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Local Players in Global GamesThe Strategic Constitution of a Multinational Corporation$
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Peer Hull Kristensen and Jonathan Zeitlin

Print publication date: 2004

Print ISBN-13: 9780199275625

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780199275625.001.0001

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Conclusion: Sideshadowing the Future of Globalization

Conclusion: Sideshadowing the Future of Globalization

Chapter:
(p.301) 12 Conclusion: Sideshadowing the Future of Globalization
Source:
Local Players in Global Games
Author(s):

Peer Hull Kristensen (Contributor Webpage)

Jonathan Zeitlin (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199275625.003.0012

Strong versions of the globalization thesis have been widely criticized by social scientists. By focusing on multinational corporations as the putative lead agent of globalization, this study reinforces these critiques by demonstrating that some of the international competitive rivalry which previously existed between firms from different countries has now been internalized within MNCs themselves. It is argued that what Bartlett and Ghoshal (1989, 1998) termed the ‘transnational solution’ — reinterpreted as a deliberative polyarchy based on open coordination and social dialogue — offers a promising approach to the organization of collaborative competition among the globally dispersed units of a multinational federation. Within such a federation, local units in different countries could assist one another in securing access to markets, providing complementary competencies, enhancing flexibility, diversifying risks, and stimulating mutual learning. By tapping into a wide variety of regional economies, labour markets, and the institutional frameworks that underpin them, multinationals organized along these lines could also create new opportunities for innovative cross-fertilization in products and processes.

Keywords:   globalization, MNC, APV, transnational solution, polyarchy, collaborative competition

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