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The Theory of the Firm Goes Global

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  • Dalia Marin

    () (University of Munich)

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    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 autority in firms, the 'war for talents', the rise of CEO pay in rich countries, organizational convergence across countries, and firm heterogeneity.

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    File URL: http://www.sfbtr15.de/dipa/370.pdf
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    Bibliographic Info

    Paper provided by SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich in its series Discussion Papers with number 370.

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    Date of creation: Jan 2012
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    Handle: RePEc:trf:wpaper:369

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    Related research

    Keywords: International Trade and Organizations; Firm heterogeneity; Organizational convergence; Decentralization in the firm; The rise of the CEO pay;

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