Stephen Hymer: Life and the Political Economy of Multinational Corporate Capital
AbstractThis paper provides a short account of Stephen Hymer's life and (its link to) his contribution to the theory of the multinational enterprise (MNE), but mainly the political economy of multinational corporate capital. It suggests that as concerns the theory of the MNE, Hymer's contribution has in effect predated most current extant theory. His contribution to the political economy of multinational capital, the focus here, is less known, yet of extraordinary insight and foresight. Hymer predates most important debates on what today is called 'globalisation' and came up with analysis of the highest quality and predictions which in the main have stood the test of time. The chief limitation in Hymer's work stems from a tendency to emphasise the monopoly attributes of large MNEs, and the inefficiency and inequity of 'multinational corporate capital'. In part because of this tendency, some of his later work involved predictions that did not necessarily and/or fully follow from his analytical framework, were shaped by 'ideology' and were of varying agrees of accuracy. Despite limitations, Hymer's overall contribution and impact fully deserves the almost 'cult' status he has acquired in the history of economic thought and international business scholarship. Copyright 2002, Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Oxford University Press in its journal Contributions to Political Economy.
Volume (Year): 21 (2002)
Issue (Month): 1 (December)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://www.cpe.oupjournals.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Pitelis, Christos, 2009. "Foreign direct investment and economic integration," MPRA Paper 23938, University Library of Munich, Germany.
- Pearce, Robert & Papanastassiou, Marina, 2006. "To 'almost see the world': Hierarchy and strategy in Hymer's view of the multinational," International Business Review, Elsevier, vol. 15(2), pages 151-165, April.
- Buckley, Peter J., 2006. "Stephen Hymer: Three phases, one approach?," International Business Review, Elsevier, vol. 15(2), pages 140-147, April.
- Yamin, Mohammad & Forsgren, Mats, 2006. "Hymer's analysis of the multinational organization: Power retention and the demise of the federative MNE," International Business Review, Elsevier, vol. 15(2), pages 166-179, April.
- Bitzenis, Aristidis & Tsitouras, Antonis & Vlachos, Vasileios A., 2009. "Decisive FDI obstacles as an explanatory reason for limited FDI inflows in an EMU member state: The case of Greece," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 691-704, August.
- Strange, Roger & Newton, James, 2006. "Stephen Hymer and the externalization of production," International Business Review, Elsevier, vol. 15(2), pages 180-193, April.
- Pease, Stephanie & Paliwoda, Stanley & Slater, Jim, 2006. "The erosion of stable shareholder practice in Japan ("Anteikabunushi Kosaku")," International Business Review, Elsevier, vol. 15(6), pages 618-640, December.
- Pitelis, Christos, 2007. "Edith Penrose and a learning-based perspective on the MNE and OLI," MPRA Paper 24318, University Library of Munich, Germany.
- Pitelis, Christos & Teece, David, 2009. "The (new) nature and essence of the firm," MPRA Paper 24317, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.