From International Trade to Firm Internationalization
AbstractThis paper aims to investigate the evolution of economic theories that explain firms’ internationalization and the development of foreign direct investments. Arguments are intended to show that theoretical approaches in this field are rooted in the period of classical theories of the international trade. Theoretic fundamentals regarding the internationalization of the firm comprise of the literature review, mentioning the main theoretical trends based of which present understanding on transnational companies is formulated. Conclusions show that as the complexity of larger companies’ activity increases, the need for a new theoretical development to explain the relationships among different economic actors appears. Also, the evolution of the economic theories shows that a single theory cannot explain by itself the complexity of the present and especially of the future economic environment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Bucharest Economic Academy in its journal Revista OEconomica 02/2010.
Volume (Year): (2010)
Issue (Month): 02 (June)
theories of international trade; theories of foreign direct investment; theories of firm internationalization;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F20 - International Economics - - International Factor Movements and International Business - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carmen Stoian & Rodica Milena Zaharia, 2009. "Corporate social responsibility in Romania: trends, drivers, challenges and opportunities," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, Inderscience Enterprises Ltd, vol. 1(4), pages 422-437.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alina Popescu).
If references are entirely missing, you can add them using this form.