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The Moral Basis of Global Capitalism: Beyond the Eclectic Theory

In: The Changing Global Context of International Business

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  • Mark Casson

Abstract

John Dunning’s work has taken a distinctive turn in recent years. He has placed greater emphasis on policy, and addressed much wider issues than before (see, for example, Dunning, 1994). This is particularly evident in his book Global Capitalism at Bay? (2000). The title not only echoes Raymond Vernon’s Sovereignty at Bay (1971), but also conveys Dunning’s concern that capitalism’s survival depends not only on international trade and technology transfer, but also on the efficiency of the institutions that support them. Institutional efficiency depends in turn on the legitimacy conferred by moral systems.

Suggested Citation

  • Mark Casson, 2003. "The Moral Basis of Global Capitalism: Beyond the Eclectic Theory," Palgrave Macmillan Books, in: The Changing Global Context of International Business, chapter 2, pages 5-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50155-3_2
    DOI: 10.1057/9780230501553_2
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    2. Dunning, John H., 2004. "The contribution of British scholarship to international business studies," International Business Review, Elsevier, vol. 13(2), pages 257-279, April.
    3. Peter Buckley & Peter Enderwick, 2025. "Tackling grand challenges: reimagining a moral ecology of globalisation," Asian Business & Management, Palgrave Macmillan, vol. 24(1), pages 33-54, February.
    4. Peter Buckley, 2004. "The Role of China in the Global Strategy of Multinational Enterprises," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 2(1), pages 1-25.
    5. Baucus, Melissa S. & Mitteness, Cheryl R., 2016. "Crowdfrauding: Avoiding Ponzi entrepreneurs when investing in new ventures," Business Horizons, Elsevier, vol. 59(1), pages 37-50.

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