For undergraduate and postgraduate students taking modules in international business, international strategy and global business practice. Explore and understand international business through practical, theory and analytical frameworks International Business, 8th Edition, by Collinson, Narula and Rugman presents data and evidence to assist you to map trends, make predictions and take on the role of decision makers in business and governments, in order to enable you to lead organizations with real insight in a complex, global environment. This textbook connects tried-and-tested theory, analytical frameworks, data and case examples to deliver a comprehensive guide to the subject from authors who keep pace with the ongoing developments in both theory and practice, focusing on the impacts of decisions on both the performance of multinational firms and the societies and economies they work in. Pearson, the world's learning company.

This book offers an important contribution to the contemporary debate on the role of multinational enterprises (MNEs) in economic development in an increasingly globalizing, knowledge-intensive and alliance-based world economy. Each of the chapters touches upon critical issues now facing the global economy. They also address the growing importance of innovative activities of firms in promoting economic development and industrial restructuring, as well as the role of FDI and cooperative agreements in furthering this goal. Emphasis is placed on the increasingly significant role of national governments in promoting the intellectual capital of their indigenous resources and capabilities, and of inter-firm collaborative alliances. Globalization and technological advances are reconfiguring the ingredients of the competitiveness of firms and nation states. They are emphasizing the increasingly important role of both private and social institutions as determinants of the success of corporations and of the economic development of societies. Covering a range of issues from economic development, alliance capitalism, government policies, regional integration and industrial development, this authoritative book will greatly appeal to academics and economists, especially those interested in international business and management.

The eclectic paradigm has arguably become the dominant theoretical basis in the study of FDI, multinational corporations and internationalisation over the last two decades. The contributions to this volume evaluate the eclectic paradigm in the global economy and its validity as a theoretical basis to understand developments such as economic globalization and the subsequent growth of global and alliance capitalism.

It is nowadays well accepted that both economic growth and development are highly dependent on improving not just the availability of capital, but also access to technological capabilities, infrastructure and resources. This has gone hand-in-hand with an increasing economic liberalization of most developing countries. The role of the MNE as a viable source of both capital and technology is one of the key features of this new openness. In the process of embracing FDI as a solution to the myriad of economic ills - something even the World Bank has begun to do - little attempt is made to understand the rationale and the costs associated with this policy stance. Simply put, FDI is not a condition sine qua non for development. Too much emphasis has been placed on attracting FDI, and not on understanding how to optimise the benefits for the host economy. This volume aims to encourage and promote research related to these issues.
This volume was previously published as a special issue of the European Journal of Development Research.

It is well accepted now that economic growth and development are highly dependent on improving not just the availability of capital, but also the technological capabilities, infrastructure and resources available to (and internalized by) firms, individuals and institutions in any country.
Over the last two decades or so, there has been a significant shift away from a inward-looking, import-substituting approach towards a more outward-looking, export-oriented policy orientation. The reasons for this shift are complex, but have to do with developments associated with globalization, trade and debt deficits faced by IS-driven economies, as well as the acknowledged success of the Asian newly industrialized economies (NIEs) in technological and economic 'leapfrogging' within an outward-oriented approach. One of the key features of policy liberalization is the need to attract foreign direct investment (FDI) as a means to acquire or improve technological capabilities through multinational enterprise (MNE) activity.
The role of the MNE as an additional source of capital and technology is one of the key features of this new openness, as alternative sources of capital have become scarcer, exacerbated by economic and financial crises. The failure of protected industries in LDCs to become competitive on global markets has highlighted the limitations of the arms-length technology transfer approach. At the same time, the need to build strong local capabilities has not diminished; on the contrary, it has risen as increasingly mobile factors seek strong complementary factors in sites where they will locate.
Hence, in recent years, both LDC governments and foreign donors have increasinglycome to focus on the role MNEs and FDI can play in development. This has been accompanied by a lifting of many types of regulations that previously limited the role of FDI and MNEs in many developing countries, and a reassessment among donors of the role of public versus private actors in development aid.
However, although liberalization has affected the demand for FDI, it has not necessarily always resulted in an increase of FDI inflows. On the other hand, MNEs have an increasingly wide selection of locations available to them, and relatively speaking, the supply of FDI has not increased proportionally with demand. Furthermore, declining trade barriers and restrictions on trade allow MNEs to supply markets without engaging in local production. A large share of FDI continues to be directed to a relatively small group of countries.
In the process of embracing FDI as a solution to the myriad of economic ills there is a lack of understanding of the need to develop the necessary domestic capacity to attract, and absorb the spillovers and externalities that derive from, FDI. The importance of foreign investment is now taken as given and little attempt is made to understand the rationale and the costs associated with this policy stance. Simply put, FDI is not a condition sine qua non for development. Too much emphasis has been placed on attracting FDI, and not on understanding how to optimize the benefits for the host economy. This volume aims to encourage and promote research related to these issues.
This volume was previously published as a special issue of the European Journal of Development Research.

