How does material production become socially recognised in capitalism? This is a fundamental question to be addressed in capitalist production, since material production takes place privately and independently in a global and atomistic system. This thesis shows that the question is tackled by Marx in the first three chapters of Capital. The process of social recognition of material production is that of the realisation of work carried out privately and independently as part of the social labour. For Marx this occurs through the private and independent work becoming objective social labour as the substance of the value of commodities, and through the latter finding its necessary developed mercantile expression in the price form of commodities. Therefore, private and independent work becomes social labour through the recognition of its product as equivalent to a certain amount of money. The thesis argues that Marx's answer is powerfully insightful but flawed because it did not succeed in fully characterising the historical specificity of commodity. Commodity is not merely the differentiated unity of use value and value but of use value and mercantile use value, and of labour value and mercantile value. The former dialectic is immediate and distinguishes between the utility of commodity as a direct means of consumption or production and that as a means of exchange, fully determining the behaviour of the private and independent commodity producer. The latter dialectic is objective and distinguishes between commodity as the embodiment of the social labour necessary to reproduce it and as the embodiment of command over social labour, enabling the adjustment of the productive structure. Both dialectics are mediated by the mercantile form of value, which allows the indirect expression of labour value as the gravitational force of the system. The theory of commodity offered in this thesis, unlike that of Marx, consistently hinges on the atomistic private and independent commodity producer. The thesis shows that commodity production is the organisation of society's labour for its material reproduction, just as in any previous mode of production. The discovery of the generic aspect of commodity production breaks the false immediate link between production and supply, and that between the labour theory of value and both the supply-side-determined theory of price and the single-factor theory of production. The thesis also shows that the mercantile form of value is what allows society's labour to become an objective and autonomous materially abstract substance regulating the adjustment of the productive system under the form of material signals. This is the specific aspect of a global mode of production comprised of free and independent individuals. The mercantile form of value is thus Adam Smith's invisible hand. Finally, the thesis analyses some implications of the framework with regard to the analysis of monetary phenomena, capital accumulation and sustainable development, and reviews the most popular Marxian topic in Economics: the transformation of values into prices of production.

The return of Māori land to a productive role in the New Economy entails the innovation and diffusion of technologies relevant to the sustainable development of this land. Sustainable development requires substantive changes to current land and resource use to mitigate environmental degradation and contribute to ecological and sociological resilience. Such innovation is emerging in 'New Economic Space' where concerns for cultural resilience have arisen as political-economic strategies of the New Economy converge within a global economic space. New Economic Space comprises policy, technology and institutional innovations that attempt to influence economic activity, thus directly engaging with local 'place-based' expressions of geohistorically unique knowledge and identity. This thesis approaches contemporary Māori development from three perspectives. First, by viewing the changing links between ecosystems and communities as examples of innovation diffusion, the evolution of relevant policies, technologies and institutions can be examined for their impact upon Māori resilience. Second, such innovation diffusion can be described as a form of regional development, acknowledging the integral role of traditional territories in Māori identity and culture as well as the distinct legislative and governance contexts by which this land is developed. Third, by incorporating the geohistorical uniqueness of Māori ideas, values and beliefs, standard concepts of political-economy can be reformulated to show an explicit cultural economy – Māori Traditional Economic Space – in which Māori horticulturalists participate in parallel with the New Economy. Two methods are used in the analysis of the participation by Māori horticulturalists in New Economic Space. Fuzzy set/Qualitative Comparative Analysis (fs/QCA) allows the rigorous investigation of small-N studies of limited diversity for their partial membership in nominated sets. This thesis uses fs/QCA to organise theoretical and substantive knowledge of each case study to score its membership in agri-food networks, Māori institutions and post-production strategies, allowing the identification of causal configurations that lead to greater resilience for Māori growers and their communities. The second method is Actor-Network Theory (ANT) that incorporates elements of nature and society, showing the extensive and dynamic entwinement that exists between the two. ANT describes the enrolment of diverse 'actants' by a range of eco-social institutions and the subsequent translation of the resulting assemblages into resilience strategies. The results of this research first show a 'System of Provision' (SOP) in which Māori development strategies converge with non-Māori attempts to expand research and marketing programmes. These programmes seek to implement added-value strategies in supplying novel horticultural products within New Economic Space; parallel 'cultural logics' ensure food is supplied to traditional Māori institutions according to the cultural logics of Māori. In addition to this finding, results also show that the participation of Māori growers in New Economic Space can paradoxically lead to an expansion of the Traditional Economic Space of Māori. This expansion is not simply contingent upon configurations of policy, technology, and institutional innovations that originate in New Economic Space but is directed by Māori cultural logics, located in Māori territories but seeking innovations from an amorphous universal 'core'. The interface between the global New Economy and the localities of a Māori cultural economy is defined by the 'interrogation' of these innovations, and innovators, through eco-cultural institutions in their diffusion to and from Māori land, Māori resources and Māori people. Within the boundaries of this interrogation border resides a malleable assemblage of actants, enrolled by Māori as components of resilience strategies, which can lead to the endurance of Māori culture.

