Academic journal article The Journal of Social, Political, and Economic Studies

BASF: The History of A Company

Academic journal article The Journal of Social, Political, and Economic Studies

BASF: The History of A Company

Article excerpt

BASF: The History of A Company Werner Abelhauser, Wolfgang von Hippel, Jeffrey Allan Johnson, and Raymond G. Stokes. Cambridge University Press, 2004.

This is an in-depth study of a major German industrial and commercial complex by cooperating authors from the Universities of Mannheim, Villanova and Glasgow, respectively. As the dust jacket informs us, the corporate history of BASF spans an era of German and international economic history that began with the rise of "new industries" as a newly united Germany industrialized in the late nineteenth century and continues today in their confrontation with what is described as the "new economy" - the international market.

The authors examine BASF's corporate governance, financial system, industrial relations, and relation to other companies. Unfortunately it was completed too soon to tell us how BASF is coping in this current year with the present malaise in a Germany that faces competition from China and other Asian nations. Modern Germany is handicapped by a socialist welfare system that is aggravated by growing interference from the European Union - which comprises a new level of governmental controls superimposed on the existing national bureaucracies of Europe. …

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