Globalization and the 'New Enterprise'

Dalia Marin and Thierry Verdier

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More intense competition and the change in the pattern of specialization following trade liberalization make it both more likely that an organizational equilibrium emerges in which power is delegated to lower levels of the firms' hierarchy empowering human capital. Furthermore, trade integration leads to waves of outsourcing and to a convergence in corporate cultures across countries.

Keywords: international trade with imperfect competition; corporate governance; theory of the firm; empowerment; outsourcing (search for similar items in EconPapers)
JEL-codes: D23 F12 L1 L2 (search for similar items in EconPapers)
Date: 2002-09
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://epub.ub.uni-muenchen.de/11/1/0207_marin.pdf (application/pdf)

Related works:
Journal Article: Globalization and the New Enterprise (2003)
Working Paper: Globalization and the "New Entreprise" (2003)
Working Paper: Globalization and the new enterprise (2003)
Working Paper: Globalization and the 'New Enterprise' (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:11

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