The Moral Basis of Global Capitalism: Beyond the Eclectic Theory

Mark Casson

Chapter 2 in The Changing Global Context of International Business, 2003, pp 5-38 from Palgrave Macmillan

Abstract: Abstract John Dunning’s work has taken a distinctive turn in recent years. He has placed greater emphasis on policy, and addressed much wider issues than before (see, for example, Dunning, 1994). This is particularly evident in his book Global Capitalism at Bay? (2000). The title not only echoes Raymond Vernon’s Sovereignty at Bay (1971), but also conveys Dunning’s concern that capitalism’s survival depends not only on international trade and technology transfer, but also on the efficiency of the institutions that support them. Institutional efficiency depends in turn on the legitimacy conferred by moral systems.

Keywords: Human Nature; International Business; High Nature; Neoclassical Economist; Capitalist System (search for similar items in EconPapers)
Date: 2003
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Chapter: The Moral Basis of Global Capitalism: Beyond the Eclectic Theory (2010)
Journal Article: The Moral Basis of Global Capitalism: Beyond the Eclectic Theory (2001)
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DOI: 10.1057/9780230501553_2

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