The New Old Economy

Networks, Institutions, and the Organizational Transformation of American Manufacturing

Bibliographic Data

ID20005084
AuthorsJosh Whitford (Assistant Professor of Sociology, Columbia University, corresponding author)
Year2005
Pages220
Publication date2005-11-03
Open AccessNo
TypeBOOK
VenueThe new old economy (SOURCE_BOOK)
PublisherOxford University PressOxford (PUBLISHER)
DOI10.1093/acprof:oso/9780199286010.001.0001
OpenAlexW2488223387
Open LibraryOL22712705M
ISBN9780199286010
LanguageEN
Citations received38
References cited86

American manufacturing is in crisis: the sector lost three million jobs between 2000 and 2003 as the American trade deficit shot to record highs. Manufacturers have increasingly decentralized productive responsibilities to armies of supplier firms, both domestically and abroad. Many have speculated as to whether or not manufacturing is even feasible in the United States, given the difficulties. This book examines the issues behind this crisis, looking at the emergence of a ‘new old economy’, in which relationships between firms have become much more important. It shows that discussion of this shift, in the media and in the academic literature, hits on the right issues — globalization, de-industrialization, and the outsourcing of production in marketized and in network relationships — but in an overly polarized way that obscures as much as it enlightens. Drawing on the results of interviews conducted with manufacturers in the American Upper Midwest, the book shows that the range of possibilities is more complex and contingent than is usually recognised. Highlighting heretofore unexamined elements of constraint, contradiction, and innovation that characterize contemporary network production models, the book shakes received understandings in economic and organizational sociology, comparative political economy, and economic geography to reveal ways in which the American economic development apparatus can be adjusted to better meet the challenges of a highly decentralized production regime

Contradiction · Economic system · Economics · Economy · Globalization · Industrialisation · Interdependence · Market economy · Outsourcing · Political economy · Political science · Production (economics) · Global trade, sustainability, and social impact · Labor Movements and Unions · Law · Political Economy and Marxism · Commerce · Government policy · Manufacturers · Manufacturing industries · united states

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