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Economics of International Business

Author

Listed:
  • Mark Casson

Abstract

Economics of International Business sets out a new agenda for international business research. Mark Casson asserts that it is time to move the subject on from sterile debates about transaction cost economies and resource-based theories of the firm. Instead of focusing on the individual firm, the new agenda focuses on the global systems view of international business. A static view of the firm’s environment is replaced by a dynamic view which highlights the volatility of the international business environment. Coping with volatility requires entrepreneurial skills, flexibility and the need to synthesize information on a global basis. To co-ordinate the global system properly, entrepreneurs must co-operate through social networks of trust, as well as competing. Constructing a network of joint ventures, it is argued, is simply not enough.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Mark Casson, 2000. "Economics of International Business," Books, Edward Elgar Publishing, number 2063.
  • Handle: RePEc:elg:eebook:2063
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Clare, Andrew & Gulamhussen, Mohamed Azzim & Pinheiro, Carlos, 2013. "What factors cause foreign banks to stay in London?," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 739-761.
    2. Gilroy, Bernard Michael & Gries, Thomas & Naudé, Willem & Schmidt, Karl-Heinz & Bauer, Norbert, 2001. "Multinational Enterprises in Africa - A Study of German Firms in South Africa," MPRA Paper 17868, University Library of Munich, Germany.
    3. Farhad Uddin Ahmed & Louis Brennan, 2019. "Performance determinants of early internationalizing firms: The role of international entrepreneurial orientation," Journal of International Entrepreneurship, Springer, vol. 17(3), pages 389-424, September.
    4. Enderwick, Peter & Buckley, Peter J., 2019. "Beyond supply and assembly relations: Collaborative innovation in global factory systems," Journal of Business Research, Elsevier, vol. 103(C), pages 547-556.
    5. Buckley, Peter J., 2016. "Alan Rugman and internalisation theory," International Business Review, Elsevier, vol. 25(3), pages 753-757.
    6. Slavo Radosevic, 2003. "The emerging industrial architecture of the wider Europe: The co-evolution of industrial and political structures," UCL SSEES Economics and Business working paper series 29, UCL School of Slavonic and East European Studies (SSEES).
    7. Ataul Kaium Chowdhury, 2015. "The Theory of Multinational Enterprises: Revisiting Eclectic Paradigm and Uppsala Model," Business and Management Horizons, Macrothink Institute, vol. 3(1), pages 72-79, June.
    8. Mark Casson & Nigel Wadeson, 2012. "Internationalisation Theory," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 15, Edward Elgar Publishing.
    9. repec:dau:papers:123456789/2665 is not listed on IDEAS
    10. Dash, Rupanwita & Ranjan, Kumar Rakesh, 2019. "An Effectual–Causal View of Managerial Decisions in the Internationalization of Indian MNEs," Journal of International Management, Elsevier, vol. 25(1), pages 101-120.
    11. Peter J. Buckley, 2020. "The theory and empirics of the structural reshaping of globalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1580-1592, December.
    12. Peter J. Buckley, 2018. "Internalisation Theory and Outward Direct Investment by Emerging Market Multinationals," Management International Review, Springer, vol. 58(2), pages 195-224, April.
    13. repec:rdg:wpaper:em-dp2004-16 is not listed on IDEAS
    14. Gulamhussen, Mohamed Azzim, 2007. "Choice of scale by banks in financial centers," International Business Review, Elsevier, vol. 16(4), pages 507-525, August.
    15. Buckley, Peter J., 2016. "The contribution of internalisation theory to international business: New realities and unanswered questions," Journal of World Business, Elsevier, vol. 51(1), pages 74-82.
    16. Andersen, Torben Juul & Foss, Nicolai Juul, 2005. "Strategic opportunity and economic performance in multinational enterprises: The role and effects of information and communication technology," Journal of International Management, Elsevier, vol. 11(2), pages 293-310, June.
    17. Estrin, Saul & Meyer, Klaus E. & Wright, Mike & Foliano, Francesca, 2008. "Export propensity and intensity of subsidiaries in emerging economies," International Business Review, Elsevier, vol. 17(5), pages 574-586, October.
    18. Tamar Almor & Niron Hashai & Seev Hirsch, 2006. "The product cycle revisited: Knowledge intensity and firm internationalization," Management International Review, Springer, vol. 46(5), pages 507-528, September.
    19. Will Drover & Matthew S. Wood & G. Tyge Payne, 2014. "The Effects of Perceived Control on Venture Capitalist Investment Decisions: A Configurational Perspective," Entrepreneurship Theory and Practice, , vol. 38(4), pages 833-861, July.
    20. Irina Surdu & Henrich R. Greve & Gabriel R. G. Benito, 2021. "Back to basics: Behavioral theory and internationalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1047-1068, August.
    21. Johan Frishammar & Svante Andersson, 2009. "The overestimated role of strategic orientations for international performance in smaller firms," Journal of International Entrepreneurship, Springer, vol. 7(1), pages 57-77, March.
    22. Eberhard, Manuel & Craig, Justin, 2013. "The evolving role of organisational and personal networks in international market venturing," Journal of World Business, Elsevier, vol. 48(3), pages 385-397.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Business and Management; Economics and Finance; Research Methods;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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