Globalization and the Empowerment of Talent

Arbeitspapier

Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SFB/TR 15 Discussion Paper ; No. 1

Classification and Topics

• Classification: Wirtschaft ; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation ; Empirical Studies of Trade ; Firm Organization and Market Structure ; Organizational Behavior; Transaction Costs; Property Rights
• Subject: international trade with endogenous organizations ; the rise of human capital ; theory of the firm ; Rybczynski Theorem of firm organization

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Marin, Dalia ; Verdier, Thierry
• Event: Veröffentlichung
• (who): Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
• (where): München
• (when): 2004

Further information

• DOI: doi:10.5282/ubm/epub.13545
• Handle: http://hdl.handle.net/10419/94009
• URN: urn:nbn:de:bvb:19-epub-13545-6
• Last update: 10.03.2025, 11:42 AM CET