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Ceralep Société Nouvelle, France: David and Goliath in the Global Economy

In: Capital and the Debt Trap

Author

Listed:
  • Claudia Sanchez Bajo
  • Bruno Roelants

Abstract

In Chapter 3, we examined the use of debt by absentee investors in order to control enterprises via global chains. We also saw the workers at a loss while management and enterprises seemingly began to follow irrational strategies. The Ceralep story is a typical example of this kind of trend, until the workers reversed the destiny of the business.1

Suggested Citation

  • Claudia Sanchez Bajo & Bruno Roelants, 2011. "Ceralep Société Nouvelle, France: David and Goliath in the Global Economy," Palgrave Macmillan Books, in: Capital and the Debt Trap, chapter 6, pages 136-151, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30852-7_7
    DOI: 10.1057/9780230308527_7
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