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: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.cnrs.fr

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: 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 dynamcis. 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: political economy; varieties of capitalism; industrial organization; local government; multinational firms (search for similar items in EconPapers)
JEL-codes: L65 P16 P52 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2020-06
New Economics Papers: this item is included in nep-his and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://mse.univ-paris1.fr/pub/mse/CES2020/20011.pdf (application/pdf)
https://halshs.archives-ouvertes.fr/halshs-02900915

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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:20011

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