International business Books

Book SynopsisIn this revised second edition, Hans Jansson develops and applies an international business and marketing strategy framework to contemporary complex global markets. This cutting-edge textbook explores the major challenges associated with doing business in complex and turbulent emerging markets, stressing the strategic importance of the natural environment. Taking a holistic perspective that integrates stakeholder and shareholder views, this textbook employs an innovative network institutional framework to achieve sustainable competitive advantages by creating economic, social and ecological values with stakeholders. This updated edition includes: The international network strategy (INS), offering a framework for connecting MNCs and multinational exporters with parties in new economic, social and natural environments, and the international matching strategy (IMS), dealing with how MNCs achieve legitimacy An overview of the historical development of the supranational environment, structured as three waves of the internationalization of firms, including the integration of foreign direct investment into the global value chain Dedicated chapters outlining the development of research on international business, strategy, marketing, networks and institutions A methodology for analysing the institutional context of foreign local markets. Insightful and enlightening, this textbook is ideal for postgraduate students of international business, strategy and marketing. This book will also offer frameworks and strategic tools for managers, consultants and practitioners confronting strategic issues in complex markets.Trade Review‘International Business Strategy in Complex Markets is a thorough study of how European multinationals located in mature markets have managed to enter complex emerging markets and how they have solved various problems.’ -- Tiia Vissak, Journal of East European Management StudiesTable of ContentsContents: PART I THE SOCIETAL PERSPECTIVE 1 A network institutional approach to international business strategy PART II THE EXTERNAL ENVIRONMENT 2 The Third wave of internationalization of firms 3 Assessing emerging markets PART III RESEARCH HISTORY 4 Historical overview of international business research PART IV INTERNATIONAL BUSINESS STRATEGY 5 International business strategy determined 6 The international business strategy model PART V THE NETWORK VIEW 7 The network view of international business strategy 8 International network strategy in industrial markets 9 International networking processes 10 Entry strategy of multinational exporters PART VI THE INSTITUTIONAL VIEW 11 The institutional view 12 Analyzing external institutional contexts 13 International matching strategy PART VII INS + IMS = IBS 14 International stakeholder strategic management 15 International business strategy towards government 16 Evaluation and change of international business strategy PART VIII Appendix The institutional view: Theoretical background Index

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Book SynopsisBringing together preeminent international scholars in the field, the updated second edition of this comprehensive Encyclopedia offers detailed analyses of critical concepts in entrepreneurship by the leading thinkers in the field.This illuminating resource contains 76 entries addressing the intricacies of global entrepreneurship in the 21st century. Covering topics including blockchain technology, digital entrepreneurship, ethical concerns for entrepreneurs, mental health in entrepreneurship, rural entrepreneurship and sustainable entrepreneurship, this authoritative reference work sheds light on the multilayered entrepreneurial world, providing crucial insights into navigating the nuances of the New Economy.Providing readers with a unique guide for the contemporary business age, this Encyclopedia is an indispensable point of reference for scholars and researchers exploring new research opportunities as well as students in need of a thorough overview of the key concepts in the field. It will also benefit practitioners searching for advanced understanding of complex entrepreneurship topic.Trade Review'This second edition of World Encyclopedia of Entrepreneurship is especially and unreservedly recommended for professional, community, corporate, college, and university library Contemporary Business reference collections in general, and Entrepreneurship