The Impact of Large Firms in Promoting Economic Growth, Exports and Regional Integration: A Chandlerian Perspective with Emphasis on East Asia
Chandler’s work is well known. He has amply demonstrated that large firms played a huge role in the economic take-off and development of countries such as Germany and especially the USA. In this paper his thesis is extended to the whole world, by considering various countries, economically integrated regions, their exports and economic achievement. The largest firms in the world are examined in this context. Chandler’s thesis is thus confirmed with this analysis and some quantitative evidence is provided in that respect. In particular, Korea’s position is quite strong in the region of East Asia following Japan’s leadership. This paper also demonstrates that SMEs role in economic development without the presence of large firms would be rather limited. Last but not least, integration seems to take place even without the existence of formal agreements due to the presence of large firms.
|Date of creation:||2006|
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- Langlois, Richard N., 2004.
"Chandler in a Larger Frame: Markets, Transaction Costs, and Organizational Form in History,"
Enterprise & Society,
Cambridge University Press, vol. 5(03), pages 355-375, September.
- Richard N. Langlois, 2003. "Chandler in a Larger Frame: Markets, Transaction Costs, and Organizational Form in History," Working papers 2003-16R, University of Connecticut, Department of Economics, revised Jan 2004.
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- Xiaohui Liu & Chang Shu, 2003. "Determinants of Export Performance: Evidence from Chinese Industries," Economic Change and Restructuring, Springer, vol. 36(1), pages 45-67, March.
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- Andrea Bonaccorsi, 1992. "On the Relationship Between Firm Size and Export Intensity," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 23(4), pages 605-635, December. Full references (including those not matched with items on IDEAS)
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