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Globalisation and Competitiveness: Relevant Indicators

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  • Thomas Hatzichronoglou
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    The economy’s entry into its globalisation phase has radically altered the nature of competition. Now, numerous new actors from every market in the world (see section 1 and summary table) are simultaneously in competition on every market. This new competition has accentuated the interdependence of the different levels of globalisation (trade in goods and services, direct investment, technology transfers, capital movements), with direct investment becoming a central factor in the process of industrial restructuring and the development of genuine world industries. To contend with the challenges of globalisation, firms have altered their strategies, strengthening the activities in which they were in a dominant position (refocusing), seeking to achieve critical size and attaching priority to external growth (mergers and acquisitions). At the same time, they have multiplied the number of co-operation agreements and alliances and changed their internal organisation. Globalisation has ... Globalisation and compétitivé : Indicateurs pertinents L’entrée de l’économie dans sa phase de globalisation a radicalement modifié la nature de la concurrence. Désormais sur chaque marché sont en compétition simultanée de nombreux et nouveaux acteurs en provenance de tous les marchés du monde (voir section 1 et tableau récapitulatif). Cette nouvelle concurrence a accentué l’interdépendance des différents niveaux de mondialisation (commerce de produits et des services, investissements directs, transferts technologiques, mouvements de capitaux) où l’investissement direct est devenu un facteur central dans le processus de restructuration industrielle et au développement d’industries véritablement mondiales. Face aux défis de la globalisation, les firmes ont modifié leur stratégie en renforçant les activités sur lesquelles elles étaient en position dominante (recentrage), en cherchant la taille critique et en donnant la priorité à la croissance externe (fusions - acquisitions). Parallèlement elles ont multiplié les accords de coopération ...

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    Paper provided by OECD Publishing in its series OECD Science, Technology and Industry Working Papers with number 1996/5.

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    Date of creation: 01 Jan 1996
    Handle: RePEc:oec:stiaaa:1996/5-en
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