Native American Beadwork: Traditional Beading Techniques for by Georg J. Barth

By Georg J. Barth

Publication by way of Barth, Georg J.

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As chapter 3 shows, however, such developments have been possible in only some industries and to varying degrees. These New Forms of Production (NFP) have caused significant adjustments within leading multinationals that spell both good and bad news for developing countries. The bad news has at least three components. The first is that, where they exist, they have created a new barrier to entry, making it more difficult for third world firms to compete. Second is that, as the costs of developing the NFP has risen, many firms have had to face up to hard choices of priority about where to concentrate their efforts.

The results were all good for so long as the growth in output kept pace with the expansion of the new 'money'. While much economic theory ascribes the sustained economic growth of post-war decades to the liberalisation of trade and the lowering of tariff barriers through GATT negotiations, it seems far more likely that the real engine of growth has been credit-creation, begun by governments through the Marshall Plan and other state-initiated measures but continued through the combined efforts at financial innovation of transnational corporations and banks in issuing tradeable commercial paper.

4 South-East Asia lures investors. C.. 16 In short, generalisations obscure the dynamics of adjustment. Why this should have been so and how these firms might affect the course of development in the future is the focus of all that follows. TRIANGULAR DIPLOMACY Cross-border competition is intensifying for both firms and states. For firms, decisions in one country are now more frequently influenced by choices made elsewhere. For example, Firestone, the US tyre producer, renegotiated its position in Kenya in part because of the competitive battles it was fighting in the industrialised markets.

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