The Global Restructuring of the Steel Industry: Innovations, Institutions and Industrial Change

by D'Costa; Anthony

• ISBN13: 9780415148276
• ISBN10: 0415148278
• Edition: 1st
• Format: Hardcover
• Copyright: 1999-03-16
• Publisher: Routledge

Summary

Using case studies from USA, Japan, South Korea, Brazil and India, this work explains how and why the steel industry has shifted from the advanced capitalist countries to the late industrializing countries.

Table of Contents

List of figures	ix	(2)
List of tables	xi	(2)
Foreword	xiii	(4)
Acknowledgements	xvii
1 The restructuring of the steel industry	1	(10)
Introduction	1	(1)
Explaining industrial restructuring	2	(6)
Outline of chapters	8	(3)
2 An institutional interpretation of steel industry restructuring: an analytical framework	11	(19)
Introduction	11	(1)
The restructuring issue	12	(9)
Technology and restructuring: an analytical framework	21	(7)
Conclusion	28	(2)
3 Technological change and crisis in the American steel industry	30	(27)
Introduction	30	(7)
Strategic adoption of new innovations	37	(6)
The crisis compounded	43	(5)
Crisis-inspired restructuring: disinvestment and institutional change	48	(7)
Conclusion	55	(2)
4 Technological change and rapid industrial development in Japan and South Korea	57	(25)
Introduction	57	(1)
State-led late industrialization	58	(9)
Institutional response to new innovations	67	(5)
Excess capacity, maturity, and Japanese restructuring	72	(8)
Conclusion	80	(2)
5 Technological change and institutional challenges in Brazil, India, and Korea	82	(37)
Introduction	82	(1)
State-led capitalist industrialization	83	(5)
Overcoming structural dependence	88	(7)
Institutional challenges to industrial restructuring	95	(14)
Technology diffusion and capability in Brazil, India, and Korea	109	(8)
Conclusion: institutional capacity and industrial restructuring	117	(2)
6 Technological change and the internationalization of the steel industry	119	(21)
Introduction	119	(1)
US imports and the changing international division of labor	120	(5)
Cost of production and labor productivity	125	(3)
Global realignments in the steel industry	128	(9)
Conclusion	137	(3)
7 Innovations, enterpreneurial breakthroughs, and industry restructuring	140	(29)
Introduction	140	(1)
The emergence of minimills	141	(7)
Technological breakthroughs in the non-integrated steelmaking process	148	(7)
The diffusion of new technologies and restructuring	155	(10)
Conclusion: new technologies and industrial restructuring	165	(4)
8 Interpreting technological change and industrial restructuring	169	(15)
Introduction	169	(1)
Restructuring and capitalist industrialization	170	(3)
Institutional change and restructuring	173	(4)
Technology, strategy, and the international division of labor	177	(5)
Conclusion	182	(2)
Notes	184	(16)
Appendix: institutions visited and/or contacted for data collection	200	(2)
Bibliography	202	(20)
Index	222