TAILIEUCHUNG - THE GLOBAL RESTRUCTURING OF THE STEEL INDUSTRY

Th e ste el industry is one of man y major wo rl d industries exte nsively restructured in th is era of globalizatio n. The Global Restructuring of the Steel Indu stry explains how and why th e steel ind ustry has shifted from advanced ca pita list countries to late ind ustria lizing countries. Drawing upon case studies of th e steel industr y in th e US, Japan, South Korea, Brazil and India, Anthony 'Costa examines the relationship between industri al cha nge and institutional responses to techn ological diffusion | THE GLOBAL RESTRUCTURING OE THE STEEL INDUSTRY The steel industry is one of many major world industries extensively restructured in this era of globalization. The Global Restructuring of the Steel Industry explains how and why the steel industry has shifted from advanced capitalist countries to late industrializing countries. Drawing upon case studies of the steel industry in the US Japan South Korea Brazil and India Anthony Costa examines the relationship between industrial change and institutional responses to technological diffusion. He reveals that governments and firms differing responses to innovations lead to an uneven diffusion of technology and industrial reorganization. Moreover when it becomes clear that existing institutional arrangements no longer serve the industry well new arrangements are made which allow for innovative behaviour. Often this has created opportunities for technological leapfrogging and the emergence of new technologies in unexpected places. The steel industry has consequently known a new dynamism and the open-ended nature of capitalist competition has been firmly underscored. The Global Restructuring of the Steel Industry is a timely addition to the literature of world industries and offers valuable insights into the new dynamics of industrial capitalism in the globalized age. Anthony Costa is Associate Professor of Comparative International Development at the University of Washington Tacoma USA. He has written on industrial restructuring in Asia Latin America and the US and is currently researching technology leapfrogging in the Indian software industry. ROUTLEDGE STUDIES IN INTERNATIONAL BUSINESS AND THE WORLD ECONOMY 1 STATES AND FIRMS Multinational enterprises in institutional competition Razeen Sally 2 MULTINATIONAL RESTRUCTURING INTERNATIONALIZATION AND SMALL ECONOMIES The Swedish case Thomas Andersson Torbjorn Fredriksson and Roger Svensson 3 FOREIGN DIRECT INVESTMENT AND GOVERNMENTS Catalysts for economic .

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