Shifting sources and uses of profits: sustaining US financialization with global value chains

By Wiliiam Milberg. 2008

336 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/4020d9f95a3dad025e0fc102287ace4db0136d0c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

In Sociology and Political Science

Citations in the corpus

Intellectual monopoly in global value chains (2019, background): “This dimension of financialization has been linked in the US to GVC participation to the extent that large oligopoly firms manage to expand their profits as they capture value through cheaper imports (Auvray & Rabinovich, 2017; W. Milberg & Winkler, 2009; William Milberg, 2008).”
Economic and social upgrading in global production networks: Problems of theory and measurement (2011, background): “In an analysis of United States import prices, Milberg (2008) found that only two sectors – those most closely associated with commodities (specifically petroleum and iron) rather than manufactures – experienced import price increases.”
Poverty chains and global capitalism (2018, background): “William Milberg calls this the ‘mark-up effect … [through] which the lead firm in the global value chain is able to raise the mark-up over costs, not in the traditional oligopoly fashion of raising product prices, but through the control of input costs’ (Milberg 2008: 429).”
The governance of global wealth chains (2017, background): “…impact on transnational policy development, it has been largely silent on the link between value chains and financial and legal innovations created by firms, lawyers, and investors (with some notable exceptions, see Froud et al. 2014; D€orry 2016; IGLP, 2016; Milberg 2008; Williams 2000).”
Squeezing workers’ rights in global supply chains: purchasing practices in the Bangladesh garment export sector in comparative perspective (2020, background): “Milberg also finds that ‘the financialization of non-financial corporations’ has encouraged restructuring of production through the growth of GSCs (Milberg, 2008).”
Governing global value chains: an introduction (2008, background): “In his contribution, Milberg (2008) seeks to demonstrate the same relationship between corporate financialization and the process by which GVCs increasingly take on buyer-driven characteristics, but his analysis implies different indicators and methods. Following Stockhammer (2004), and indeed the b”
Integrating Finance into Global Production Networks (2014, background): “He uses statistical analysis to demonstrate the mutually reinforcing connections between financialization and the offshoring of production, and the ‘leakage’ of capital from sectoral systems into financial vehicles as firms seek to raise shareholder value rather than invest in productive assets (MIL”
Development geography II (2018, background): “Even non-financial firms are increasingly oriented towards financial rather than ‘productive’ profits (Milberg, 2008): . . . firms solidly grounded in goods production – whose raison d’être is producing goods to earn a profit – must increasingly pursue financial activities, with for instance…”
Financialization, globalization and the making of profits by leading retailers (2012, background): “When expanding their scale of operation, retailers become bigger buyers and enlarge their sourcing channels, allowing them to increase competitive pressure on their suppliers (Coe and Hess, 2005; Coe and Wrigley, 2007; Durand, 2007; Reardon et al., 2007; Basker and Pham, 2008; Milberg, 2008).”