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Can Australia Compete Internationally? The Old Question Revisited in the Light of New Evidence

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  • Geoffrey Lewis
  • Tatiana Zalan

Abstract

Recent empirical studies established that Australian multinational corporations (MNCs) have been unsuccessful in international markets and explained the reasons behind this lack of success. The purpose of this paper is to elaborate on issues that flow from this recent empirical work. We develop propositions to stimulate further research into the economic consequences of international diversification in the Australian context. We also discuss the implications of the evidence for managers of MNCs and industry policy.

Suggested Citation

  • Geoffrey Lewis & Tatiana Zalan, 2005. "Can Australia Compete Internationally? The Old Question Revisited in the Light of New Evidence," Asia Pacific Business Review, Taylor & Francis Journals, vol. 11(3), pages 309-326, September.
    • Handle: RePEc:taf:apbizr:v:11:y:2005:i:3:p:309-326
    DOI: 10.1080/13602380500068516
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    References listed on IDEAS

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    1. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    2. Forsyth, P.J., 1990. "Can Australian Compete? A Perspective on the International Competitiveness of the Australian Economy," CEPR Discussion Papers 246, Centre for Economic Policy Research, Research School of Economics, Australian National University.
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