Globalization and Human Capital Empowerment

Dalia Marin and Thierry Verdier

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Abstract: Many experts have identified globalization as the new way in which firms organize their activities and the emergence of talent as the new stakeholder in the firm. This paper examines the role of trade integration in the changing nature of the corporation. International trade leads to a 'war for talent' which makes it more likely that an organizational equilibrium emerges in the integrated world economy in which control is delegated to lower levels of the firm's hierarchy empowering human capital. Furthermore, trade integration is shown to lead to waves of decentralization and to convergence in corporate cultures across countries.

Keywords: International trade with endogenous organizations; The rise of human capital; Theory of the firm (search for similar items in EconPapers)
Date: 2012-03
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Published in Journal of International Economics, 2012, 86 (2), pp.209-223. ⟨10.1016/j.jinteco.2011.10.005⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754596

DOI: 10.1016/j.jinteco.2011.10.005

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