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Merchants to Multinationals: British Trading Companies in the Nineteenth and Twentieth Centuries

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  • Jones, Geoffrey

    (Geoffrey Jones is Joseph C. Wilson Professor of Business Administration, Department of Entrepreneurial Management, Harvard Business School)

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    Abstract

    Merchants to Multinationals examines the evolution of multinational trading companies from the eighteenth century to the present day. During the Industrial Revolution, British merchants established overseas branches which became major trade intermediaries and subsequently engaged in foreign direct investment. Complex multinational business groups emerged controlling large investments in natural resources, processing, and services in Asia, Latin America, and Africa. While theories of the firm predict the demise over time of merchant firms, this book identifies the continued resilience of British trading companies despite the changing political and business environments of the twentieth century. Like Japanese trading companies, they 're-invented' themselves in successive generations. The competences of the trading companies resided in their information-gathering, relationship-building, human resource, and corporate governance systems. This book provides a new dimension to the literature on international business through the focus on multinational service firms and its evolutionary approach based on confidential business records.

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    Bibliographic Info

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    This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199249992 and published in 2002.

    ISBN: 9780199249992
    Order: http://ukcatalogue.oup.com/product/9780199249992.do
    Handle: RePEc:oxp:obooks:9780199249992

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    Web page: http://www.oup.com/

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    Cited by:
    1. Christos N. Pitelis & David J. Teece, 2010. "Cross-border market co-creation, dynamic capabilities and the entrepreneurial theory of the multinational enterprise," Industrial and Corporate Change, Oxford University Press, vol. 19(4), pages 1247-1270, August.

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