2014

Born to be Global and the Globalisation Process

Reprint No. 2014:27

Author(s): Pehr-Johan Norbäck and Lars PerssonYear: 2014 Title: World Economy Volume (No.): 37 (5) Pages: 672–689
Online article (restrictions may apply)


During the last decades, we have witnessed a large number of entrepreneurial firms that reach the world market at a fast pace (‘born global firms’). Our analysis suggests that the ongoing globalisation process indeed implies that born to be global firms would be more prominent in the world economy due to the reduction in the cost of exploiting good business ideas globally. However, our analysis also suggests that entrepreneurial firms have incentives to sell their business to incumbents. Indeed, we show that ‘born to be sold global firms’ can be even more frequent as a result of trade liberalisation and the international deregulation of the market for corporate control.


Reference:
Norbäck, Pehr-Johan and Lars Persson (2014), "Born to be Global and the Globalisation Process". World Economy 37(5), 672–689.

Pehr-Johan Norbäck

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Lars Persson

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lars.persson@ifn.se

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