The Myth of the Global Corporation

Overview

Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations commonly rest on a myth. They examine key activities of multinational corporations in the United States, Japan, and Europe and explore the relationship between corporate behavior and national institutions and cultures. ...

See more details below
Other sellers (Paperback)
  • All (12) from $1.99   
  • New (6) from $16.98   
  • Used (6) from $1.99   
Sending request ...

Overview

Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations commonly rest on a myth. They examine key activities of multinational corporations in the United States, Japan, and Europe and explore the relationship between corporate behavior and national institutions and cultures. They demonstrate that the world's leading multinationals continue to be shaped decisively by the policies and values of their home countries and that their core operations are not converging to create a seamless global market.

With a wealth of fresh evidence, the authors show that Japanese and German multinationals, in particular, remain only weakly committed to laissez-faire policy orientations and continue to exhibit strong allegiance to national goals in such areas as investment and employment. They also bring to light the consequences of enduring differences in government policies on, for example, industrial cartels, capital markets, and research and development.

The authors agree that the world economy is becoming more complex and integrated as overt barriers to trade and investment fall away. But they conclude that the extent of this integration is decisively limited by structural divergence at the level of the firm. The book will be essential reading for those seeking to understand the growing interdependence of still-distinctive industrial societies and the wellsprings of the true global economy.

Read More Show Less

Editorial Reviews

Harvard Business Review - Bruce Kogut
When it comes to corporate behavior, the authors show convincingly that nationality is destiny. This is a timely and brave book.
From the Publisher
"When it comes to corporate behavior, the authors show convincingly that nationality is destiny. This is a timely and brave book."—Bruce Kogut, Harvard Business Review

"This book provides excellent background reading for anyone interested in multinational corporate finance and investments."Library Journal

"This work is concisely yet lucidly presented. . . . Recommended for all those interested in the global economy."Choice

Harvard Business Review
When it comes to corporate behavior, the authors show convincingly that nationality is destiny. This is a timely and brave book.
— Bruce Kogut
Choice
This work is concisely yet lucidly presented. . . . Recommended for all those interested in the global economy.
Library Journal
Drawing on much governmental research, the authors conclude that, in spite of the recent spate of international mergers, multinational corporations are actually corporate dinosaurs and remain stubbornly national in character, tied to their countries of origin. (LJ 3/15/98)
Read More Show Less

Product Details

  • ISBN-13: 9780691010076
  • Publisher: Princeton University Press
  • Publication date: 5/10/1999
  • Pages: 208
  • Product dimensions: 6.10 (w) x 9.22 (h) x 0.54 (d)

Table of Contents

LIST OF TABLES AND FIGURES ix
PREFACE xi
CHAPTER 1 National Firms in Global Commerce 3
The Appearance of Convergence 4
Innovation and the State 6
Domestic Structures, Multinational Corporate Strategies 7
Overview of the Book 10
CHAPTER 2 States and Firms: Conventional Images, Complex Realities 11
The Nature of MNCs 11
Global-Local Politics 14
The Policy Context 18
CHAPTER 3 National Foundations of Multinational Corporate Activity (I) 22
Corporate Governance and Finance 22
Comparative Analysis of the United States, Germany and Japan, 24
CHAPTER 4 National Foundations of Multinational Corporate Activity (II) 59
Innovation Systems 60
Investment Systems 74
Structural Context and Multinational Corporate Behavior 83
CHAPTER 5 The Strategic Behavior of MNCs 84
Technology and Commerce 84
Direct Investment and Intrafirm Trade 115
Interaction of Corporate Investment, Trade, and Innovation 133
CHAPTER 6 Corporate Diversity and Public Policy 138
Globalization at Bay 138
The Politics of Deepening Economic Integration 142
Public Policy and Increasing Complexity 144
NOTES 151
SELECTED BIBLIOGRAPHY 183
INDEX 189

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)