TY - BOOK AU - Doremus,Paul AU - Keller,William W. AU - Pauly,Louis W. TI - The Myth of the Global Corporation SN - 9780691223872 AV - HD2755.5 PY - 2022///] CY - Princeton, NJ : PB - Princeton University Press, KW - Competition, International KW - International business enterprises KW - BUSINESS & ECONOMICS / Economics / General KW - bisacsh KW - Baden-Württemberg KW - Bank of Tokyo KW - Banyu Pharmaceuticals KW - Bayerische Vereinsbank KW - DRAM memory chips KW - Daimler-Benz KW - European Union KW - Federal Reserve System KW - Finanzplatz Deutschland KW - General Ceramics KW - Gerlach, Michael KW - Hitachi KW - Mitsui group KW - New Economic Order KW - Nippon Steel KW - Quandt family KW - Sanwa group KW - accounting standards KW - administrative heritage KW - aerospace industry KW - antitrust policies KW - automotive industry KW - biotechnology industry KW - branch banking KW - capital allocation process KW - capital mobility KW - chemical industry KW - churning corporate shares KW - constructivist theory KW - corporate nationality KW - corporatism KW - cosmocorp KW - deregulation KW - developmental democracy KW - dual-use technology KW - economies of scale KW - electronics industry KW - fascism KW - global corporation KW - globalization KW - growth theory KW - high technology industries KW - hysteresis KW - institutionalism KW - leveraged buyouts KW - liberal democracy KW - marketization KW - nationalization KW - path dependence KW - portfolio investment KW - principal-agent analogy KW - relationship banking N1 - Frontmatter --; CONTENTS --; TABLES AND FIGURES --; PREFACE --; Chapter 1 NATIONAL FIRMS IN GLOBAL COMMERCE --; Chapter 2 STATES AND FIRMS: CONVENTIONAL IMAGES, COMPLEX REALITIES --; Chapter 3 NATIONAL FOUNDATIONS OF MULTINATIONAL CORPORATE ACTIVITY (I) --; Chapter 4 NATIONAL FOUNDATIONS OF MULTINATIONAL CORPORATE ACTIVITY (II) --; Chapter 5 THE STRATEGIC BEHAVIOR OF MNCs --; Chapter 6 CORPORATE DIVERSITY AND PUBLIC POLICY --; SELECTED BIBLIOGRAPHY --; INDEX; restricted access N2 - 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 UR - https://doi.org/10.1515/9780691223872?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9780691223872 UR - https://www.degruyter.com/document/cover/isbn/9780691223872/original ER -