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The influence of local institutional and historical frameworks on a globalized industry: The case of the pharmaceutical industry in France and Quebec

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  • Maé Geymond

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, UP1 - Université Panthéon-Sorbonne)

Abstract

In this paper, we combine the Varieties of Capitalism and the global value chain approaches, considering the interaction between lead firms' global strategies and national capitalism, to show how local pharmaceutical employment results from this interaction. Our analysis is grounded in the comparison between France and Quebec. The first part presents the relevant differences in both historical and institutional elements. Second, after highlighting the similarities that can be attributed to global dynamics, we detail the mechanisms by which local institutions shape the global value chain implantation, giving different forms to the employment structure and dynamics. We show that France is clearly oriented towards manufacturing activity because of industrial history and market features, whereas Quebec has a commercial specialty and an outsourced R&D as a result of high prices and the global organization of research.

Suggested Citation

  • Maé Geymond, 2020. "The influence of local institutional and historical frameworks on a globalized industry: The case of the pharmaceutical industry in France and Quebec," Post-Print halshs-02900915, HAL.
  • Handle: RePEc:hal:journl:halshs-02900915
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-02900915
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    1. Philippe Abecassis & Nathalie Coutinet, 2017. "Les politiques du médicament dans un contexte d’austérité en France et au Royaume-Uni : quel impact sur le modèle de production des big pharma ?," CEPN Working Papers 2017-01, Centre d'Economie de l'Université de Paris Nord.
    2. Cristina Fróes de Borja Reis & André Barroso de Souza, 2018. "Drawing value curves: lessons from financial statements of the world’s biggest manufacturing corporations," Revue d'économie industrielle, De Boeck Université, vol. 0(3), pages 229-262.
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    10. Enda Hannon, 2016. "Industrial policy and employment in the UK: evidence from the pharmaceutical sector," Industrial Relations Journal, Wiley Blackwell, vol. 47(1), pages 2-20, January.
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    Keywords

    political economy; varieties of capitalism; industrial organization; local government; multinational firms; économie politique; variété des capitalismes; organisation industrielle; gouvernement local; firmes multinationales;

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