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European cartels, European multinationals and economic de-globalisation: Insights from the rayon industry, c. 1900--1939

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  • Valerio Cerretano

Abstract

This article offers an account of European cartelisation in the rayon industry, with a particular emphasis on the inter-war period. It adds to the debate about the role of European cartels in the multinationalisation of European big business. While showing that cartelisation went hand in hand with rapid growth and a boom in foreign direct investment in the 1920s, it argues that, contrary to a widely held view, the collapse of the international financial system, the smooth working of which was a sine qua non for the functioning of a European sales agency, hindered international cartelisation in the 1930s.

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  • Valerio Cerretano, 2012. "European cartels, European multinationals and economic de-globalisation: Insights from the rayon industry, c. 1900--1939," Business History, Taylor & Francis Journals, vol. 54(4), pages 594-622, January.
    • Handle: RePEc:taf:bushst:v:54:y:2012:i:4:p:594-622
    DOI: 10.1080/00076791.2012.683415
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    References listed on IDEAS

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    1. Owen, Geoffrey, 2010. "The Rise and Fall of Great Companies: Courtaulds and the Reshaping of the Man-Made Fibres Industry," OUP Catalogue, Oxford University Press, number 9780199592890.
    2. Peter J. Buckley & Mark Casson, 1985. "The Economic Theory of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05242-4, December.
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    Cited by:

    1. Amdam, Rolv Petter & Benito, Gabriel R.G., 2022. "Temporality and the first foreign direct investment," Journal of World Business, Elsevier, vol. 57(5).
    2. Valerio Cerretano, 2018. "Multinational business and host countries in times of crisis: Courtaulds, Glanzstoff, and Italy in the interwar period," Economic History Review, Economic History Society, vol. 71(2), pages 540-566, May.
    3. repec:fan:istois:v:html10.3280/isto2021-043004 is not listed on IDEAS

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