Globalization and the Empowerment of Talent
46 Pages Posted: 22 Dec 2003
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Globalization and the Empowerment of Talent
Date Written: December 2003
Abstract
Globalization has been identified by many experts as a new way firms organize their activities and also as the emergence of talent as the new stakeholder in the firm. This Paper examines the role of trade integration for the changing nature of the corporation. International trade leads to a 'war for talent', which makes it more likely that an organizational equilibrium emerges in the integrated world economy in which control is delegated to lower levels of the firms' hierarchy empowering human capital. Furthermore, trade integration is shown to lead to waves of outsourcing and to convergence in corporate cultures across countries.
JEL Classification: D23, F12, F14, L22
Suggested Citation: Suggested Citation
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