supplemental curriculum studies reading lists in particular.' -- James A Cox, Midwest Book ReviewTable of ContentsContents: Foreword by A. Roy Thurik Foreword by Hans Landström Preface 1. Chinese immigrant entrepreneurs Tenghao Zhang, Pi-Shen Seet, Janice Redmond, Jalleh Sharafizad and Wee-Liang Tan 2. Compensatory entrepreneurship Benson Honig 3. Coopetition as an entrepreneurial strategy James M. Crick and David Crick 4. Corporate entrepreneurship Donald F. Kuratko, Michael H. Morris and Jeffrey G. Covin 5. Corporate entrepreneurship: new insights Olga Belousova , Aard Groen and Norris Krueger 6. Corporate venturing Garima Jha and Robert D. Hisrich 7. Cross-disciplinary entrepreneurship education Dianne H. B. Welsh 8. Defining the entrepreneur Louis Jacques Filion 9. Digital entrepreneurship Kerstin Wagner and Oliver Som 10. Digital platforms Donato Cutolo and Jan Vang 11. Disabled entrepreneurs Wilson Ng 12. Early foreign market entries of new-technology-based firms Regis Coeurderoy and Murray Gordon 13. Economics and entrepreneurship William J. Baumol 14. Employee start-­ups Andreas Koch 15. Entrepreneurial exporters Martin Hannibal and Tage Koed Madsen 16. Entrepreneurial hubris Vita Akstinaite and Eugene Sadler-Smith 17. Entrepreneurial learning Jennifer R. Carter, Claire Leitch and Valerie Stead 18. Entrepreneurial networks Howard E. Aldrich, Martin Ruef and Steven Lippman 19. Entrepreneurial sensemaking, sensebreaking and sense-demanding Gabi A. Kaffka and Norris Krueger 20. Entrepreneurs in the fashion industry Michelle Brandstrup 21. Entrepreneurs versus entrepreneurial Karen Williams-Middleton, Martin Lackéus and Mats Lundqvist 22. Entrepreneurship and blockchains Galia Kondova 23. Entrepreneurship as a competence Margherita Bacigalupo 24. Entrepreneurship in Biotechnology Călin Gurău 25. Entrepreneurship in the ethnic ownership economy Ivan H. Light 26. Entrepreneurship in the printing sector Naomi J. Dana 27. Entrepreneurship policy David B. Audretsch 28. Environment for entrepreneurship Jean-Jacques Obrecht 29. Ethics and entrepreneurship Alan E. Singer 30. Ethnic minority entrepreneurship Léo­Paul Dana and Michael Morris 31. Evolution of entrepreneurship: toward stewardship-­based economics Raymond W.Y. Kao, Rowland R. Kao and Kenneth R. Kao 32. Exit Karl Wennberg 33. Export services Nathalie Belhoste, Rachel Bocquet and Veronique Favre-Bonté 34. Family business Frederik J. Riar and Franz W. Kellermanns 35. Financial issues Jean-Michel Sahut and Eric Braune 36. George Eastman Léo-Paul Dana 37. Global entrepreneurship and transnationalism Ivan H. Light 38. Growth James Bort, Wei Yu and John Wiklund 39. Historical context of entrepreneurship Mark Casson 40. Howard Hughes Teresa E. Dana 41. The Hudson’s Bay Company Lynn Ferguson 42. Humane entrepreneurship Roberto Parente 43. Incubators and support systems for business creation: the French model Luc Duquenne 44. How incubators adapt to a changing world Amandine Maus and Sylvie Sammut 45. Indigenous entrepreneurship as a function of cultural perceptions of opportunity Léo­Paul Dana and Robert Brent Anderson 46. Innovation systems and entrepreneurship research Jan Vang , Heidi Wiig and Léo­Paul Dana 47.Innovative behaviour Yang Song 48. Intermediated internationalization theory Zoltan J. Acs & Siri Terjesen 49. International entrepreneurship Benjamin M. Oviatt, Vladislav R. Maksimov and Patricia P. McDougall 50. Internationalization support ecosystems Alexis Catanzaro and Karim Messeghem 51. Involuntary entrepreneurship Teemu Kautonen, Simon Down, Friederike Welter, Kai Althoff, Jenni Palmroos, Susanne Kolb and Pekka Vainio 52. Islam and entrepreneurship Veland Ramadani 53.Learning business planning Paula Kyrö and M. Niemi 54. Mature-age entrepreneurship Paull C. Weber and Michael T. Schaper 55. Mental health in entrepreneurship Isabella Hatak 56. Open innovation and entrepreneurship Anja Leckel 57. Opportunities approach to international entrepreneurship Joe Schembri and Pavlos Dimitratos 58. Organizational Processes as Foundations of Dynamic Capabilities Shaker Zahra 59. Pastoralism as a form of entrepreneurship among Negev Bedouin A. Allan Degen 60. Poverty and Entrepreneurship in Developed Economies Michael H. Morris 61. Religion as an explanatory variable for entrepreneurship Léo-Paul Dana 62. Research methodology in entrepreneurship Edward Groenland 63. Rural entrepreneurship Gerard McElwee and Andrew Atherton 