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The corporation as institutional adaptation | Princeton University Press

press.princeton.edu · 1,273 words · saved by 1 readers

Both external events and government policy have profoundly influenced the shape and extent of the American corporation.

Share The Corporation and the Twentieth Century Available in 4 editions View Book The COVID-19 pandemic has made the world aware of supply chains, the upstream and downstream—economists would say “vertical”—relationships among the producers of the parts that go into complex systems products like cars and smartphones. We now recognize that external events like pandemics can throw supply chains into chaos, often inducing manufacturers to bring more links under their own control. We are also becoming aware that government policy can influence the degree of vertical integration by encouraging or d

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