EconPapers    
Economics at your fingertips  
 

Recent Trends in International Business: a New Analysis

Mark Casson

Chapter 8 in International Finance and Trade in a Polycentric World, 1988, pp 215-240 from Palgrave Macmillan

Abstract: Abstract The conventional economic theory of international business well explains the stylised facts relating to the growth of horizontally integrated multinationals in high-technology industries during the 1950s and 1960s (Buckley and Casson, 1976; Dunning, 1981; Hymer, 1976; Kindleberger, 1969). It is less successful, however, in explaining some more recent developments (Borner, 1986). These include: 1. the emergence of a new international division of labour, based on off-shore processing in newly-industrialised countries (NICs), according to which a production process is split up into constituent activities dispersed over developed countries and NICs; 2. the rapid growth of multinational operations in the service sector during the 1970s — especially banking, professional business services, retailing and tourist-related industries; 3. the growing prominence of joint ventures and other collaborative arrangements involving enterprises in both the public and private sectors of global industries; and 4. the growing importance of Japanese foreign direct investment (FDI) in the world economy.

Keywords: Foreign Direct Investment; International Business; Joint Venturis; Business Leader; Unskilled Labour (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:intecp:978-1-349-09745-6_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349097456

DOI: 10.1007/978-1-349-09745-6_8

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-23
Handle: RePEc:pal:intecp:978-1-349-09745-6_8