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  The Global Firm: The Problem of the Giant Firm in Democratic Capitalism

Crouch, C. (2010). The Global Firm: The Problem of the Giant Firm in Democratic Capitalism. In D. Coen, W. Grant, & G. Wilson (Eds.), The Oxford Handbook of Business and Government (pp. 148-172). Oxford: Oxford University Press.

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mpifg_am10_148.pdf (Any fulltext), 253KB
 
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 Creators:
Crouch, Colin1, 2, Author           
Affiliations:
1Auswärtiges Wissenschaftliches Mitglied, MPI for the Study of Societies, Max Planck Society, ou_1214545              
2University of Warwick Business School, UK, ou_persistent22              

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Free keywords: Neo-corporatist theory; international political economy; political influence; political analysis; associations; pluralist theory
 Abstract: Three potential resolutions exist in the political theory literature to the problem of how to subject the giant firm to political science analysis. Under pluralist theory, the existence of high levels of competition in both economy and polity prevent concentrations of either economic or political power, and thereby limit or even cancel out any undue influence exercised by particular firms. Under neo-corporatist theory, firms exercise their political influence through formally constituted associations. This both maintains a level playing field among firms, at least within the sectors represented by an association, and makes transparent the way in which influence is exercised. In the theory of international political economy (IPE), the firm is treated more seriously, but is seen as a simple economic actor maximizing its profits, exercising political influence only in order to achieve that goal. This last comes closest to confronting issues of political analysis raised by the giant firm, but does so by “importing” economic theory into political analysis.

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Language(s): eng - English
 Dates: 2010
 Publication Status: Issued
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: eDoc: 491035
DOI: 10.1093/oxfordhb/9780199214273.003.0007
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Title: The Oxford Handbook of Business and Government
Source Genre: Collected Edition
 Creator(s):
Coen, David1, Editor
Grant, Wyn2, Editor
Wilson, Graham3, Editor
Affiliations:
1 University College London, UK, ou_persistent22            
2 University of Warwick, UK, ou_persistent22            
3 Boston University, Boston, Massachusetts, USA, ou_persistent22            
Publ. Info: Oxford : Oxford University Press
Pages: - Volume / Issue: - Sequence Number: - Start / End Page: 148 - 172 Identifier: ISBN: 978-0-19-921427-3
DOI: 10.1093/oxfordhb/9780199214273.001.0001