Globalization, multinationals and institutional diversity

Morgan, Glenn 2009. Globalization, multinationals and institutional diversity. Economy and Society 38 (4) , pp. 580-605. 10.1080/03085140903190342

Full text not available from this repository.

Abstract

This article aims to explore the impact of globalization and in particular multinationals on diversity within national varieties of capitalism. Do the actions of multinationals create more diversity within national systems, do they reduce diversity or do they have relatively little impact on diversity within national systems? The article argues that there are distinctive structures of institutional diversity across different national systems. Therefore, the question is not how do MNCs impact on institutional diversity per se but how do they impact on these different structures of diversity? In order to develop this argument, the paper also differentiates types of multinational. The article uses distinction between market-seeking, resource-seeking, efficiency-seeking and strategic asset-seeking in order to identify a range of different MNC activity across manufacturing, professional and financial sectors. These different sorts of MNC activity vary across time and contexts in terms of their significance. The article looks in detail at four different models of capitalism and examines how the entry of different sorts of multinationals with distinctive objectives impacts on the relationships between key social actors which underpin and reinforce these models. In this way, it suggests how institutional diversity within different types of capitalism may evolve under the impact of MNCs and globalization.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce H Social Sciences > HG Finance
Uncontrolled Keywords:	Institutional diversity; Multinationals; Models of capitalism
Additional Information:	Special Issue: Capitalist Diversity and Diversity within Capitalism
Publisher:	Taylor & Francis
ISSN:	0308-5147
Last Modified:	19 Mar 2016 22:30
URI:	https://orca.cardiff.ac.uk/id/eprint/18525

Citation Data

Cited 44 times in Scopus. View in Scopus. Powered By Scopus® Data

Actions (repository staff only)

Edit Item