Global Integration ' Global Concentration

Posted: 29 Feb 2008

See all articles by Pankaj Ghemawat

Pankaj Ghemawat

University of Navarra, IESE Business School; New York University (NYU) - Leonard N. Stern School of Business

Fariborz Ghadar

Pennsylvania State University - Department of Finance

Date Written: August 2006

Abstract

There is a widespread belief that increases in the cross-border integration of markets are associated with increases in global concentration along various dimensions. This article reviews the available evidence and presents new data, indicating that increasing global integration has not been accompanied by general increases in four types of global concentration measures: industry seller concentration, cross-industry superconcentration, national/regional hegemony, and geographic concentration. The article also uses the automobile industry to illustrate a bias toward believing concentration is increasing even when it is not and to discuss possible reasons.

Suggested Citation

Ghemawat, Pankaj and Ghadar, Fariborz, Global Integration ' Global Concentration (August 2006). Industrial and Corporate Change, Vol. 15, Issue 4, pp. 595-623, 2006. Available at SSRN: https://ssrn.com/abstract=1095985 or http://dx.doi.org/10.1093/icc/dtl013

Pankaj Ghemawat (Contact Author)

University of Navarra, IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain

New York University (NYU) - Leonard N. Stern School of Business ( email )

Suite 9-160
New York, NY
United States

Fariborz Ghadar

Pennsylvania State University - Department of Finance ( email )

University Park, PA 16802
United States

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