64. Schumpeter, creative destruction and entrepreneurship Dieter Bögenhold 66. Science Parks Paul Westhead 66. Small island entrepreneurship Godfrey Baldacchino 67. Social entrepreneurship Sarah C. Carraher, Shawn M. Carraher and Dianne H.B. Welsh 68. Sports and entrepreneurship Ben Hattink and Jennifer Wichers 69. Sustainable entrepreneurship Steffen Farny and Julia Binder 70. Teams Leon Schjoed, Sascha Kraus and Cyrine Ben-Hafaïedh 71. Transnational entrepreneurship Israel Drori, Benson Honig and Mike Wright 72. Trust and entrepreneurship Friederike Welter 73. Uncertainty in Innovation Raphael H. Cohen 74. University Spin-Offs Liudvika Leišytė 75. Venture capital Jeffrey M. Pollack and Thomas H. Hawver 76. Walt Disney Léo-Paul Dana

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Book SynopsisThe scope and depth of family business research have been quickly expanding in the last two decades. The editors and contributors to this book present eight recent studies examining the impact of external or internal family conditions on the innovation, growth, and succession of family firms in Asia.By examining the influence of families on firm behaviors and decisions, researchers have been pushing the boundaries of this field. As researchers develop a better understanding of how families influence their businesses, the family conditions, including the properties and dynamics of families, have been found to play significant roles in the business decisions. In addition, globalization as a pressing issue has brought new opportunities and challenges to families and their businesses. This volume comprises diverse topics, including less commonly examined issues such as kinship, immigrant family enterprises, and family asset management. This book is a rich resource for researchers, students, and family business consultants.Trade Review‘In this edited volume, acclaimed scholars Hung-bin Ding, Hsi-Mei Chung, Andy Yu, and Phillip Phan join their intellects and talents to provide an essential synthesis of the latest and emerging research on family business in Asia with an emphasis on innovation, growth, and succession. Featuring an eclectic array of topics and authors, this book is full of cutting-edge insights and discoveries that shall inspire researchers at all levels, and anyone interested in learning more about Asian family businesses and enterprising families.’ -- - Torsten M. Pieper, UNC Charlotte, International Family Enterprise Research Academy (IFERA) and Editor-in-Chief, Journal of Family Business StrategyTable of ContentsContents: 1 Introduction: The Asian entrepreneurial family enterprise 1 Hung-bin Ding and Phillip Phan 2 When and how high family involvement helps a family business: The role of long-term orientation and innovativeness 21 Dina L. Taylor, Soroush Aslani and Dexi Zheng 3 Making sense of succession in family business internationalisation: An exploratory approach 41 Henry Shi 4 The impact of logics-based immigrant context on migrant family enterprises 64 Stone Han, Artemis Chang and Hsi-Mei Chung 5 Conflict behavior and emotions in the escalation and de-escalation of intra- and intergenerational conflict in family business 88 Komala Inggarwati Efendy, Artemis Chang and Roxanne Zolin 6 Toward an e-commerce strategy: Impact of family dynamics 119 Salvatore Tomaselli, Yong Wang, Donella Caspersz and Rong Pei 7 Managerial coaching and its generational differences in Chinese family business: Findings from 12 Chinese cities 171 Ran Michelle Ye, Rong Pei, Katalien Bollen and Martin C. Euwema 8 Paternal aunts as matriarchs in Taiwanese family businesses: An anthropological observation 196 Min-ping Kang and Hung-bin Ding 9 Bifurcation bias and family compensation: The case of Dawu Group 217 Feihu Zheng and Hung-bin Ding

