By François Chesnais, Visit Amazon's Grazia Ietto-Gillies Page, search results, Learn about Author Central, Grazia Ietto-Gillies, , Roberto Simonetti
Explores the hyperlinks among the choices of world-wide globalization and eu integration that are open to latest enterprises, highlighting even if there are conflicts or complementaries among them. The booklet is split into components: the 1st half appears to be like at particular mechanisms and developments of globalization within the context of alterations as a result of ecu integration. the second one half considers the function of innovation and expertise diffusion as a part of the mixing and globalization ideas.
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Extra resources for European Integration and Global Corporate Strategies
The second type of cross-border rationalization, which has grown at the expense of the first one, is that of ‘horizontal’ integration in which affiliates in given countries are assigned by TNC headquarters a ‘product mandate’ within a given range of final products. Large affiliates incorporated into an international corporate structure following M&A are likely to be assigned such a status since it facilitates the process of corporate integration and the merging of possibly very contrasting corporate cultures.
Estimates from the figures in the SESSI database suggest that more than 80 per cent of exports by US TNCs based in France is to other European countries. 4 provides the clue to the fairly high level and the stability of the average share for Europe as a whole of the final sales made by US TNCs in the host country. We find three countries with percentages around 70 per cent, and four others with significantly lower percentages. The former are the largest countries, where the growth in income has permitted the in situ upgrading of subsidiaries that might have started out as ‘truncated miniature replicas’, but quickly grew to ‘full-scale truly competitive replica’ subsidiaries that were capable of reaping economies of scale in the host country’s domestic market.
7 shows: nearly 50 per cent of inward FDI is due to privatization programmes. The convergence and divergence in the global economy The fifth aspect of globalization reflected in this book pertains to the new patterns of convergence and divergence which stem from the combined effects of FDI and financial liberalization and deregulation, the increased mobility of capital they permit, and the emergence of global oligopoly. This pattern is marked on the one hand by convergence in the use of technology, in income level and in life styles between the advanced industrialized countries (some twenty members of OECD), as reflected in this book in the optimistic interpretation of technological globalization proposed by Daniele Archibugi and Simona Iammarino in their chapter.