Globalisation And The Market For Team-Mates  

Oleh:

Lazear, Edward P.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 454 (Mar. 1999), page 15-41.
Fulltext: 15.pdf (279.89KB)

Isi artikel

The globalisation of ®rms is explored at theoretical and empirical levels. The idea is that a global ®rm is a multi-cultural team. The existence of a global ®rm is somewhat puzzling. Combining workers who have different cultures, legal systems, and languages imposes costs on the ®rm that would not be present were all workers to conform to one standard. In order to offset the costs of cross-cultural dealing, there must be complementarities between the workers that are suf®ciently important to overcome the costs. The search for the `best practice' is analysed and empirical support from an examination of trading patterns is provided.

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