Global integration ≠ global concentration

Pankaj Ghemawat, Fariborz Ghadar

Research output: Contribution to journalReview article

22 Scopus citations

Abstract

There is a widespread belief that increases in the cross-border integration of markets are associated with increases in global concentration along various dimensions. This article reviews the available evidence and presents new data, indicating that increasing global integration has not been accompanied by general increases in four types of global concentration measures: industry seller concentration, cross-industry superconcentration, national/regional hegemony, and geographic concentration. The article also uses the automobile industry to illustrate a bias toward believing concentration is increasing even when it is not and to discuss possible reasons.

Original languageEnglish (US)
Pages (from-to)595-623
Number of pages29
JournalIndustrial and Corporate Change
Volume15
Issue number4
DOIs
StatePublished - Aug 1 2006

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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