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Book SynopsisThis timely book explores the long-standing process of infrastructural integration across Europe, with a particular focus on the EU member states. It illuminates the main economic infrastructure sectors, including transport, energy and information, examining how the process of infrastructural integration reflects an alignment of the needs of the countries that are the main drivers behind this process.Colin Turner highlights how these inter-governmental driven processes are supported by a series of policy measures undertaken at the supranational level by the EU, largely through the trans-European network initiative. Multidisciplinary chapters offer a thorough examination of trends in regional integration, and an in-depth analysis of core infrastructure sectors. The book further looks at the co-operative territoriality that is needed for the integration process, and that is driven by an alignment between states’ territorial and geo-political strategies.Offering a contextualised analysis within the framework of state strategy, this will be an invigorating read for political economy and public policy scholars, particularly those focussing on the EU. It will also be helpful to public policy practitioners and sector specific consultants looking for up-to-date insights on the topic.Trade Review‘Colin Turner pays due attention to the financial and political challenges of massive transport projects as well as to the emergence of “soft infrastructures” and the role of the market in driving their development. Particularly novel, given the rise of the “information society”, is the focus on political efforts to create a common information area and the crucial role that digital infrastructures now play, considering how norms and standards are managed, and how issues of state control and sovereignty play out. A timely publication looking close up at a fascinating and complex subject that is at the intersection of regionalism, transport planning, geography, security, finance and political economy, technology studies, multi-level governance, EU politics and integration.’ -- Paul Stephenson, Maastricht University, the Netherlands‘Colin Turner’s insightful new book not only provides a comprehensive understanding of how Europe’s infrastructures have integrated over recent times but also useful new conceptual approaches and analytical frameworks for understanding the dynamics and development of infrastructure itself. I highly recommended it for anyone wanting to know more on the subject.’ -- Christopher M. Dent, Edge Hill University, UK‘Over more than twenty years Colin Turner has made a number of incisive and insightful contributions on infrastructure, and this book is another. Its analysis and observations on the concept and practice of regional integration are especially valuable at a moment in which, culturally and politically, disintegration is en vogue.’ -- Andrew, Mearman, University of Leeds, UKTable of ContentsContents: Preface 1. Territoriality and the European infrastructure system 2. The European transport infrastructure system 3. The European energy infrastructure system 4. European information infrastructure 5. European infrastructuring as co-operative territoriality Index

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Book SynopsisProviding a coherent and multidisciplinary approach to digitalization, this Modern Guide aims to systematize how the digitalization process affects infrastructure-based industries, including telecommunications, transport, energy, water and postal services.This important book reviews the literature on how digital technologies can impact infrastructure design, construction and maintenance costs, with specific references for each industry. Contributors analyse how digitalization is disrupting traditional infrastructure managers in terms of capacity management and traffic flows as well as discussing key topics including data governance, data sharing, digital platforms and sector convergence.With special attention devoted to regulatory and governance challenges, this will be welcomed by researchers of network industries and digitalization. This will also be of special interest to academics and scholars interested in the digitalization process, data governance and infrastructure management.Trade Review‘Infrastructures are not digital born, but should become digital. The complexity and intertwinement between elements hinders easy progress. This book is a must-read fore leaders in which the challenges are framed and insight is given into how to move forward.