Globalization and the Empowerment of Talent

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 talent as the new stakeholder in the firm. This paper examines the role of trade integration for 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 firms' hierarchy empowering human capital. Furthermore, trade integration is shown to lead to waves of outsourcing and to convergence in corporate cultures across countries.

Keywords: international trade with endogenous organizations; the rise of human capital; theory of the firm; Rybczynski Theorem of firm organization (search for similar items in EconPapers)
JEL-codes: D23 F12 F14 L22 (search for similar items in EconPapers)
Date: 2003-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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https://epub.ub.uni-muenchen.de/268/1/tradepower12.pdf (application/pdf)

Related works:
Journal Article: Globalization and the empowerment of talent (2012)
Working Paper: Globalization and the empowerment of talent (2012)
Working Paper: Globalization and the Empowerment of Talent (2004)
Working Paper: Globalization and the Empowerment of Talent (2003)
Working Paper: Globalization and the empowerment of talent (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:268

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