Globalization and the 'New Enterprise'

Arbeitspapier

Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More intense competition and the change in the pattern of specialization following trade liberalization make it both more likely that an organizational equilibrium emerges in which power is delegated to lower levels of the firms' hierarchy empowering human capital. Furthermore, trade integration leads to waves of outsourcing and to a convergence in corporate cultures across countries.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Munich Discussion Paper ; No. 2002-7

Classification and Topics

• Classification: Wirtschaft ; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation ; Organizational Behavior; Transaction Costs; Property Rights
• Subject: international trade with imperfect competition ; corporate governance ; theory of the firm ; empowerment ; outsourcing

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Marin, Dalia ; Verdier, Thierry
• Event: Veröffentlichung
• (who): Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
• (where): München
• (when): 2002

Further information

• DOI: doi:10.5282/ubm/epub.11
• Handle: http://hdl.handle.net/10419/104097
• URN: urn:nbn:de:bvb:19-epub-11-9
• Last update: 10.03.2025, 11:42 AM CET