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Globalization and the Empowerment of Talent

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  • Marin, Dalia
  • Verdier, Thierry

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.

Suggested Citation

  • Marin, Dalia & Verdier, Thierry, 2003. "Globalization and the Empowerment of Talent," CEPR Discussion Papers 4129, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:4129
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    More about this item

    Keywords

    International trade with endogenous organizations; The rise of human capital; Theory of the firm; Rybczynski theorem of firm organization;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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