New Economics Papers
on Business, Economic and Financial History
Issue of 2008‒03‒08
eight papers chosen by



  1. A decisive intelligence failure? British intelligence on Soviet war potential and the 1939 Anglo-French-Soviet alliance that never was By Kahn, Martin
  2. Public Finance in China since the Late Qing Dynasty By Krug, B.
  3. The emergence and growth of US-style business education in Mexico (1955-2005) By Batiz-Lazo, Bernardo
  4. License to sell : the effect of business registration reform on entrepreneurial activity in Mexico By Bruhn, Miriam
  5. The strategies of multilatinas: from the quest for regional leadership to the myth of the global corporation \r\n By Alexandre MINDA (LEREPS-GRES)
  6. Trade Liberalisation and Economic Performance: Latin America versus East Asia 1970-2006 By Nanno Mulder; Osamu Onodera
  7. Motivations, Capability Handicaps and Firm Responses in the Early Phase of Internationalization from Emerging Economies: A study in the Indian Pharmaceutical Industry By Dixit M.R.;
  8. Orcutt’s Vision, 50 years on By Elisa Baroni; Matteo Richiardi

  1. By: Kahn, Martin (Department of Economic History, School of Business, Economics and Law, Göteborg University)
    Abstract: In 1939 the British Government tried to assess Soviet war potential in order to know more about their potential ally, as part of the negotiations concerning an Anglo-French-Soviet alliance. British assessments of Soviet economic and military strength (and the internal stability of the Stalin regime) in this context have partly been neglected in earlier research, and it seems both that British estimates were much more off the mark than earlier supposed, and that the gross underestimation of Soviet strength in 1939 was probably a major factor in the British reluctance to enter into an anti-Hitler coalition with the USSR.<p>
    Keywords: Economic History; Soviet Union; British Intelligence; Soviet war potential; Second World War; Soviet economy; Soviet military strength; Appeasement policy; Intelligence failures
    JEL: B20 F51 F52 N00 N40 N44 P20 P29 P52 Z00
    Date: 2008–03–07
    URL: http://d.repec.org/n?u=RePEc:hhs:gunhis:0012&r=his
  2. By: Krug, B. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)
    Abstract: How is “public finance†organized in China? Is China’s public finance system different from that of other countries? Can we detect features which link today’s system to the past? Public finance refers to more than annual state budgets and constitutional procedures. It includes foreign debt, state monopolies or monetary policies, all of which played a crucial role in China’s public finance during the last hundred years. A purely legislative definition obscures the fact that changes in public finance have contributed to the collapse of political regimes such as Imperial China (1911), Republican China (1927), and KMT-China (1945), as well engendered regime changes in 1949, 1961 and 1978. From a more comprehensive economic perspective public finance in China encompasses institutions, organizations and policies.
    Keywords: public finance;China;imperial China;republican China;KMT-China
    Date: 2008–02–05
    URL: http://d.repec.org/n?u=RePEc:dgr:eureri:1765011287&r=his
  3. By: Batiz-Lazo, Bernardo
    Abstract: Structured Abstract Purpose - This article contributes to efforts documenting the incursion of Anglo-American capitalism into Latin America by looking at the emergence and development of graduate and postgraduate business education in Mexico. Design/methodology/approach - Archival research (including current writings) combines with unstructured interviews and a database of teaching case studies. The database considers teaching case studies looking at multinational companies working in Mexico and cases focusing on Mexican companies. Findings – The emergence of graduate degrees in management during the 1950s and 1960s mirrors a move to a more hierarchical structure of family businesses. The emergence of postgraduate business education in the 1960s reflects the existence of a large group of salaried managers. Between 1948 and 1997, teaching case studies overwhelmingly sought to help US managers doing business in Mexico. Since then a significantly greater number of Mexican business experiences have been documented, suggesting a greater effort to link indigenous businesses with trends in global companies. Originality/value – Contribute to a better understanding of the interaction between multinationals, indigenous businesses and management education in emerging markets. Paper type - Empirical.
    Keywords: master’s in management; case method; business schools; family businesses; multinationals; Mexico; USA.
    JEL: A23 F23 N36
    Date: 2008–02
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:7473&r=his
  4. By: Bruhn, Miriam
