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Con Pec 2002; 21:91-110
© 2002 Cambridge Political Economy Society

Article

The Challenge of the Global Business Revolution

Peter Nolan, Dylan Sutherland and Jin Zhang

Judge Institute of Management Studies, University of Cambridge, UK

Abstract

This paper looks closely at a key hypothesis of Stephen Hymer, namely that a small number of giant corporations would soon dominate each sector of the global economy. The article shows that, although the nature of the large corporation has changed profoundly, Hymer's basic insight has proven correct.


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