Globalization and the Empowerment of Talent

Globalization has been identified by many experts as a new way
firms organize their activities and as the emergence of talent as
the new stakeholder in the firm. This paper examines the role of
trade integration for the changing nature of the corporation.
International trade leads to a 'war for talent' which makes it more
likely that an organizational equilibrium emerges in the integrated
world economy in which control is delegated to lower levels of the
firms' hierarchy empowering human capital. Furthermore, trade
integration is shown to lead to waves of outsourcing and to
convergence in corporate cultures across countries.