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The New Corporate Landscape

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The New Corporate Landscape

Economic Concentration, Transnational Governance, and the Corporation

9781800882539 Edward Elgar Publishing
Alexander Styhre, School of Business, Economics and Law, University of Gothenburg, Sweden
Publication Date: April 2022 ISBN: 978 1 80088 253 9 Extent: c 224 pp
Presenting a comprehensive overview of the changes in policies and economic doctrines of the American economy following the 2008 global financial crisis, this book critically examines the reformation of the corporate landscape. Observing the growth of oligopolistic market tendencies and increased economic concentration, it draws on scholarly literature from economics, management studies and legal theory to provide an integrated perspective on the causes and consequences of the crisis.

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Presenting a comprehensive overview of the changes in policies and economic doctrines of the American economy following the 2008 global financial crisis, this book critically examines the reformation of the corporate landscape. Observing the growth of oligopolistic market tendencies and increased economic concentration, it draws on scholarly literature from economics, management studies and legal theory to provide an integrated perspective on the causes and consequences of the crisis.

Discussing the growth of oligopolistic market niches in the American economy, chapters explore their causes, including the influence of “anti-antitrust” scholars on legal enforcement practices and the resulting relaxation of antitrust law. The book moves on to highlight their consequences, including the growth of monopsony and labour market concentration. Alexander Styhre uses aggregate economic equality data across the book to show that the working class in advanced economies has not been compensated for the globalisation of the economy. It concludes by looking towards the long-term consequences of rising economic concentration, examining non-traditional labour contracts, new employment relations, lower entrepreneurial activities, and lower labour compensation in the new corporate landscape.

This informative book will be useful to students and scholars of business ethics and trust, corporate governance and organisation studies. It will also be a critical read for policymakers concerned with the causes and consequences of economic inequality.
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