Alliance Capitalism and Corporate Management: Entrepreneurial Cooperation in Knowledge Based Economies (New Horizons in International Business series)

As national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognized. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy. The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances. Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy. As national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognised. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy. The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances. Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy. Contents......Page 6 Figures......Page 8 Tables......Page 9 Contributors......Page 11 Foreword......Page 13 Preface......Page 15 1. Relational assets, networks and international business activity......Page 18 2. Alliance capitalism and macroeconomic policies......Page 41 3. Alliance capitalism and microeconomic policies......Page 62 4. Inter-firm R&D partnering in high technology industries......Page 80 5. Financial liberalization, alliance capitalism and the changing structure of financial markets......Page 109 6. Corporate alliances in the world trading system......Page 146 7. Corporate alliances and competition policies......Page 171 8. Alliance capitalism in Europe......Page 188 9. EU growth strategy and the new economy......Page 209 10. American alliance capitalism......Page 224 11. Japan’s network capitalism in evolution......Page 247 12. Alliance capitalism, FDI and developing countries......Page 266 13. Alliance capitalism and collective management......Page 292 Index......Page 326 Thirteen essays, drawn from a 2001 conference sponsored by Saint Mary's U., Halifax, pay tribute to the work of Dunning (emeritus, international investment and business studies, U. of Reading, IK; international business, Rutgers U., Newark, NJ), who kicks off the discussion by characterizing relational assets (R-assets) in the operation of multinational firms. Boyd (political science, Rutgers U.; Saint Mary's U.) further links R-assets with macroeconomic policies. Basing their work on comparisons between corporate and policy-level activities within, and between, the US and EU, contributors advocate cooperation to overcome market/policy failures. Annotation ©2003 Book News, Inc., Portland, OR