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Corporations in economic development

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Chapter 6 in A General Theory of Economic Development, 2017, pp 104-114 from Edward Elgar Publishing

Abstract: This chapter discusses the important role of the corporate firm in capitalism and in economic development. Firms are seen as complementing markets, as a market expander by helping to overcome transaction costs in the overall economy by their command-and-control structures. The chapter also discusses how corporate growth incentives can be secured without necessarily encouraging monopoly power.

Keywords: Asian Studies; Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (5)

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