In his assessment of the theory development within international market entry mode, Cumberland (2006) outlines the importance of devoting more attention to the research linking the theoretical level and the operational level. Other researchers have shown the performance of a firm is highly affected by its internationalisation process and selecting the right entry mode is one of the most critical managerial decisions. Despite many years of interest from researchers, the entry choice strategy area is still considered a frontier issue. Researchers have suggested that managing risk is one of the major strategic objectives for managers of multinational firms. Furthermore, risk is regarded as a key determinant in relation to entry mode choice. Research has found that the various risk variables should be regarded as an integrated measure in relation to entry mode choice and not single measures. By looking at a single risk variable, the firm might analyse the situation incorrectly, which may lead to an incorrect entry mode. This study investigates the relationship between entry mode choice, perceived risk and risk tolerance for Danish firms entering Central and Eastern Europe by using a probabilistic model. The results indicate risk should be regarded as an integrated measure in relation to entry mode. Despite not all risk variables showing significant correlation with entry mode, some relations were found. The preferred model for predicting entry mode included years of CEE experience, number of competitors, cultural difference, consumer taste and future market potential. In addition, the analysis showed that Danish firms generally are relatively risk averse. Regardless of entry mode, the analysis showed that Danish firms regard CEE as politically stable and do not see a potential risk in government involvement in their activities. Furthermore, Danish firms experience relatively high and increasing competition in CEE, however, they indicate the same methods are available for marketing in CEE as in Denmark.