    Abstract: This paper studies the effect of business registration regulation on economic activity using micro-level data. The identification strategy exploits the fact that a recent business registration reform in Mexico wa s introduced in different municipalities at different points in time. Using panel data from the Mexican employment survey, I find that the reform increased the number of registered businesses by 5 percent in eligible industries. This increase was due to former wage earners opening businesses. Former unregistered business owners were not more likely to register their business after the reform. Moreover, employment in eligible industries went up by 2.8 percent, and people who were previously unemployed or out of the labor force were more likely to work as wage earners after the reform. Finally, the results imply that the competition from new entrants lowered prices by 0.6 percent and decreased the income of incumbent businesses by 3.2 percent.
    Keywords: E-Business,,Labor Policies,Competitiveness and Competition Policy,Business Environment
    Date: 2008–02–01
    URL: http://d.repec.org/n?u=RePEc:wbk:wbrwps:4538&r=his
  5. By: Alexandre MINDA (LEREPS-GRES)
    Abstract: The emerging Latin American corporations come essentially from Brazil and Mexico. Their prime motivation lies in the acquisition of natural resources and the search for market openings. With the exception of Cemex and Embraer who aspire to be global players, the majority of the multilatinas are regional or bi-regional companies. To a large extent, the sectorial breakdown of the multilatinas reflects the productive and technological specialisation of Latin America. They do not have at their disposal the same specific advantages as the emerging Asian multinational corporations in the high-tech industries or in the high capital-intensive sectors. The recent growth of their international activities has certainly impacted the dynamics of the global economy, particularly as regards the re-establishment of North-South links and the strengthening of South-South co-operation.
    Keywords: Emerging multinational corporations, multilatinas, foreign direct investment, re-establishment of North-South links, South-South co-operation
    JEL: D F L O O
    Date: 2008
    URL: http://d.repec.org/n?u=RePEc:grs:wpegrs:2008-08&r=his
  6. By: Nanno Mulder; Osamu Onodera
    Abstract: This paper, together with four other country case studies, is a part of a broader research programme addressing trade and structural adjustment issues in non-member economies which was conducted as a follow-up to Trade and Structural Adjustment: Embracing Globalisation (OECD, 2005) which identified policies for successful trade-related structural adjustment. This paper studies the trade liberalisation and structural adjustment experiences and their outcomes in terms of economic and trade performance in East Asia and Latin America. The report consists of 5 main sections; After an introduction, Section A first looks at the growth performance and role of trade and FDI. Section B looks at trade related policy trends in the two regions while section C looks at some trade and foreign direct investment indicators. Section D compares the structural adjustment in the two regions and Section E concludes.
    Keywords: trade, liberalisation, Latin America, structural adjustment, liberalization
    Date: 2008–02–07
    URL: http://d.repec.org/n?u=RePEc:oec:traaab:70-en&r=his
  7. By: Dixit M.R.;
    Abstract: This paper identifies and analyses the motivations, capability handicaps and responses of a sample of Indian pharmaceutical firms in the early phase of internationalization. It distinguishes between the experiences of two types of internationalisers –initial internationalisers and later internationalisers - in the industry. It argues that the initial internationalisers face several discontinuities vis-a-vis the experience of meeting the needs of domestic market. They need to cultivate new capabilities by leveraging on whatever is available within the firms and the external environment. Their capability to cultivate depends on their internal processes to absorb the new experiences. The later internationalisers do not experience these handicaps. They can benefit from the industry experience and congregate capabilities to move faster. Their capability to congregate depends on the initial endowments of the founders. Based on its findings, the paper outlines scope for further research in capability building for internationalization in the context of emerging economies.
    Date: 2008–02–28
    URL: http://d.repec.org/n?u=RePEc:iim:iimawp:2008-02-05&r=his
  8. By: Elisa Baroni; Matteo Richiardi
    Abstract: Fifty years have passed since the seminal contribution of Guy Orcutt [Orcutt,1957],which gave birth to the field of Microsimulation. We survey, from a methodological perspective, the literature that followed, highlighting its relevance,its pros and cons vis-`a-vis other methodologies and pointing out the main open issues.
    Date: 2007
    URL: http://d.repec.org/n?u=RePEc:cca:wplabo:65&r=his

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