In the epoch of global business revolution, the world's leading firms have undergone a revolutionary transformation. Firms from developing countries are disadvantaged to compete on the global level playing field of international big business. This paper investigates the competitiveness of...

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...

As China joins the World Trade Organization, the author questions whether China’s large firms will be able to compete on the global level playing field. Over the past two decades, Chinese large enterprises have undertaken extensive evolutionary change but, at the same time, the world’s...