Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94009
Authors: 
Marin, Dalia
Verdier, Thierry
Year of Publication: 
2004
Series/Report no.: 
SFB/TR 15 Discussion Paper 1
Abstract: 
Lecture on the first SFB/TR 15 meeting, Gummersbach, July, 18 - 20, 2004: Globalization has been identified by many experts as a new way firms organize their activities and 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.
Subjects: 
international trade with endogenous organizations
the rise of human capital
theory of the firm
Rybczynski Theorem of firm organization
JEL: 
F12
F14
L22
D23
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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