The theory of international business: the role of economic models

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Chapter 6 in Global Business, 2023, pp 117-144 from Edward Elgar Publishing

Abstract: This chapter reviews the scope for economic modelling in international business. It argues for a multi-level theory based on classical internalisation theory. The theory extends the ‘systems approach’ to the multinational enterprise in which modular activities, such as production, marketing and R&D, are linked by flows of semi-processed products and proprietary knowledge. It is shown how this theory can be extended from the firm level to the industry level in order to analyse inter-firm co-operation and rivalry. The theory can be extended to higher levels (e.g. the global economy) and lower levels (e.g. personal relationships within plants and offices).

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2023
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