Globalization and the New Enterprise
- 1 May 2003
- journal article
- Published by Oxford University Press (OUP) in Journal of the European Economic Association
- Vol. 1 (2-3) , 337-344
- https://doi.org/10.1162/154247603322390973
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 that affects the behavior of agents inside the corporation. This way, trade integration leads to waves of outsourcing and to convergence in corporate cultures across countries. (JEL: F12, D23, L1, L2)Keywords
All Related Versions
This publication has 5 references indexed in Scilit:
- Integration versus Outsourcing in Industry EquilibriumThe Quarterly Journal of Economics, 2002
- The nature and growth of vertical specialization in world tradeJournal of International Economics, 2001
- Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990sJournal of Economic Perspectives, 2001
- Technology, trade and factor pricesJournal of International Economics, 1999
- Integration of Trade and Disintegration of Production in the Global EconomyJournal of Economic Perspectives, 1998