sciences in 2009. She continues her research as a PhD candidate in the same program. Her research interests are state budget, fiscal sociology, and political economy.

Assoc. Prof. Dr. Alper Aytekin is working as a lecturer in Bartın University, Management Information Systems Department (2008–2018). He received a ←11 | 12→bachelor’s degree in forest industry engineering and business administration. He did his PhD in the field of forest industry. His second doctorate continues work on numerical methods in the field of business administration. He is a computer programmer. He knows programming languages such as Basic, Pascal, Delphi, Visual Basic, C, C ++, C #, Java, and Android mobile programming. In addition, he is also working on Management Information Systems, Knowledge Management, Data Base Management. Currently, he is in charge of the department chair in the Department of Management Information Systems.

Dr. Mehmet Pekkaya acquired bachelor’s degree both in physics, Bogaziçi University, Turkey, Educational Faculty (1990–1995), and in business administration, Anadolu University, Turkey, Business Faculty (2005–2009). He received his master’s (2000–2002) and Ph.D. degrees (2006–2011) in business administration, Bülent Ecevit University, Turkey, Graduate School of Social Sciences. He acquired Associate Professor degree from Inter-University Council of Turkey in September 2015 on numerical decision methods/statistics-operation research. Academic positions held by him are in BEU, Business Administration Department as an instructor (2000–2011), assistant professor (2011–2015) and associate professor (2015–…). His research interests are multi-criteria decision-making, statistical analysis, time series methods, and portfolio optimization.

Dr. Fatma Sönmez Çakır is working as a lecturer in Bartın University, Management Information Systems Department (2009–2018). Her areas of expertise are multi-criteria decision-making, numerical decision techniques, artificial neural networks, and expert systems. She completed her master’s and doctoral studies in the field of Numerical Methods of Business Administration. In January 2018, she graduated from Gebze Technical University’s PhD program with the model named “Financial Time Series Estimation with Model Hybridization” and won the doctor title.

Dr. Yusuf Bilgin has been working in the Department of Tourism and Business Administration at the Faculty of Economics and Administrative Sciences at Bartın University since 2016. He graduated from Akçakoca School of Tourism and Hotel Management at Abant İzzet Baysal University in 2009. He completed his master’s degree in the Department of Tourism Management in 2011 and a doctoral degree in the Department of Business Administration in 2015 from Düzce University, Institute of Social Sciences. He worked as a research assistant at Akçakoca School of Tourism and Hotel Management between 2009 and 2015. He is a member of the Association of Marketing and Marketing Research. His research interests include service marketing, marketing strategies, and positioning.←12 | 13→

Dr. Ayhan Karakas is an assistant professor at Bartın University. He graduated from Gazi University, Department of Tourism Management. He has a doctorate in business administration from Dicle University. He is Deputy Director at Bartın University, Institute of Social Sciences, for the period 2015-2018. In 2015, he was Head of Department of Tourism Management, Faculty of Economics and Administrative Sciences, Bartın University. His research areas are tourism management and organizational behavior.

Dr. Ilkut Elif Kandil Goker is an assistant professor at the Department of Accounting-Finance, Faculty of Economics and Business Administration, Kirikkale University. She wrote her MA and PhD theses on finance. She was awarded a scholarship from The Scientific and Technological Research Council of Turkey. She has been working in Kirikkale University from 2006 to the present. She lectures on the following disciplines: Financial Management, Financial Statement Analysis, International Finance. She is currently working on risk-taking behavior of banks.

Hüsnü Bilir is an assistant professor at Aksaray University. He graduated with an MA in economic theory from Gazi University in 2011. Then he received his PhD in economics from Gazi University in 2017. He has also been working at Aksaray University since 2011. He has taught Applications in Economics II, Globalisation and Economic Crises and Philosophy of Sport and Olympism at Aksaray University. His research interests include the history of economic thought, economic sociology, heterodox economics, economic methodology, and neuroeconomics.