Contents:
1. The eclectic paradigm in the global economy. John Cantwell and Rajneesh Narula
2. The eclectic (OLI) paradigm of international production: Past, present and future. John H. Dunning
3. New Instructional Economics: An organising framework for OLI. Elizabeth Maitland and Stephen Nicholas
4. FDI and endogenous growth: IB perspectives. Terutomo Ozama and Sergio Castello
5. The co-evolutional advantage: Strategic management theory and the eclectic paradigm. Anoop Madhok and Anupama Phene
6. From OLI to OLMA: Incorporating higher levels of environmental and structural complexity into the eclectic paradigm. Stephen Guisinger
7. From a theory to a paradigm: Examining the eclectic paradigm as a framework in international economics
8. Managerial beliefs, market contestability and dominant strategic orientation in the eclectic paradigm. Timothy M. Devinney, David F. Midgley and Sunil Venaik
9. The Micro-Mechanics of foreign operations' performance: an analysis based on the OLI-framework. Gabriel R.G. Benito and Sverre Tomassen
10. The eclectic paradigm and the recognition of finance-specific factors. Lars Oxelheim, Trond Randøy and Arthur Stonehill
11. The challenge of electronic markets for international business theory. John H. Dunning and Cliff Wymbs
12. The recent globalisation of the italian banking sector. An interpretation based on the ecelctic paradigm. Lucia Piscitello
13. OLI:a critical reflection and some conclusions. Lorraine Eden

Despite the long history of international economic activity and the dominant role of Dutch MNEs in the world economy there has been relatively little academic research in the area. This book explores issues such as:
* What historical precedents underlie the character of Dutch MNE activity
* How and why the technological specialisation of the Dutch economy and its firms has evolved to its current state
* The changing FDI activity of Dutch MNEs
* The strategic aspects of Dutch MNE activity in terms of location and R&D
* The implications for Dutch MNEs of globalisation and economic integration
Comprehensive in its coverage, this book will be of great interest to students and researchers in international business.

The world economy is undergoing significant changes as multinational enterprises play an increasingly important role in the generation of economic wealth. This book examines the dynamic relationship between foreign direct investment, governments and economic development. It seeks to demonstrate the nature of their interaction through a set of 11 studies at various stages of development and attempts to describe the catalytic role governments and multinationals play in determining the evolution, restructuring and upgrading of the competitive and comparative advantages of countries. Studies of countries such as the UK, USA, Sweden, Japan, New Zealand, Mexico, Spain, Taiwan, India, Indonesia and China attempt to illustrate the belief that multinationals' activities and government policy are interdependent. In addition, this work seeks to demonstrate the increasing globalization of production and the crucial role of technology in enhancing the competitive advantages of both firms and countries at all stages of economic development.

This new paperback edition of Foreign Direct Investment and Governments examines the dynamic relationship between foreign direct investment, governments and economic development. The book includes:
* an investigation of the catalytic role played by the governments and multinationals in determining national advantages
* eleven in-depth national studies of the UK, USA, Japan, New Zealand, India, Mexico, Spain, Sweden, China, Indonesia and Taiwan
* analysis of all aspects of the investment development path
Foreign Direct Investment and Governments is an excellent source book for students of international business.

Multinational Investment and Economic Structure examines the relationship between industrial development and foreign direct investment (FDI) activities, and the interaction between multinational (MNE) activity and economic structures. It deals with the changing structure of the world economy as a whole, and the dynamics of the relationship between industrial development and the extent of FDI activities across countries. It evaluates the concurrent (and interrelated) evolutionary processes behind economic growth and MNE activity and how these evolutionary forces impact on the economic structure of individual economies in the industrialised world as their economies converge through globalisation.

