The influence of local institutional and historical frameworks on a globalized industry: The case of the pharmaceutical industry in France and Quebec
Maé Geymond ()
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Maé Geymond: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, UP1 - Université Paris 1 Panthéon-Sorbonne
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In this paper, we combine the Varieties of Capitalism and the global value chain approaches, considering the interaction between lead firms' global strategies and national capitalism, to show how local pharmaceutical employment results from this interaction. Our analysis is grounded in the comparison between France and Quebec. The first part presents the relevant differences in both historical and institutional elements. Second, after highlighting the similarities that can be attributed to global dynamics, we detail the mechanisms by which local institutions shape the global value chain implantation, giving different forms to the employment structure and dynamics. We show that France is clearly oriented towards manufacturing activity because of industrial history and market features, whereas Quebec has a commercial specialty and an outsourced R&D as a result of high prices and the global organization of research.
Keywords: multinational firms; local government; industrial organization; varieties of capitalism; political economy; économie politique; variété des capitalismes; organisation industrielle; gouvernement local; firmes multinationales (search for similar items in EconPapers)
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Published in 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-02900915
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