European Integration and Competitiveness
Acquisitions and Alliances in Industry. New Horizons in International Business Series
European firms have used external growth operations to improve competitiveness and benefit from economies of scale, in preparation both for the European single market and increasing economic globalization.
European Integration and Competitiveness uses original data to examine mergers, acquisitions and cooperative alliances between firms in the period from 1980 to 1992. A comparison of the evolution of external growth operations within the European Community, and between EC and non-EC firms, is followed by a series of sectoral chapters which analyse original data on external growth operations over a 10 year period. Using this information, the contributing authors examine the role of external growth operations in the strategies of firms. The rationale of the single market, with lower barriers of entry within the EC and economies of scale, is shown to be insufficient to improve the competitiveness.
Firstly because firm's strategies have to answer the globalization trends and secondly because external growth operations may have widened the gap between the competitiveness of firms and the competitiveness of nations.
This unique and important book compares mergers, acquisitions and alliances, to show why a firm may choose one type of operation to another. It will be welcomed by economists and students in the fields of industrial economics, international economics and European studies, as well as public and business policymakers.
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What Reviewers Are Saying
`An excellent study which demonstrates that the single market is insufficient in improving competitiveness due to other external factors.' -- Aslib Book Guide `The data gathered here are going to be very useful for those interested in studying further the complex phenomena related to EC integration.' -- J.C. Cachon, Journal of European Integration `. . . this is indeed a most useful contribution to the analysis of strategic alliances. . . . a very timely and welcome addition to the literature of contemporary industrial behaviour.' -- -Peter Stubbs, The Manchester School