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The Challenge of the Global Business Revolution


  • Peter Nolan
  • Dylan Sutherland
  • Jin Zhang


This paper looks closely at a key hypothesis of Stephen Hymer, namely that a small number of giant corporations would soon dominate each sector of the global economy. The article shows that, although the nature of the large corporation has changed profoundly, Hymer's basic insight has proven correct. Copyright 2002, Oxford University Press.

Suggested Citation

  • Peter Nolan & Dylan Sutherland & Jin Zhang, 2002. "The Challenge of the Global Business Revolution," Contributions to Political Economy, Oxford University Press, vol. 21(1), pages 91-110, December.
  • Handle: RePEc:oup:copoec:v:21:y:2002:i:1:p:91-110

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    Cited by:

    1. John Mathews, 2006. "Dragon multinationals: New players in 21 st century globalization," Asia Pacific Journal of Management, Springer, vol. 23(1), pages 5-27, March.
    2. Bonaglia, Federico & Goldstein, Andrea & Mathews, John A., 2007. "Accelerated internationalization by emerging markets' multinationals: The case of the white goods sector," Journal of World Business, Elsevier, vol. 42(4), pages 369-383, December.
    3. Milberg, William., 2004. "The changing structure of international trade linked to global production systems : what are the policy implications?," ILO Working Papers 993701203402676, International Labour Organization.
    4. Federico BONAGLIA & Andrea GOLDSTEIN & John MATHEWS, 2006. "Accelerated Internationalisation by Emerging Multinationals: the Case of White Goods Sector," Working Papers 270, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    5. repec:ilo:ilowps:370120 is not listed on IDEAS
    6. Yamin, Mohammad & Forsgren, Mats, 2006. "Hymer's analysis of the multinational organization: Power retention and the demise of the federative MNE," International Business Review, Elsevier, vol. 15(2), pages 166-179, April.

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