Assoc. Dr. Öznur Bozkurt received a doctoral degree in management and organization at Sakarya University in 2009. She investigated the relationship between internal entrepreneurship and innovation in his doctoral thesis. In 2010, she started as an assistant professor in the Düzce University School of Tourism and Hotel Management. She lectured in entrepreneurship, management, and human resources management. She has been a manager in the same school for three years. She left her manager role in 2014 and started at Düzce University Faculty of Business Administration. In 2017, she got a title of associate professor in the field of management and strategy. She is currently working at Düzce University Faculty of Business Administration. She lectures in management and organization, human resource management and entrepreneurship, and has many national and international publications in the same field. She conducts projects in the field of entrepreneurship (TUBITAK and BAP, by other name scientific research project).←13 | 14→

Lecturer Irfan Yurt graduated from The School of Tourism and Hotel Management at Erciyes University in Nevsehir. Yurt completed her master’s at Duzce University, Department of Tourism and Hotel Management in 2012. He worked as a clerk in the Credit and Dormitory Institution between 2009 and 2016. In 2016, he started to work at Karabük University Safranbolu Vocational High School as Lecturer. In 2017, he started his PhD education in Karabük University, Institute of Social Sciences Business Administration, and it continues. He is still working as a lecturer at Karabük University Safranbolu Vocational High School. His academic fields are food and beverage management, marketing, organizational behavior, and business management.

Assistant professor Sağbetullah Meriç completed primary, secondary, and high school education in Ahlat. He graduated from the Düzce University Akçakoca Tourism Management and Hotel Management School in 2006. He started his graduate education in Düzce University, Social Sciences Institute, Tourism and Hotel Management Department in 2011. He completed his master’s degree in 2013 and started as a lecturer in the Faculty of Tourism and Hotel Management at Van Yüzüncü Yıl University. In 2014 he started his PhD at Atatürk University, Institute of Social Sciences, Tourism and Hotel Management. In 2017 he completed his PhD, after which he started to work as Assistant Professor in the same institution. His academic fields are tourism economics, travel management, business administration, entrepreneurship, innovation, and organizational behavior.

Işık Çiçek is an assistant professor in the field of management science, and an expert in human resource management, organizational behavior, and organization theory. He has specialized in fit methodology in organizations, group level organizational variables, department performance, evaluating the efficiency of training. He received his BS, MA, and PhD degrees from Istanbul Technical University. He has gained academic experience as a research and teaching assistant in the Department of Management Engineering in İstanbul Technical University, a research and teaching assistant and lecturer in the faculty of Economics and Administrative Science in Okan University, and an assistant professor in the Department of Management Engineering. He has worked as an assistant professor in the Department of Management Engineering at Alanya Alaaddin Keykubat University since 2015. He is involved in teaching courses related to his specialized areas. He is also vice-principal of Institute of Science and Technology. He has supervised eight graduate thesis.←14 | 15→

Lec. Muhammet Yüksel graduated from Uludag University, Faculty of Economics and Administrative Sciences, Department of Business Administration in 2010. In 2015, he graduated from Ondokuz Mayıs University Social Sciences Institute with a master’s degree in Business Administration. In 2011–2015, he worked as an officer at Turkish Ministry of Interior. Since 2015, he has been working as a lecturer at Ondokuz Mayıs University. He is still doing doctorate at Giresun University Institute of Social Sciences, in Business Administration program. He speaks English at the intermediate level. He continues to work in business administration, management-organization, organizational behavior, effective communication and good speaking. He is married and has two children. E-mail: muhammet.yuksel@omu.edu.tr

Dr. Gizem Mukiyen Avcı was born in İzmir in 1986. She graduated from Dokuz Eylul University in 2009. She got master’s degree from Bulent Ecevit University on “The Effect of Working Women on Patterns of Household Expenditures in Turkey” in 2011. She got her PHD. degree in the same university in 2018 on “Role of Institutions on Export Led Growth: Dynamic Panel Data Analysis”.

Dr. Şenay Saraç is Dr. Lecturer at Faculty of Economics and Administrative Sciences at Zonguldak Bülent Ecevit University. She was affiliated with Bulent Ecevit University as a research assistant for the period between 2001 and 2011 and as a lecturer since 2011. She got her master’s degree in economics at Zonguldak Karaelmas University, the former name of Bülent Ecevit University. She got her PhD degree from Zonguldak Karaelmas University on “Economic Determinants of Innovation”. She has various studies and publications in the fields of macroeconomy and technology-innovation particularly.

Aykut Yağlıkara is a research associate at the Economics Department at Bulent Ecevit University. He graduated from Middle East Technical University Northern Cyprus Campus in 2010. Since then, he has been enrolled in the integrated PhD program at the Department of Economics at Bulent Ecevit University in 2012 and continues his PhD His research interests include development economics, energy economics, and institutional economics.

