The Changing Global Context of International

This book explores four key issues in the world economy: the changing context of international business, the continuing pace of economic integration, international joint ventures and knowledge management. More specifically the book explores how each of the issues affects the strategies of multinational enterprises (MNEs). The book takes into account the moral basis of global capitalism, made all the more important after the events of September 11th, 2001.

Peter J. Buckley is Professor of International Business at the University of Leeds.

List of Tables

ix

List of Figures

xi

Foreword

xii

Seev Hirsch

Acknowledgements

xviii

Notes on the Contributors

xix

Introduction and overview

1

(4)

Part I The Changing Context of International Business

The Moral Basis of Global Capitalism: Beyond the Eclectic Theory

5

(34)

Mark Casson

Corporations and Structural Change in the World Economy

39

(17)

Alternatives to Decline, Threat or Scarcity: Exit, Voice, Loyalty and Institutional Response

56

(8)

Egypt at a Crossroads: MNEs and Economic Development in a Global Environment

64

(27)

Stephen Young

Part II International Economic Integration and Multinational Enterprises

Foreign Direct Investment and Europe

91

(21)

Jeremy Clegg

Adam R. Cross

European Integration, Regional Subsystems and MNE Responsiveness

112

(36)

Jeremy Clegg

Adam R. Cross

Heinz Tuselmann

Choice of Location and Mode: The Case of Australian Investors in the UK

148

(21)

Ronald W. Edwards

Foreign Market Servicing Strategies in the NAFTA Area

169

(22)

Jeremy Clegg

Nicolas Forsans

Increasing the Size of the `Country': Regional Economic Integration and Foreign Direct Investment in a Globalized World Economy

191

(30)

Jeremy Clegg

Nicolas Forsans

Kevin T. Reilly

Part III International Joint Ventures

Task and Partner-related Selection Criteria in UK International Joint Ventures

221

(43)

Keith W. Glaister

Performance Relationships in UK International Alliances

264

(29)

Keith W. Glaister

Part IV Knowledge Management in Multinational Enterprises

Managing Cross-Border Complementary Knowledge: Conceptual Developments in the Business Process Approach to Knowledge Management in Multinational Firms

293

(29)

Martin J. Carter

Knowledge Management in Global Technology Markets: Applying Theory to Practice

322

(19)

Martin J. Carter

Index

341

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The Changing Global Context of International Business

Summary

Author Biography

Table of Contents

Supplemental Materials