No.22 Seminar ： Business Groups and the Wealth of Emerging Nations
- Asli M. Colpan（The Hakubi Center）
- 2011/06/21 4:00pm
- The Hakubi Center (iCeMS West Wing 2F, Seminar Room)
- English
Summary
Business groups are large, diversified and often family-controlled organizations such as the Japanese zaibatsu, the Korean chaebol and the grupos economicos in Latin America. They played a critical role as the common form of big business especially in emerging economies. Many have shown remarkable resilience, navigating and adjusting to economic and political turbulence, international competition, and technological change. Business groups, however, have not quite enjoyed an honorable reputation in social science research as they are often seen as a second-best economic institution in the absence of well-functioning markets. Despite their early contributions to industrialization, their prolonged resilience is often argued to be harmful to economic wellbeing. This seminar aims to provide a systematic and balanced understanding of the nature, characteristics and contribution to national economic growth of these business groups.