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Specialization and coordination

In: Managing Transaction Costs in the Era of Globalization

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Abstract

Frank A.G. den Butter explains the importance and means of keeping transaction costs as low as possible. He illustrates how this transaction management can contribute to making firms and nations more competitive by exploiting gains from the division of labour and international fragmentation of production, and uses relevant case studies to illustrate how value is created by reducing transaction costs. Policy recommendations for strengthening the competitive position of trading nations and reducing implementation costs of government policy are presented, and management methods for creating value in organizing production on a global scale are prescribed.

Suggested Citation

  • ., 2012. "Specialization and coordination," Chapters, in: Managing Transaction Costs in the Era of Globalization, chapter 2, pages 12-20, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14748_2
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    File URL: https://www.elgaronline.com/view/9781781001301.00008.xml
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    Cited by:

    1. Paulus, Dominique & Van den Heede, Koen & Gerkens, Sophie & Desomer, Anja & Mertens, Raf, 2013. "Development of a national position paper for chronic care: Example of Belgium," Health Policy, Elsevier, vol. 111(2), pages 105-109.
    2. Randers, Jorgen, 2012. "Greenhouse gas emissions per unit of value added (“GEVA”) — A corporate guide to voluntary climate action," Energy Policy, Elsevier, vol. 48(C), pages 46-55.

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    Economics and Finance;

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