Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/89627 
Authors: 
Year of Publication: 
2013
Series/Report no.: 
CESifo Working Paper No. 4509
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to flatter corporate hierarchies and the decentralization of authority in firms, the “war for talent”, the rise of CEO pay in rich countries, organizational convergence across countries, and firm heterogeneity.
JEL: 
F12
F14
L22
D23
Document Type: 
Working Paper
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