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Vertical Integration and Joint Ventures in the Aluminum Industry (Hardcover)
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Vertical Integration and Joint Ventures in the Aluminum Industry (Hardcover)
Series: Harvard Economic Studies
Expected to ship within 12 - 17 working days
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A consultant with McKinsey & Company surveys the international
aluminum industry and asks why its various activities are divided
among firms in the way that they are. These components include the
minding of bauxite, its refining into alumina, aluminum smelting,
fabrication, and manufacture of the final product. What is it about
this industry that encourages joint ventures in some cases,
long-term contracts in others, and vertical integration and merger
in still others? The author identifies and analyzes the factors
which motivate firms to adopt one or another of these patterns of
doing business. He draws on and extends recent developments in
theory relating to the operation of markets and organizations, and
tests the power of theories to explain what is observed in the
industry. He has assembled a great deal of empirical evidence,
focusing on the United States, Japan, and Australia. The book
should become the standard study of the aluminum industry.
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