Globalization and Deindustrialization: Direct lnvestment and the Decline of Manufacturing Employment in 17 OECD Nations

Authors

  • Arthur S. Aldersen Indiana University

DOI:

https://doi.org/10.5195/jwsr.1997.119

Abstract

Recent years have witnessed a fairly dramatic upswing in the level of foreign direct investment, a phenomenon which has played an integral part in a larger process of globalization. While sociologists have devoted a good deal of attention to the consequences of direct investment for the developing hosts of foreign direct investment, much less attention has been paid to the implications of direct investment for the advanced industrial societies. ln this paper, I focus on one of the more interesting links that has been drawn between direct investment and its effects: that between the outflowof direct investment - often cast as "capital flight" - and deindustrialization. To examine this link I employ a pooled time-series of cross-sections dataset which combines observations on 17 OECD nations across the 1967-1990 period (N=408) . Random effects regression models, which control for unmeasured country-specific effects, reveal strong support for arguments which link direct investment to the relative decline of the labor force in manufacturing in core societies. ln addition, results show that deindustriali zation across this period is largely explained by a model that combines classic generalizations of the process of economic development with an attention to a range of more immediate factors identified by contemporary students of deindustrialization.

Downloads

Published

1997-02-26

How to Cite

Aldersen, A. S. . (1997). Globalization and Deindustrialization: Direct lnvestment and the Decline of Manufacturing Employment in 17 OECD Nations. Journal of World-Systems Research, 3(1), 1–34. https://doi.org/10.5195/jwsr.1997.119

Issue

Volume 3, Issue 1, 1997

Section

General Section

License

Authors who publish with this journal agree to the following terms:

  1. The Author retains copyright in the Work, where the term “Work” shall include all digital objects that may result in subsequent electronic publication or distribution.
  2. Upon acceptance of the Work, the author shall grant to the Publisher the right of first publication of the Work.
  3. The Author shall grant to the Publisher and its agents the nonexclusive perpetual right and license to publish, archive, and make accessible the Work in whole or in part in all forms of media now or hereafter known under a Creative Commons Attribution 4.0 International License or its equivalent, which, for the avoidance of doubt, allows others to copy, distribute, and transmit the Work under the following conditions:
    1. Attribution—other users must attribute the Work in the manner specified by the author as indicated on the journal Web site;
    with the understanding that the above condition can be waived with permission from the Author and that where the Work or any of its elements is in the public domain under applicable law, that status is in no way affected by the license.
  4. The Author is able to enter into separate, additional contractual arrangements for the nonexclusive distribution of the journal's published version of the Work (e.g., post it to an institutional repository or publish it in a book), as long as there is provided in the document an acknowledgement of its initial publication in this journal.
  5. Authors are permitted and encouraged to post online a prepublication manuscript (but not the Publisher’s final formatted PDF version of the Work) in institutional repositories or on their Websites prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. Any such posting made before acceptance and publication of the Work shall be updated upon publication to include a reference to the Publisher-assigned DOI (Digital Object Identifier) and a link to the online abstract for the final published Work in the Journal.
  6. Upon Publisher’s request, the Author agrees to furnish promptly to Publisher, at the Author’s own expense, written evidence of the permissions, licenses, and consents for use of third-party material included within the Work, except as determined by Publisher to be covered by the principles of Fair Use.
  7. The Author represents and warrants that:
    1. the Work is the Author’s original work;
    2. the Author has not transferred, and will not transfer, exclusive rights in the Work to any third party;
    3. the Work is not pending review or under consideration by another publisher;
    4. the Work has not previously been published;
    5. the Work contains no misrepresentation or infringement of the Work or property of other authors or third parties; and
    6. the Work contains no libel, invasion of privacy, or other unlawful matter.
  8. The Author agrees to indemnify and hold Publisher harmless from Author’s breach of the representations and warranties contained in Paragraph 6 above, as well as any claim or proceeding relating to Publisher’s use and publication of any content contained in the Work, including third-party content.

Revised 7/16/2018. Revision Description: Removed outdated link.