Definition of large and small nations 3
Background and Theory of Alliances 3
a. Free-riding theory 4
Challenges Mobilizing Nations to Produce Public Goods Globally 6
b. Game Theory 6
c. Dependency theory 7
d. Pareto efficiency 8
Strategic alliances have been used over the decades by firms pursuing diverse economic goals. Strategic alliances have become an essential feature in the global economy, especially due to the challenges paused by factors such as rapid globalization. As an emerging way of action, alliances have been viewed as a solution to implementing efficient global strategies capable of enhancing growth ...