Chapter 2 Links to seminal articles

Chapter 2 Links to seminal articles

Links to seminal articles as highlighted in the Research Insights features in the book, with commentary.

Peter J Buckley (Ed.)( 2005) What is International Business? London, Macmillan. - top academics give their views on the domain of international business, the appropriate disciplinary focus, means of analysis and teaching of the subject.

M. Casson (2014) The Economic Theory of the Firm as a Foundation for International Business Theory Multinational Business Review 22(3): 205-226.

The economic theory of the firm is central to the theory of the multinational enterprise. Multinationals play an important role in coordinating the international division of labour through internal markets. The paper reviews the economic principles that underlie this view. The paper argues that management capability is a complement to ownership advantage. Ownership advantage determines the potential of the firm, and management capability governs the fulfilment of this potential through overcoming barriers to growth. The analysis is applied to a variety of issues, including out-sourcing, geographical dispersion of production, and regional specialization in marketing.

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