Dr. Osman Bayraktar has been a lecturer at Istanbul Ticaret University since 2013. He is Head of the Department of Human Resources. He completed his MA and PhD at Istanbul University. He has been lecturing on Management and Human Resources Management. The up-to-date improvements in the field of management thinking and human resources are the areas he focuses on academically. He is emphasizing interdisciplinary associations in his articles.←15 | 16→

Gülsüm Şeyma Koca is a research assistant at the Department of Health Management at Hacettepe University. She graduated with an MSc in Health Management from Hacettepe University in 2016, and since then she has been attending the PhD programme at the same department. Her research interests include health economics, health communication, organizational behavior. She knows English well.

Gülnur İlgün is a research assistant at the Department of Health Management at Hacettepe University. She graduated with an MSc in health management from Hacettepe University in 2014, and since then she has been attending the PhD programme at the same department. Her research interests include biostatistics, health economics, epidemiology, and performance management. She knows English well.

Seda Sönmez is a research assistant at the Department of Health Management at the Kırıkkale University. She graduated with an MSc in Health Management from Hacettepe University in 2014, and since then she has been attending the PhD programme at the same department. Her research interests include cost accounting, health financing, cost of illness, budget impact analysis, and value-based health. She knows English and German well.

Canan Atac is a HR Professional who has been working for more than 29 years in different sectors like automotive, machine production, pharmaceutical warehouse and textile. She is EFQM Licensed Advisor certified by KALDER since 2006. While she performs her recent duty as HR Group Manager in Durmazlar Holding, she also volunteers privileged organisations to make positive contributions on university students' HR knowledge particularly in terms of HR's future with Industry 4.0. She has PhD on PDR and still works on her academic progress.←16 | 17→

Introduction

Globalization is a long-standing phenomenon which has been attracting the considerable attention of academicians, businessmen, politicians, bureaucrats, students, and other actors of societies by its causes and consequences in social, economic, cultural, and organizational order. In a theoretical sense, globalization may give an opportunity to counties, firms, and individuals for improving their well-being levels by a substantial increase in trade and financial services, the opportunity of social and cultural contacts, a global solution to political problems. Globalization leads to change traditional institutions and implementation in countries. Therefore, the effects of globalization in countries may be different from each other; the effect of globalization should be separately analyzed. This edited book evaluates the effect of globalization in the case of Turkey. Furthermore, since the effects of globalization on macro and micro level may change, this book contains analyses in sectoral level.

Globalization, however, has affected lots of countries in the world, and it could not give symmetric effect on their welfare. While some countries have difficulty in taking advantages of globalization, some fortunate countries such as Singapore, China, and South Korea benefit from globalization by increasing trade, foreign direct investment, other financial flows, human capital, technology level, and economic growth as well. Why have countries been affected asymmetrically by globalization? The answer to the question may be institutional differences among the countries. If the answer given by institutional economists is right, there should be a strong relationship between institutional quality and economic performance indicators in the globalized world. This edited book explores relationships between innovative institutions and socio-economic performance as well.

The book consists of two parts: (i) Globalization and Its Effects, (ii) Institution and Socio-Economic Performance. Nine articles in the first part concentrate on the definition of globalization, approaches to globalization, effects of globalization and various issues related to globalization such as global business ethics, carbon tax, public administration reforms, state spending, exports, tourism and foreign direct investment.

Details

Pages
374
ISBN (PDF)
9783631768600
ISBN (ePUB)
9783631768617
ISBN (MOBI)
9783631768624
ISBN (Softcover)
9783631768525
Language
English
Publication date
2018 (December)
Tags
Institutional Economics International Economics Economic Growth Development Economics Business Management Strategic Management
Published
Berlin, Bern, Bruxelles, New York, Oxford, Warszawa, Wien, 2018. 374 pp., 12 fig. b/w, 69 tables

Biographical notes

Ertuğrul Yıldırım (Volume editor) Hamza Çeştepe (Volume editor)

Ertuğrul Yıldırım is Associate Professor of International Economics. He earned a PhD in Economics from Erciyes University, Turkey. His research interests focus on energy economics, globalization, regionalization, international trade and economic growth. Hamza Çeştepe is Full Professor of Economics at Bulent Ecevit University. He earned a Ph.D. in Economics from Istanbul University. His research interests include international trade and finance, world economy and economic integration.

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Title: Globalization, Institutions and Socio-Economic Performance