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Retrospective and prospective views about the future of the multinational enterprise

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  • De Beule, Filip
  • Van Den Bulcke, Daniel
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    Abstract

    This paper reflects upon Buckley and Casson's seminal volume The Future of the Multinational Enterprise (1976). Retrospectively, it examines the reasons for the impact of The Future on research in international business, on the one hand, while it reviews the merit of the different chapters in today's economic environment. The paper subsequently also introduces some prospective views on the use of internalization theory, which are elaborated upon in the other papers in this issue.

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    Bibliographic Info

    Article provided by Elsevier in its journal International Business Review.

    Volume (Year): 18 (2009)
    Issue (Month): 3 (June)
    Pages: 215-223

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    Handle: RePEc:eee:iburev:v:18:y:2009:i:3:p:215-223

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/133/description#description

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    Related research

    Keywords: Internalization theory Multinational enterprise Transaction costs;

    References

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    1. Alan M Rugman & Alain Verbeke, 2004. "A perspective on regional and global strategies of multinational enterprises," Journal of International Business Studies, Palgrave Macmillan, vol. 35(1), pages 3-18, January.
    2. Dunning, John H., 2004. "The contribution of British scholarship to international business studies," International Business Review, Elsevier, vol. 13(2), pages 257-279, April.
    3. A Edward Safarian, 2003. "Internalization and the MNE: a note on the spread of ideas," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 116-124, March.
    4. Teece, David J., 1982. "Towards an economic theory of the multiproduct firm," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 39-63, March.
    5. Peter J Buckley & Mark C Casson, 1998. "Models of the Multinational Enterprise," Journal of International Business Studies, Palgrave Macmillan, vol. 29(1), pages 21-44, March.
    6. Peter J Buckley & Mark Casson, 1996. "An Economic Model of International Joint Venture Strategy," Journal of International Business Studies, Palgrave Macmillan, vol. 27(4), pages 849-876, December.
    7. Alan Rugman, 1980. "Internalization as a general theory of foreign direct investment: A re-appraisal of the literature," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 116(2), pages 365-379, June.
    8. John H Dunning, 2003. "Some antecedents of internalization theory," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 108-115, March.
    9. Bernard Yeung, 2003. "Introduction to the JIBS Symposium Honoring the 25th Anniversary of The Future of the Multinational Enterprise," Journal of International Business Studies, Palgrave Macmillan, vol. 34(2), pages 101-107, March.
    10. Buckley, Peter J & Casson, Mark, 1981. "The Optimal Timing of a Foreign Direct Investment," Economic Journal, Royal Economic Society, vol. 91(361), pages 75-87, March.
    11. Peter J Buckley & Mark Casson, 1996. "An Economic Model of International Joint Venture Strategy," Journal of International Business Studies, Palgrave Macmillan, vol. 27(5), pages 849-876, December.
    12. Peter J Buckley, 1990. "Problems and Developments in the Core Theory of International Business," Journal of International Business Studies, Palgrave Macmillan, vol. 21(4), pages 657-665, December.
    13. Mark Blaug, 2001. "No History of Ideas, Please, We're Economists," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 145-164, Winter.
    14. Zander, Ivo, 1999. "Whereto the multinational? The evolution of technological capabilities in the multinational network," International Business Review, Elsevier, vol. 8(3), pages 261-291, August.
    15. Erin Anderson & Hubert Gatignon, 1986. "Modes of Foreign Entry: A Transaction Cost Analysis and Propositions," Journal of International Business Studies, Palgrave Macmillan, vol. 17(3), pages 1-26, September.
    16. Peter J Buckley, 1988. "The Limits of Explanation: Testing the Internalization Theory of the Multinational Enterprise," Journal of International Business Studies, Palgrave Macmillan, vol. 19(2), pages 181-193, June.
    17. Nicole Adler & Niron Hashai, 2007. "Knowledge flows and the modelling of the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan, vol. 38(4), pages 639-657, July.
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    Cited by:
    1. Jiménez, Alfredo & Delgado-García, Juan Bautista, 2012. "Proactive management of political risk and corporate performance: The case of Spanish multinational enterprises," International Business Review, Elsevier, vol. 21(6), pages 1029-1040.

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