A commentary on Peter Buckley's writings on the global factory.

Zusammenfassung

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RESEARCH ARTICLE

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Auszug

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A commentary on Peter Buckley's writings on the global factory.

Abstract:

* Peter Buckley's writings on the global factory with specific reference to the paper in this focused issue are discussed in this commentary.

* The commentary points to the possible vulnerabilities of the global factory as an organisational form and links these vulnerabilities to features of the governance regime that supports the global factory.

* The power of the global factory is not purely organisational but also political. The latter is particularly important when considering the impact of the global factory on world welfare and economic development.

Keywords: Global factory--Multinational corporations * Global value chains * The visible hand * Embeddedness * Econcomic development

Introduction

Buckley's recent writings on the Global Factory (Buckley 2009, 2010, 2011; Buckley and Ghauri 2004) represent a sustained intellectual effort aimed at identifying 'the big question' capable of rejuvenating the perceived faltering of the research agenda of international business (Buckley 2002; Buckley and Lessard 2005). Thus the analysis of globalisation with a focus on the dramatic change in the ownership and location strategy of the multinational company (MNC) is seen as providing one such big question. The paper in the present issue focuses specifically on the integration and coordination in the Global Factor...

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