‘ -- Marijn Janssen, Delft University of Technology, the NetherlandsTable of ContentsContents: 1 Digitalizing infrastructure: active management for smarter networks 1 Juan Montero and Matthias Finger 2 Digitalization technologies: the evolution of smart networks 43 Günter Knieps 3 Digitalizing telecommunications: innovation, complexity and diversity in the internet ecosystem 59 Volker Stocker and Günter Knieps 4 Digitalization in road projects: toward a more integrated mobility supply 92 Carlos Oliveira Cruz and Joaquim Miranda Sarmento 5 Digitalizing maritime transport: digital innovation as a catalyzer of sustainable transformation 123 Anastasia Tsvetkova, Magnus Gustafsson and Kim Wikström 6 Digitalizing railways: the platform dilemma 149 Juan Montero 7 Digitalizing aviation infrastructure: the role of technology in overcoming fragmentation 172 Iván László Arnold and Lorenzo Casullo 8 Digitalization in the postal and delivery sector: between electronic substitution of letter mail and thriving e-commerce 198 Christian Jaag 9 Digitalization of the electricity infrastructure: a key enabler for the decarbonization and decentralization of the power sector 217 Nicolò Rossetto and Valerie Reif 10 Digitalization in the drinking water sector: towards smart water supply management 266 Brenda Espinosa Apráez 11 Digitalization, efficiency and convergence 289 Matthias Finger and Juan Montero Index

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Book SynopsisThis comprehensive yet accessible textbook provides readers with an advanced and applied approach to traditional international business that integrates key cross-cultural management topics. Its ten chapters give profound insights into analysing, selecting and entering international markets, strategic partnerships, strategic positioning, global value chains, organizational designs, intercultural interaction, leadership and motivation and international human resources management. For each of these topics, advanced and contemporary theoretical and analytical frameworks are discussed and translated into toolsets that will assist readers in solving practical challenges.Key Features: A strong connection of theoretical foundations with illustrative case studies Integration of current trends and challenges, such as intercultural competence, migration and digitalization, offshoring and global value chains Comprehensive practical examples from multinational firms that demonstrate the value of the frameworks and toolsets included in each chapter An integrative case study that picks up key practical challenges in each chapter and invites the reader to apply theories, frameworks and toolsets A supplementary website that provides multiple materials for furthering readers’ knowledge, including toolsets, further cases and exercises, accompanying videos, quizzes, and presentation slides International Business Strategy and Cross-Cultural Management is a key resource for postgraduate courses on international business management, globalization and entrepreneurship, international human resource management and global marketing. It will also serve as a complementary text for lecturers and students involved in the X-Culture project.Trade Review‘International Business Strategy and Cross-cultural Management: An Applied Approach is not just another standard IB textbook. The book excels in several ways. First, it fulfils the title’s promise of an applied approach by translating IB and cultural theory into many exciting real life company cases and a constructed but realistic case, “Magic Juice”, which reappears in each chapter covering its key topics. The successful application of theory makes the book appealing to students as well as managers facing the challenges of international business, not least the question of how to navigate intercultural interactions. Here, the authors bring two interesting concepts to the table: “the culture map” and “cultural intelligence”. Often, textbooks focus on either IB strategy or cross-cultural management. However, the two topics are closely related and this book offers a happy marriage of the two. I give the book my warmest recommendations.’ -- Bent Petersen, Copenhagen Business School, DenmarkTable of ContentsContents: Preface 1. Analyzing international markets 2. Selecting international markets 3. Analyzing and selecting modes to enter, operate in and exit international markets 4. Entering markets with a partner 5. Developing strategy and strategic positioning in international markets 6. Designing global value chains 7. Designing the MNE organization 8. Navigating intercultural interactions 9. Leading and motivating people in an international environment 10. Building an effective international workforce Index

