Alliance Capitalism and Corporate Management: Entrepreneurial Cooperation in Knowledge Based Economies (New Horizons in International Business)

As national economies become more closely linked, the value of more active corporate and policy-level co-operation is becoming increasingly recognized. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy. The authors examine balances between the competitive and co-operative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate co-operation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy-level activities in the US and the EU, and between the US and the EU. The potential advantages of strengthening co-operation are stressed with emphasis on imperatives being set by continuing technological advances.