THE STATE AND THE BUSINESS GROUPS IN GLOBALIZING INDIA: A HISTORICAL PERSPECTIVE

Vipin Gupta
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Vipin Gupta: California State University San Bernardino

in ABEM Conference Proceedings from Academy of Business and Emerging Markets (ABEM), Canada, currently edited by Satyendra Singh

Abstract: Despite institutional development and reduced corporate dependence on the State, business groups in India continue to thrive. Their resilience is difficult to explain in terms of the traditional political economy or institutional/economics perspectives. Based on a historical analysis, we examine how the business groups in India have responded to the changing State policies, and crafted appropriate globalization strategies. We interpret their resilience using a transcultural view, which underlines the significance of both informal relational culture as well as formal network relationships, in a global context that is demanding the emerging market MNEs (Multinational Enterprises) to be socially responsible leaders.

Keywords: STATE; BUSINESS GROUP; GLOBALIZING; INDIA; HISTORICAL PERSPECTIVE (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ris:abemcp:023362

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