No.38 Seminar ： Competitive Dynamics of Business Groups in Late-Industrialization
- Asli M. COLPAN（The Hakubi Center）
- 2012/04/17 4:00pm
- The Hakubi Center (iCeMS West Wing 2F, Seminar Room)
- Japanese
Summary
Business groups, which are collections of legally independent companies interconnected by multiple economic and social ties that exhibit widely diversified product portfolios, are the prime and leading economic organization in today’s emerging markets. 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. This seminar aims to provide a systematic and balanced understanding of the nature, characteristics and contribution to national economic growth of these business groups. It provides arguments for the resilience of diversified business groups in face of liberalization and globalization despite the theoretical predictions of their outright demise or eventual convergence into those of the classic Chandlerian multidivisional enterprises.