Globalization and the Empowerment of Talent

Marin, Dalia; Verdier, Thierry

Purchase - $8 CEPR Subscribers Download

Add Paper to My Library

Globalization and the Empowerment of Talent

46 Pages Posted: 22 Dec 2003

See all articles by Dalia Marin

Dalia Marin

Ludwig Maximilian University of Munich (LMU) - Faculty of Economics; CESifo (Center for Economic Studies and Ifo Institute); Centre for Economic Policy Research (CEPR)

Thierry Verdier

Paris School of Economics (PSE); Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics; Centre for Economic Policy Research (CEPR)

There are 2 versions of this paper

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

Marin, Dalia and Verdier, Thierry, Globalization and the Empowerment of Talent (December 2003). Available at SSRN: https://ssrn.com/abstract=481141