From Monopoly to Monopsony Capitalism

Nathan, Dev

doi:10.1007/s41027-021-00350-w

Cited by 5 publications

(4 citation statements)

References 38 publications

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“…Traders, acting as intermediaries between farmers and the processing industry, were relatively few. The monopolistic influence held by farmers or traders with Delivery Order (DO) gives them the flexibility to control purchase prices (Nathan, 2021). Price hikes at processing industry/exporter level did not immediately translate into equivalent increases.…”

Section: Strategies For Establishing Porang Processingmentioning

confidence: 99%

Building “Porang” processing industry using supply chain management method

Wida Riptanti,

Irianto

2024

Scientific Horizons

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Wonogiri Regency is one of the leading porang producing regions in Indonesia, but the potential of its industry is still largely unexplored. Currently, business actors market corms and chips in East Java Province, resulting in a multiplier effect. This is because these actors cover only a small portion of the region. Therefore, the purpose of this study was to develop porang processing industry model through Supply Chain Management method. The study employed both quantitative and qualitative methods with Interpretive Structural Modelling (ISM) analysis. The triangulation method was used to cross-examine data at the respondents’ level. Based on the results, processed product demand, supplier engagement in the production process, and glucomannan production technology were the sub-criteria with the greatest effect on supply chain management. Furthermore, market access was identified as the major factor influenced by other sub-criteria. The strategies for establishing processing industry based on the 18 sub-criteria were in the linkage quadrant, showing the presence of high effect and interconnection. Variables in this sector must be investigated carefully because the relationship between variables is unstable. Every action on this variable will affect others and the feedback effect can magnify the impact. The strategy implemented must undergo various reviews to obtain best results. The findings of this study can be used as a reference for stakeholders to strengthen competitive advantage and implementing effective strategies

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Section: Strategies For Establishing Porang Processingmentioning

confidence: 99%

Building “Porang” processing industry using supply chain management method

Wida Riptanti,

Irianto

2024

Scientific Horizons

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“…The Prebisch-Singer analysis of trade relations in this specialization between manufacturing and agricultural-producing countries did not use the concept of monopsony power. In Peter Bauer's critical study (Bauer, 1953) of the external trade of West Africa, he uses the term 'oligopoly' for a market with few buyers, what we would now call an oligopsony (Nathan, 2020); as far as this author can make out, this is because the concept of monopsony in global relations has only recently come into use, as seen in Phillips (2017), Kumar (2020), Nathan (2020Nathan ( , 2021, and .…”

Section: Global Monopsony Underlies the Prebisch-singer Analysismentioning

confidence: 99%

“…Knowledge-intensive corporations with monopolized knowledge certainly dominate the world economy. Through offshoring of manufacturing, intellectual monopoly capitalism becomes global monopsony capitalism in its interaction with suppliers, largely from the global South (Kumar, 2020;Nathan, 2020;Nathan, 2021;. Monopsony is the ability of firms to use power as buyers to reduce prices in input markets, in the same way that monopoly is the ability of firms to use power to increase prices in the output market.…”

Section: Development Of Intellectual Monopoly Capitalismmentioning

confidence: 99%

“…The use of the term 'monopsony' to characterize contracting relations between headquarter firms and their suppliers should not be taken to imply that there is only one level of monopsonistic power in these relations. There are different degrees of monopsonistic power in these relations (Nathan, 2021), just as there are degrees of monopoly (Kalecki, 1971). Broadly, suppliers with primarily commoditized knowledge that is well distributed around the world, such as producers of garments or shoes, face a high level of monopsonistic power; electronics suppliers face a medium level of monopsonistic power; and IT service suppliers face a low level of monopsonistic power.…”

Section: Development Of Intellectual Monopoly Capitalismmentioning

confidence: 99%

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Knowledge and Global Inequality Since 1800

Nathan

2024

Self Cite

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The Element highlights the monopolization and exclusion from high-value knowledge in analysing divergent and, recently, partially convergent income trends across 200-odd years of the global capitalist economy. A Southern lens interrogates this history, in the process showing how developing command over knowledge creation sheds light on the middle-income trap. Overall, it shows a new way of looking at global capitalist economic history, highlighting the creation of, command over and exclusion from knowledge. This forces us to analyse the role of the subjective or agential element in making history; a subjective element that, however, always works from within and transforms existing structures and processes. This title is also available as Open Access on Cambridge Core.

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Global Accumulation & Gendered Class Exploitation: Theory and Evidence from the Garment Industry During the Covid Pandemic

Azhar,

Ali

2024

Forum for Social Economics

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From Monopoly to Monopsony Capitalism

Cited by 5 publications

References 38 publications

Building “Porang” processing industry using supply chain management method

Building “Porang” processing industry using supply chain management method

Knowledge and Global Inequality Since 1800

Global Accumulation & Gendered Class Exploitation: Theory and Evidence from the Garment Industry During the Covid Pandemic

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