MGT 3660 Chapter Notes - Chapter 3: Structural Holes, North American Free Trade Agreement, World Trade Organization
Document Summary
Net(cid:449)orks: ties (cid:271)et(cid:449)een (cid:858)nodes(cid:859) (cid:449)hi(cid:272)h ha(cid:448)e relational and structural attributes. The relational dimension refers to the strength of the tie. The structural component refers to position within the network: centrality: number of ties, o(cid:272)(cid:272)upying a (cid:858)stru(cid:272)tural hole(cid:859): (cid:271)ridging (cid:271)et(cid:449)een t(cid:449)o other entities, density: the ratio of ties to nodes. To affect the world economy, you need to be connected to it: trans-governmental agencies: un, world bank, imf, wto, trans-governmental agreements: nafta, apec, asean, tpp. Technological inputs: research, design, quality control, product and process technologies. Service inputs: procurement, accountancy, insurance, human resources, advertising. Logistical inputs: coordination of supply chains, movement of materials, products, people and information. It is not simply about money, it is about the flow of capital which directs the form, function and stability of gpns. Who shapes the gpn: transnational corporations: through seeking to exploit their ownership advantages.
