Markets, Globalization & Development Review

<em>Markets, Globalization &amp; Development Review</em> (MGDR) is an international peer reviewed and open access online journal exploring the intersections and interstices of markets, globalization and development from interdisciplinary lenses.

List of Papers (Total 209)

At the Crossroads: Ryan Coogler’s Metaphysical Meditation on Blues Music’s Power of Salvation and the Terror of Racial Predation in “Sinners”M

In Sinners (2025), written and directed by Ryan Coogler, intercultural histories of music, religion and oral tradition inform a modern and complex horror tale confronting the terror of Jim Crow in the post–World War I Mississippi Delta. The film, starring frequent Coogler collaborator and muse Michael B. Jordan as twin war veterans out to reestablish their lives as juke joint...

Customer Lifetime Value: Dimensionalities and Conceptual Connections

Customer Lifetime Value (CLV) has a strong relationship to customer satisfaction and firm profitability . This review indicates that once such a relationship is developed and cemented, multiple benefits accrue to the brand and the firm. The review lays the groundwork for further studies of CLV, especially in the emerging economies.

Global Trends in Youth Employment: Key Statistics and Cultural Commentary

The issue of youth employment receives constant attention of global organizations, governments, and researchers. Young people have the potential to positively reshape the national and global economies. Furthermore, the youth also constantly reshape the social, cultural, technological, and political environments. Global unemployment rate among youth, however, is three times higher...

New Institutional Economics : A Few Extensions

This article traces out the development of the New Institutional Economics (NIE). It delineates the literature into two interrelated themes of institutional environment and institutions of governance. The rules of the game of institutional environment determine governance choices. Inefficient institutional environment results in inefficient governance mechanisms which causes...

The Efficacy of India's Electric Vehicle Market: Can FAME Deliver Results?

This commentary discusses the merits and demerits of India's FAME I II and III policy frameworks to promote the use of electric vehicles (EVs). FAME III is under consideration, and some suggestions are offered to improve its effectiveness.

Emerging Trends in Supply Chain Resilience: A Systematic Literature Review

Following the COVID-19 pandemic, the increased geopolitical tensions and trade wars and increased frequency of extreme weather conditions due to climate change revealed the importance of building resilience to mitigate the impact of such unforeseen challenges. Understanding supply chain resilience and building capabilities is essential for quickly responding to and recovering...

Streaming Media Platforms and Film/Video Arts Distribution

Streaming media platforms have emerged as new and natively digital forms of content delivery for mainstream news and entertainment media over the past decades. Underlying technologies also unfold new possibilities for the circulation artistic/creative digital video works. Yet, such potential remains relatively underexplored, due to the complexities involved in the public...

The Kindle Ecosystem of Overconsumption: The Digital Flâneuse Roaming BookTok e-Spaces

The development of a community and culture around reading on the social media platform has afforded women new avenues for empowerment through their earning and spending power. A tool wielded often in this mobile space, Amazon’s Kindle device has reached a new height of popularity thanks to the women in the bookish community of TikTok. This paper employs Anne Friedberg’s concept...

Moving from ‘Managing Stakeholders’ to ‘Managing for Stakeholders’: The Imperative for Responsible Business

Gone are the days when it was accepted that shareholders were the ones for whose benefit business was done, and that the purpose of business was to maximize returns to shareholders. Today, it is universally accepted that a business has to look beyond maximizing profits. It has to take into account the needs all stakeholders, including the environment. Several frameworks and...

Grieving & Swiping: Online Dating as Consumers

This study explores the underlying motivations of consumers’ usage of online dating applications after the breakup of romantic relationships. The experiences of young-adult consumers who went through post-breakup grief are investigated through in-depth interviews. Findings resulted in twelve categories of motivations that participating consumers had regarding their usage of...

From Cypherpunks to Decentralized Finance: How Crypto-Anarchy is Redefining Legal and Economic Systems

This article explores the evolution of crypto-anarchy, tracing its origins from the cypherpunk movement to the rise of decentralized finance (DeFi) and its transformative effects on legal and economic systems. Central to crypto-anarchy is the belief in individual empowerment through privacy, financial autonomy, and decentralization, which allows users to bypass traditional...

Institutions Matter: How So?

This paper examines the influential theory of Daron Acemoglu, Simon Johnson, and James Robinson (AJR) on the role of institutions in economic development, highlighting its strengths, limitations, and areas for further research. A central contribution of their work is the emphasis on power and conflict in institutional formation and change. The theory's focus on the interplay...

Protection of Trade Secrets in Global Markets and International Business: Implications for Labor Relations

Against the background of globalization and the constant evolution of economic relations, the protection of trade secrets in labor relations becomes a necessity to ensure the sustainable competitiveness of enterprises in the international market. This article analyzes the multifaceted dimensions of trade secret protection, covering global business strategies, intercultural labor...

Potential Impact of Artificial Intelligence on Small and Medium Enterprises Innovation in the EU: A Perspective from Poland

The development of small and medium-sized enterprises is a complex process that requires the use of all approaches to achieve success. In this regard, finding opportunities to use artificial intelligence in such companies is of great importance. The study aims to assess how this technology affects the innovation and financial performance of small and medium-sized enterprises. To...

Review of “Social Entrepreneurship in India: Quarter Idealism and a Pound of Pragmatism” by Madhukar Shukla (2020)

The article is a review of ‘Social Entrepreneurship in India: Quarter Idealism and a Pound of Pragmatism’ by Madhukar Shukla. It summarizes and offers clarification and elaboration of key concepts covered in the book. These include the definition of social entrepreneurship, the taxonomy of social entrepreneurs, what characterizes them, various forms that such organizations may...

Digital Twinning for Resilient Global Supply chains: Three Case Studies

Global supply chains have vulnerabilities, and these escalate in crisis times like pandemics or wars. Digital twinning of supply chains can provide early alerts and timely interventions. We examined three companies in different industries using Digital Twin (DT) technology to improve their supply chain performance. We found that while DT successfully enhanced performance...

How to Make Everything About Sanctions? Review of “How Sanctions Work, Iran and the Impact of Economic Warfare” by Bajoghli, Nasr, Salehi-Isfahani, and Vaez (2024)

A 2024 book titled “How Sanctions Work, Iran and the Impact of Economic Warfare” by Narges Bajoghli, Vali Nasr, Djavad Salehi-Isfahani, and Ali Vaez argues that sanctions have had no impact on the behavior of the Islamic Republic in Iran (IR hereafter) and have instead inflicted pain on the ordinary Iranians. While the book does offer a useful description of the evolution of the...

Frugal Consumer Behavior

The purpose of this paper is to bring renewed attention to frugality and advance the discussion of frugal consumer behavior. It makes an initial attempt to explore the dimensions of frugality and provides a contextual map of frugal consumer behavior that can be empirically tested and used for future predictions.