Minerals are important natural resources and their development is a historically old, yet new, idea for creating economic prosperity in developing countries. Various researchers have evolved several arguments regarding the impact of mineral resources on development and growth, but they have yet to furnish a practical method of economic evaluation of mineral resources development. This thesis focuses on the economic impact of mineral resource development in a small developing country in the South Pacific Region, namely Fiji. Fiji has expectations and faces challenges in its natural resources development. The Namosi project, a large copper-gold mine development, has been proposed and is under consideration by the Fijian government, who is deliberating on whether mining resources should be developed as a means to add to its prosperity and economic growth or alternatively conserved from the standpoint of the environment and stability. In this study, four significant issues are analyzed viz.: 1) Whether the Namosi mine development project gives a positive net private return. 2) Whether the predicted amount of revenue flowing to the Fijian government from the Namosi mine development exceeds the estimated external cost (in this case, environmental cost) from its development. 3) The impacts of the project on various levels of the Fijian economy, and whether the mine development in Fiji results in an enclave industry; and whether mining has strong or weak backward and forward production linkages with the rest of the Fijian economy. 4) Whether “Dutch disease” will ensue from mining development in Fiji and its level of severity. Regarding issue 1) above, Private Cost-Benefit Analysis (CBA) is conducted by applying the Discounted Cash Flow (DCF) method to evaluate the Namosi mining project based on financial projections. Furthermore, sensitivity analysis is conducted in order to allow for possible variations in copper and gold prices. This analysis indicates that given the anticipated metal prices, private returns from this mining development are likely to be positive. Indeed, the current high metal prices would lead to high private returns. Regarding issue 2) above, Social Cost-Benefit Analyses are attempted. Under the given circumstances, the results show that the benefits of the mine project, as a whole for its 29-year life, substantially outweigh the environmental costs of the project to Fiji. However, due to a lack of available data on the economic magnitude of environmental spillovers, only estimates of environmental costs of the Namosi mining development could be made. Regarding issue 3) above, Input-Output model analysis is performed. Fiji’s total output (without production from the Namosi mine) is found to be F$5,529.917 million. It is estimated that the Namosi project will increase the output of Fiji directly by F$465.574 million (which includes the production inducement effect) and will result in an increase of F$543.788 million in overall Fijian output (GDP). This increase will also be followed by an increased output of about F$10-30 million in related industries, such as in the commerce, transport, and insurance sectors. Based on this Input-Output analysis, it is found that Fiji’s mining sector is an export-oriented enclave industry and that the mining industry itself has very little influence on economic activity in other sectors of the economy. Regarding issue 4) above, the Computable General Equilibrium (CGE) model analysis is applied. Evidence of the likely occurrence of Dutch disease can be detected from output indicators of each industry, consumer prices and exports. Examples of Dutch disease are as follows: a decrease in output of agricultural industries and in export-oriented domestic industries; an increase in consumer prices (inflation); a decrease of exports both in exportable agricultural products and in manufactured products oriented to exports. However, several macro-variables improve, such as employees’ income, trade (exports and imports), tax revenue, tariff revenue, VAT revenue, government account (savings and expenditure) and GDP etc. These results suggest that there could be a major increase in national welfare. Thus, from an economics point of view, it has been found (by comparing gains in Fijian government revenue with potential Fijian environmental costs) that it is very likely that development of the Namosi mine will result in a net social gain to Fiji. These results are based on the application of principles of social cost-benefit analysis and indicate that a Kaldor-Hicks improvement (a potential Pareto improvement) is likely for Fiji as a result of the mining development. This means that from the predicted net revenue gains of the Fijian government from mining, those who suffer environmental losses would be compensated and the government would still have some extra revenue left over. An actual Paretian improvement is also possible.

Geographical indications (GIs) are one form of protective labelling used to indicate the origin of food and alcohol products. The role of protected geographical indicators as a promising sustainable rural development tool is the basis for this research. The protection of geographical indications is a rather controversial subject and much research is still required for both sides of the debate. The research method employed for this study is qualitative critical social science. Two Case studies are used to investigate the benefits brought to rural areas through the protection of GIs. The case studies include the GIs Jersey Royal and Welsh Lamb both from the United Kingdom a member of the European Union (the EU is in favour of extended protection of GIs for all agro-food products under the 1994 WTO/TRIPS agreement on geographical indications). Twenty-five indepth interviews were conducted for this study the duration of the interviews was approximately one hour. The study identifies predominantly indirect links between GIs and sustainable rural development, through economic and social benefits bought to rural areas by the GIs investigated - less of a connection was found to ecological elements. No considerable cost for GI protection was discovered. This finding suggests that GIs are worthwhile for implementation in New Zealand as a rural development tool.

Abstract of thesis submitted in partial fulfilment of the requirements for the Degree of Master of Commerce and Management Dynamics of macroeconomic variables in Fiji : a cointegrated VAR analysis By Shiu Raj Singh The objective of this study is to examine how macroeconomic variables of Fiji inter-relate with aggregate demand and co-determine one another using a vector autoregression (VAR) approach. This study did not use a prior theoretical framework but instead used economic justification for selection of variables. It was found that fiscal policy, which is generally used as a stabilisation tool, did not have a positive effect on real Gross Domestic Product (GDP) growth in the short term. Effects on GDP growth were positive over the long term but not statistically significant. Furthermore, expansionary fiscal policy caused inflationary pressures. Fiji has a fixed exchange rate regime, therefore, it was expected that the focus of monetary policy would be the maintenance of foreign reserves. It was, however, found that monetary expansion in the short term resulted in positive effects on real GDP growth and resulted in inflation. The long term effects of monetary policy on real GDP growth were negative, which are explained by the fixed exchange rate regime, endogenous determination of money supply by the central bank, an unsophisticated financial market and, perhaps, an incomplete transmission of the policy. Both merchandise trade and visitor arrivals growth were found to positively contribute to short term and long term economic growth. Political instability was found not to have significant direct effects on real GDP growth but caused a significant decline in visitor arrivals which then negatively affected economic growth in the short term.

