Citation

Discussion Paper Details

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Title: Globalization and the Empowerment of Talent

Author(s): Dalia Marin and Thierry Verdier

Publication Date: December 2003

Keyword(s): international trade with endogenous organizations, Rybczynski Theorem of firm organization, the rise of human capital 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 and also 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.

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Bibliographic Reference

Marin, D and Verdier, T. 2003. 'Globalization and the Empowerment of Talent'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4129