The ACADEMY OF INTERNATIONAL BUSINESS (UK and Ireland Chapter) Published in association with the UK and Ireland Chapter of the Academy of International Business. This brand new edited collection addresses the growing uncertainty and socio-economic challenges of globalisation and its profound implications for the strategies and operations of multinational enterprises (MNEs). Responding to the new balance in international business, the authors offer valuable insights into the co-evolutionary processes involved in headquarters-subsidiary relationships, the need for novel strategies by MNEs to retain competitive advantage, improve performance and contribute to the global economy.

Crises and disruptions can lead to important changes in economic, social and institutional environments. This collection of influential JIBS articles and original commentaries highlights that MNEs are affected by, and respond to, crises and disruptions differently than domestic firms due to their geographically dispersed operations and wider range of experiences from being active in diverse environments. MNEs can exhibit greater flexibility to 'avoid' locations characterised by crises and disruptions, and when affected, they can deploy a more refined set of responses relative to domestic firms. Each article is accompanied by a brand new editorial piece, bringing the research right up to date and reflecting on the impact of the article today. In this way, the book offers an integrated perspective on the antecedents, outcomes and potential opportunities associated with a variety of crises and disruptions such as disease outbreaks, natural disasters, climate change and political unrest. An ideal resource for students and researchers, this book offers new perspectives, policy and practical recommendations as well as a discussion of future trends. The volume concludes with a novel analysis on how businesses can move forward in a post-Covid world.

Crises and disruptions can lead to important changes in economic, social and institutional environments. This collection of influential JIBS articles and original commentaries highlights that MNEs are affected by, and respond to, crises and disruptions differently than domestic firms due to their geographically dispersed operations and wider range of experiences from being active in diverse environments. MNEs can exhibit greater flexibility to ‘avoid’ locations characterised by crises and disruptions, and when affected, they can deploy a more refined set of responses relative to domestic firms. Each article is accompanied by a brand new editorial piece, bringing the research right up to date and reflecting on the impact of the article today. In this way, the book offers an integrated perspective on the antecedents, outcomes and potential opportunities associated with a variety of crises and disruptions such as disease outbreaks, natural disasters, climate change and political unrest. An ideal resource for students and researchers, this book offers new perspectives, policy and practical recommendations as well as a discussion of future trends. The volume concludes with a novel analysis on how businesses can move forward in a post-Covid world.

This volume of collected essays by eminent scholars in the fields of International Trade and Investment have been written and edited in honour of H. Peter Gray. Over a career in economics spanning almost 40 years, Peter Gray has been a prolific writer. He has made significant contributions and syntheses in a variety of subfields in international economics; the interaction of national economics and the foreign sector, causes and results of international financial flows, the economics of foreign direct investment, the assignment of policy tools for domestic and international objectives, and the macroeconomic impact of trade policy, among others. He has directly influenced scores of graduate students who continue to carry his passion for inclusiveness of variables in the economic analysis of the causes, effects, and relative importance of shifts in domestic and international economic (and social) variables. Contributors to this volume include John Dunning, John Hagedoorn, Thomas Pugel, Ingo Walter and Gabriel Benito.

The growth of the multinational enterprise (MNE) has led to an increasing interest in international business strategy from scholars, professionals, and policy makers alike. MNEs must contend with challenges in both their home and host international markets, and increasingly uncertain conditions in the international business environment demand superior firm-level capabilities for multinational firms to achieve and maintain competitive advantages in the long-run. This Handbook explores the progress made in international business strategy theory and practice in the last few decades. Written by an international team of leading experts, it captures the differences in motivations and decision-making processes between smaller and larger firms, private, family, and state owned firms, and emerging or developed market multinationals. It elaborates on the links between international strategy and the social responsibilities of the firm in its various host market contexts, including the deployment of effective and ethical human resource practices in international markets. Most importantly, it lays out how the classic principles of international competitive strategy are transformed in today's markets, in great part due to digitalization, and provides suggestions on how MNEs can develop international business strategies to respond to these transformations. The implications of these discussions for strategy and practice are becoming ever more profound. This Handbook will prove a valuable resource for both international business scholars and practitioners.