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Book SynopsisThis comprehensive yet accessible textbook provides readers with an advanced and applied approach to traditional international business that integrates key cross-cultural management topics. Its ten chapters give profound insights into analysing, selecting and entering international markets, strategic partnerships, strategic positioning, global value chains, organizational designs, intercultural interaction, leadership and motivation and international human resources management. For each of these topics, advanced and contemporary theoretical and analytical frameworks are discussed and translated into toolsets that will assist readers in solving practical challenges.Key Features: A strong connection of theoretical foundations with illustrative case studies Integration of current trends and challenges, such as intercultural competence, migration and digitalization, offshoring and global value chains Comprehensive practical examples from multinational firms that demonstrate the value of the frameworks and toolsets included in each chapter An integrative case study that picks up key practical challenges in each chapter and invites the reader to apply theories, frameworks and toolsets A supplementary website that provides multiple materials for furthering readers’ knowledge, including toolsets, further cases and exercises, accompanying videos, quizzes, and presentation slides International Business Strategy and Cross-Cultural Management is a key resource for postgraduate courses on international business management, globalization and entrepreneurship, international human resource management and global marketing. It will also serve as a complementary text for lecturers and students involved in the X-Culture project.Trade Review‘International Business Strategy and Cross-cultural Management: An Applied Approach is not just another standard IB textbook. The book excels in several ways. First, it fulfils the title’s promise of an applied approach by translating IB and cultural theory into many exciting real life company cases and a constructed but realistic case, “Magic Juice”, which reappears in each chapter covering its key topics. The successful application of theory makes the book appealing to students as well as managers facing the challenges of international business, not least the question of how to navigate intercultural interactions. Here, the authors bring two interesting concepts to the table: “the culture map” and “cultural intelligence”. Often, textbooks focus on either IB strategy or cross-cultural management. However, the two topics are closely related and this book offers a happy marriage of the two. I give the book my warmest recommendations.’ -- Bent Petersen, Copenhagen Business School, DenmarkTable of ContentsContents: Preface 1. Analyzing international markets 2. Selecting international markets 3. Analyzing and selecting modes to enter, operate in and exit international markets 4. Entering markets with a partner 5. Developing strategy and strategic positioning in international markets 6. Designing global value chains 7. Designing the MNE organization 8. Navigating intercultural interactions 9. Leading and motivating people in an international environment 10. Building an effective international workforce Index

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Book SynopsisThis important book focuses on the impact of home countries on the international competitiveness of transnational corporations (TNCs). It seeks to explain the geographic concentration of the most internationally competitive TNCs in a single or very few countries, and their uneven performance at these concentration points. The theoretical framework for this analysis is based on a link between the location advantages of countries and the ownership advantages of firms.The book focuses on professional service TNCs as the competitive advantages of these firms are based entirely on intangible, often mobile assets, and they thus provide a striking illustration for the ways in which such assets shape the competitiveness of firms.Analyses of TNCs in several professional service industries based in various countries reveal the dynamic balance between the home and the foreign countries in which the TNCs operate, as well as the combination of country- and firm-specific attributes in shaping the competitiveness of TNCs and the subsequent patterns of global competition.The Origins of the International Competitiveness of Firms extends our knowledge of the determinants of the international competitiveness of TNCs, and will be of interest to scholars and