Citation

Discussion Paper Details

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Full Details

Title: Globalization and the 'New Enterprise'

Author(s): Dalia Marin and Thierry Verdier

Publication Date: November 2002

Keyword(s): corporate governance, empowerment, international trade with imperfect competition, outsourcing and theory of the firm

Programme Area(s): Industrial Organization and International Trade and Regional Economics

Abstract: Globalization has been identified by many experts as a new way firms organize their activities. This Paper surveys recent work that examines the role of trade integration between similar and dissimilar countries for these changes in corporate organization. It is shown that international competition and international trade both increase the stakes of the firm, which affects the behaviour of agents inside the corporation. This way, trade integration leads to waves of outsourcing and to convergence in corporate cultures across countries.

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Bibliographic Reference

Marin, D and Verdier, T. 2002. 'Globalization and the 'New Enterprise''. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3640