Markets Globalisation by Firms from Emerging Markets and Small Countries

Tamir Agmon
Additional contact information
Tamir Agmon: Tamir Agmon is a Professor of Financial Economics at the Institute of Innovation and Entrepreneurship at the School of Business, Economics and Law at Gothenburg University, Sweden, and at the Graduate School of Business, the College of Management, Israel. The final draft of this article was written while he was a visiting scholar at the William Davidson Institute at the University of Michigan. E-mail: agmont@012.net.il.

Review of Market Integration, 2010, vol. 2, issue 2-3, 291-316

Abstract: This article focuses on the role of governments and companies from emerging markets and small countries in the process of market integration. The process of market integration has begun after World War II. At the beginning of the period market integration was the outcome of the way that large companies in the developed countries increase their value via international business activities. Not surprisingly most of the research was based on models of industrial organisation. The world has changed and market integration has become a two-way street where firms and governments from emerging markets and small countries are as active as the developed countries MNEs and their governments. In this article the basic international trade model is used to gain insights of the new world of international business and market integration. In particular, a dynamic model of changing factor intensity and of creating local specific competitive and comparative advantages for firms and governments from emerging markets is presented and discussed.

Keywords: Market integration; the economics of international business; international trade models; emerging markets (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/097492921000200305 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:revmar:v:2:y:2010:i:2-3:p:291-316

DOI: 10.1177/097492921000200305

Access Statistics for this article

More articles in Review of Market Integration from India Development Foundation
Bibliographic data for series maintained by SAGE Publications ().