students of international business and business strategy, and to those working in the fields of international competition, trade and investment.Trade Review'. . . her [Nachum's] book is an important addition to the literature on foreign direct investments.' -- Y. Aharoni, Journal of Economics/Zeitschrift fur NationalokonomieTable of ContentsContents: 1. Introduction 2. The National Origin of the Ownership Advantages of Firms 3. The Impact of Home Countries on the Ownership Advantages of Firms 4. Ownership Advantages and Competitiveness 5. The Strength and Sustainability of the Impact of Home Countries on the Competitiveness of Firms 6. The Impact of Home versus Foreign Countries on the Competitiveness of Firms 7. FDI and the Impact of Home Countries on the Competitiveness of Firms 8. The Limitations of the Impact of Home Countries on the Competitiveness of Firms and the Role of Individual Firms 9. Conclusions References Index

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Book SynopsisBusiness firms from the emerging markets of Asia, Africa, Eastern Europe and Latin America are becoming increasingly important players in the global economy. Owned and controlled by indigenous nations these emerging transnational corporations are greatly influenced by the social and institutional contexts of their home countries. As a result of the process of globalization, these corporations are engaged in a diverse range of international operations including the establishment of wholly-owned foreign subsidiaries, to joint ventures and strategic alliances.This authoritative collection sheds new light on the global and regional operations of business firms from emerging markets and shows how the pressures of the competitive global economy help shape the management and organisation of these firms.The Globalization of Business Firms from Emerging Economies presents a comprehensive and authoritative selection of the most important articles and papers on this subject published during the last twenty five years. Drawing on a wide range of sources, it will improve access to an important literature which is crucial to the understanding of a significant new area of international business. The collection will be of particular interest to students, researchers, scholars and practitioners involved in international business, industrial economics and economic geography.Trade Review'. . . this is an excellent collection, providing a comprehensive and well-structured cross-section of what is undoubtedly a rapidly expanding and important literature. . . . they would certainly make an excellent addition to the reference or short-term loan shelves of any library, and will be used by research students and scholars from a wide variety of disciplines.' -- Neil M. Coe, Progress in Development Studies'The strength of the book is that it provides diverse perspectives on developing-country TNCs from different disciplines, including business history, development studies, geography, political science, and regional studies. It also covers not only Asian TNCs, but others in Africa, Eastern Europe, and Latin America, so that the reader has a shortcut to knowledge on developing-country TNCs from this collection. The book's major contribution lies in providing fresh insights into the social and economic origins of international business and production.' -- Yong-Sook Lee, Economic GeographyTable of ContentsContents: Volume I: Acknowledgements • Introduction: Competing in the Global Economy: The Globalization of Business Firms from Emerging Economies Part I: The Origins and Characteristics of Transnational Business Firms from Emerging Economies 1. L. Ronald Scheman (1973), ‘The Multinational in a New Mode: Ownership by the Developing Countries’ 2. D. Lecraw (1977), ‘Direct Investment by Firms from Less Developed Countries’ 3. Kyung-il Ghymn (1980), ‘Multinational Enterprises from the Third World’ 4. Peter O’Brien (1980), ‘The New Multinationals: Developing-country Firms in International Markets’ 5. Sanjaya Lall (1983), ‘The Rise of Multinationals from the Third World’ 6. J. Monkiewicz (1986), ‘Multinational Enterprises of Developing Countries: Some Emerging Characteristics’ 7. Francis M. Ulgado, Chwo-Ming J. Yu and Anant R. Negandhi (1994), ‘Multinational Enterprises from Asian Developing Countries: Management and Organizational Characteristics’ 8. Henry Wai-chung Yeung (1994), ‘Transnational Corporations from Asian Developing