entbettetes Kapital

English translation: disembedded capital

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:entbettetes Kapital
English translation:disembedded capital
Entered by: Brie Vernier

12:17 Jan 2, 2006
German to English translations [PRO]
Bus/Financial - Economics
German term or phrase: entbettetes Kapital
Marktregulierung ist ein zentrales Moment bei der Integration von Ländern in den Weltmarkt (z.B. Russland, China), bei der Entschuldung von Ländern (Argentinien) und bei der Gestaltung des globalen Marktes überhaupt. Hierbei spielt die Hierarchie der Märkte eine wichtige Rolle. Man unterscheidet grob zwischen Kapital-, Güter- und Arbeitsmarkt, wobei sich eine deutliche Hierarchie zwischen diesen Märkten abzeichnet, die mit der Volatilität, Flexibilität des Kapitals und seiner hohen Renditeerwartung zu tun hat. Mit Geld lässt sich schneller und leichter Geld machen als mit der Produktion von Gütern bzw. Dienstleistungen. Güter bzw. Dienstleistungen lassen sich aber ihrerseits sehr viel leichter auf einem globalen Markt von einem Ort an den anderen verschicken als arbeitende Menschen und Arbeitsplätze. Diese sind in der Hierarchie der Märkte der unflexibelste und am wenigsten renditeträchtige Faktor, weswegen die Löhne weltweit stark unter Druck geraten. Das »entbettete Kapital« macht inzwischen den Großteil des täglich umgesetzten Geldes aus; es ist kaum noch mit einer Güter produzierenden Investition verbunden.

Die komischen Anführungszeichen sind im Original enthalten.

Vielen Dank im Voraus!
Brie Vernier
Germany
Local time: 00:52
disembedded capital
Explanation:
Seems to be an accepted term in globalisation theory, and quite popular among globalisation critics, see e.g.

http://www.lancs.ac.uk/fss/sociology/papers/jessop-reflectio...

Selected response from:

RobinB
United States
Local time: 17:52
Grading comment
Fantastic, thanks Robin, and to everyone else for the input. Happy new year to all!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +4disembedded capital
RobinB
3 +1untied/unattached/free capital
Steffen Walter
3maverick/wildcat capital
Frosty
2committed capital
Stephen Sadie


Discussion entries: 3





  

Answers


19 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
untied/unattached/free capital


Explanation:
Contrary to Stephen's "committed" suggestion, I tend to think that this refers to capital no longer bound/connected/attached/tied to [used for] investments in the manufacturing of goods or rendering of services (in other words, capital moving across the individual money and capital markets without ever being used for such investment).

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Note added at 21 mins (2006-01-02 12:39:03 GMT)
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"entbettet" is a very unusual term IMHO (at least in this context), hence the inverted commas. In my view, this is in some way synonymous to "ungebunden" (nicht an Güter oder Dienstleistungen gebunden).

Steffen Walter
Germany
Local time: 00:52
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 71

Peer comments on this answer (and responses from the answerer)
agree  Christian
8 mins

neutral  Frosty: I certainly agree with your definition of the term.
14 mins
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23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
maverick/wildcat capital


Explanation:
I think what the author is trying to get across is that this capital does not feel obliged towards anyone or anything - especially in the medium to long term. A nod towards the "Heuschrecken" from Munterfering?

Frosty
Local time: 00:52
Specializes in field
Native speaker of: English
PRO pts in category: 11
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8 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
committed capital


Explanation:
or tied-up capital

to get the ball rolling

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Note added at 44 mins (2006-01-02 13:02:24 GMT)
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maybe non-committed capital would've been better!

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Note added at 47 mins (2006-01-02 13:04:51 GMT)
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This could well fit the context:
www.um.dk/Publikationer/Danida/English/Evaluations/Industri... - 18k - Zusätzliches Ergebnis -

Stephen Sadie
Germany
Local time: 00:52
Works in field
Native speaker of: English
PRO pts in category: 8
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +4
disembedded capital


Explanation:
Seems to be an accepted term in globalisation theory, and quite popular among globalisation critics, see e.g.

http://www.lancs.ac.uk/fss/sociology/papers/jessop-reflectio...



RobinB
United States
Local time: 17:52
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 19
Grading comment
Fantastic, thanks Robin, and to everyone else for the input. Happy new year to all!

Peer comments on this answer (and responses from the answerer)
agree  Cetacea: "embedded" would literally translate as "eingebettet", so the contrary (again literally) would be "entbettet", which explains the quotation marks as well.
1 hr
  -> I do have the feeling that this term is even less widespread in German than it is in English.

agree  Lori Dendy-Molz: strange but true
2 hrs
  -> Ripley strikes again.....

agree  desiderata (X): in the sense of uncommitted or uninvested capital.
2 hrs
  -> I don't think it's uncommitted or uninvested, rather that it's not tied up in the traditiional economic factors (production, labour, etc.).

agree  Steffen Walter: So obvious, on second thought ...
1 day 5 hrs
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