The Small Worlds of Business Groups: Liberalization and Network Dynamics
The Small Worlds of Business Groups: Liberalization and Network Dynamics
This chapter examines the impact of economic liberalization on business ownership networks in six major emerging economies which include Brazil, Chile, Israel, Mexico, South Korea, and Taiwan. It describes the institutional differences in these countries and analyzes the effect of these differences on the local structure of ownership networks and the configuration of business groups. It also provides data on the specific impact of liberalization on centralization of governance, directors’ networks, and potential implications for competitiveness.
Keywords: economic liberalization, business ownership, emerging economies, institutional differences, business groups, directors’ networks, competitiveness
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