This research focussed on Fair Trade (FT) coffee supply chains in Papua New Guinea. Three research questions were asked. First, do small holders in the FT chains receive higher returns than the smallholders in the conventional chains? Secondly, if smallholders in the FT coffee chains receive higher returns from their coffee than the smallholders in the conventional chains, what are the sources of these higher returns? Finally, if smallholders in the FT chains don't receive higher returns than in the conventional chains, what are the constraints to smallholders receiving higher returns from the FT coffee chains than the conventional chains? A conceptual framework for agribusiness supply chain was developed that was used to guide the field work. A comparative case study methodology was selcted as an appropriate method for eliciting the required information. Four case study chains were selected. A paired FT and conventional coffee chains from Okapa and another paired FT and conventional chains from Kainantu districts, Eastern Highlands Province were selected for the study. The research found that smallholders in the FT chains and vonventional chains receive very similar prices for their coffee (parchment price equivalent). Hence, there was no evidence that smallholders in the FT chains received higher prices or returns from their coffee production than smallholders in conventional chains. This study also found that there was no evidence of FLO certification improving returns to smallholders in the FT chains over those returns received in the conventional chains, but the community that the FT smallholder producers come from did benefit. The sources of these community benefits lies in the shorter FT chains and the distributions of the margin that would have been otherwise made by processors to producers, exporters and the community. In addition, this study found that constraints associated with value creation are similar in all the four chains studies. However, there are some added hurdles for the FT chains in adhering to FT and organic coffee standards. Moreover, FT co-oeratives lacked capacity to trade and their only functions were to help with FLO certification and distribute the FT premium to the community. The findings of this research support some aspects of the literature, but not others. The research contribution is the finding that in this period of high conventional coffee prices, returns to smallholders from FT chains were no bettter than the returns gained in conventional chains, which leads to oppotunism and lack of loyalty by smallholders in the FT chains. The other contribution of this research is in identifying a particular type of free rider who is not a member of the FT co-operative but has right to the community benefits generated by the FT chain.

Corporations are increasingly being expected to be responsible to not only shareholders, but also to employees, society and for the environment. This expectation increases as business crises, such the Exxon Valdez oil spill and the Enron collapse, continue to occur. In New Zealand several umbrella organisations were established to aid organisations in the quest to become sustainable or corporately responsible, such as New Zealand Business Council for Sustainable Development, New Zealand Businesses for Social Responsibility, and the Sustainable Business Network. A number of high profile companies such as Hubbard Foods Ltd, Landcare Research, Fonterra and Telecom belong to these umbrella organisations and have produced reports that reflect not only economic prosperity but also environmental quality and social equity. The aim of this research is to identify how organisations are implementing corporate responsibility issues into the operations, and using this information to construct a maturity model. The value of a maturity model is as an analytic tool, where an organisation can be benchmarked against the best in the field. Developing a maturity model for integrating corporate responsibility into an organisation enables managers to identify at which stage the organisation is currently situated and then provides an action plan of where to progress in the future. A preliminary maturity model is developed based on previous models from the fields of corporate responsibility, environmental management and sustainability. This exploratory study used the case study method to analyse six organisations that are members of the New Zealand Business Council for Sustainable Development and are producing annual sustainability reports. Using the Global Reporting Initiative (GRI) guidelines for sustainability reporting, 10 years of annual reports from each case company were analysed and compared against these guidelines. The results were used to identify what corporate responsibility areas businesses are currently reporting on and therefore implementing within the organisation, and identifying if there is an evolutionary pattern applicable to all organisations thereby enabling the construction of a maturity model. The findings show that although there was an increase in the GRI indicators included the reporting is poorly developed. The major areas of change have been in the reporting of governance and management structures, the development and inclusion of vision statements and changes in management policies. There was increased reporting in some environmental and social indicators, but no clear patterns of change emerged. Using the data and analysis a refinement of the proposed maturity model was made.