Shareholder Value, Political Work and Globalization in the Pharmaceutical Industry

Abstract

Globalization is a process which can have very different meanings which encompass

• the harmonization of rules between countries and the institutionalization of international rules;

• the increasing proportion of revenues and investments made in foreign markets by multinational corporations;

• the liberalization of financial markets and the increasing international mobility of financial capital;

• a growing number of non-domestic employees within private corporations, thus causing an international division of labour inside each company.