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Essay text:
A change in the perception of the costs and benefits of co-operation can induce an increase in co-operative links between producers and traders. Free and unrestricted trade is based on co-operation between global companies which increase the transaction costs of co-operation and fasten integration processes. Whether or not global corporations co-operate, depends, in this view, on the perceived balance of the costs and benefits of inter-firm cooperation. This is in turn influenced by the historical lessons learnt in a cluster, expressed in a collective mental model of how to run a business successfully...
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