Countries: Their Characteristics and Competitive Edge’ Part II: Theoretical Perspectives on the Globalization of Business Firms from Emerging Economies 9. John H. Dunning (1981), ‘Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach’ 10. J.P. Agarwal (1985), ‘Intra-LDCs Foreign Direct Investment: A Comparative Analysis of Third World Multinationals’ 11. John H. Dunning (1986), ‘The Investment Development Cycle Revisited’ 12. C. Min Han and Thomas L. Brewer (1987), ‘Foreign Direct Investments by Korean Firms: An Analysis with FDI Theories’ 13. Raj Aggarwal and Tamir Agmon (1990), ‘The International Success of Developing Country Firms: Role of Government-Directed Comparative Advantage’ 14. Michael J. Ferrantino (1992), ‘Transaction Costs and the Expansion of Third-World Multinationals’ 15. Henry Wai-chung Yeung (1994), ‘Third World Multinationals Revisited: A Research Critique and Future Agenda’ 16. M. Krishna Erramilli, Sanjeev Agarwal and Seong-Soo Kim (1997), ‘Are Firm-Specific Advantages Location-Specific Too?’ Part III: The Influence of Social and Institutional Contexts on the Globalization of Business Firms from Emerging Economies 17. Dennis J. Encarnation (1982), ‘The Political Economy of Indian Joint Industrial Ventures Abroad’ 18. Che-hung Chen (1986), ‘Taiwan’s Foreign Direct Investment’ 19. Woong Shik Shin and Eugene J. Oh (1990), ‘Recent Developments in Korea’s Foreign Investment’ 20. Josephine Smart and Alan Smart (1991), ‘Personal Relations and Divergent Economies: A Case Study of Hong Kong Investment in South China’ 21. Chi kin Leung (1993), ‘Personal Contacts, Subcontracting Linkages, and Development in the Hong Kong–Zhujiang Delta Region’ 22. Henry Wai-chung Yeung (1998), The Political Economy of Transnational Corporations: A Study of the Regionalization of Singaporean Firms’ Part IV: The Strategies of Transnational Corporations from Emerging Economies 23. Peter J. Buckley and Hafiz Mirza (1988), ‘The Strategy of Pacific Asian Multinationals’ 24. Brian Levy (1988), ‘Korean and Taiwanese Firms as International Competitors: The Challenges Ahead’ 25. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1988), ‘Globalizing Strategies for Multinationals from Developing Countries’ 26. Tung-lung Chang and Phillip D. Grub (1992), ‘Competitive Strategies of Taiwanese PC Firms in Their Internationalization Process’ 27. Keun Lee and Michael G. Plummer (1992), ‘Competitive Advantages, Two-Way Foreign Investment, and Capital Accumulation in Korea’ 28. Peter Ping Li (1994), ‘Strategy Profiles of Indigenous MNEs from the NIEs: The Case of South Korea and Taiwan’ 29. Tom Wesson (1994), ‘Toward a Fuller Understanding of Foreign Direct Investment: The Example of Hyundai’s Investment in the U.S. Personal-Computer Industry’ 30. Detelin S. Elenkov (1995), ‘Russian Aerospace MNCs in Global Competition: Their Origin, Competitive Strengths and Forms of Multinational Expansion’ 31. Stephen Young, Chun-Hua Huang and Michael McDermott (1996), ‘Internationalization and Competitive Catch-Up Processes: Case Study Evidence on Chinese Multinational Enterprises’ 32. C. Samuel Craig and Susan P. Douglas (1997), ‘Executive Insights: Managing the Transnational Value Chain – Strategies for Firms from Emerging Markets’ Name Index Volume II: Acknowledgements Part I: The Organization of Transnational Corporations from Emerging Economies 1. Sanjaya Lall (1982), ‘The Emergence of Third World Multinationals: Indian Joint Ventures Overseas’ 2. Seamus G. Connolly (1984), ‘Joint Ventures with Third World Multinationals: A New Form of Entry to International Markets’ 3. Stephen B. Tallman and Oded Shenkar (1990), ‘International Cooperative Venture Strategies: Outward Investment and Small Firms from NICs’ 4. Rik Donckels and Johan Lambrecht (1995), ‘Joint Ventures: No Longer a Mysterious World for SMEs from Developed and Developing Countries’ 5. Chol Lee and Paul W. Beamish (1995), ‘The Characteristics and Performance of Korean Joint Ventures in LDCs’ 6. Henry Wai-chung Yeung (1997), ‘Business Networks and Transnational Corporations: A Study of Hong Kong Firms in the ASEAN Region’ Part II: Impact of the Globalization of Business Firms from Emerging Economies 7. Krishna Kumar (1982), ‘Third World Multinationals: A Growing Force in International Relations’ 8. Jeffrey B. Nugent (1982), ‘Multinational Joint Venture Companies of Developing Countries as Instruments of Economic Integration for Development’ 9. C.M. Rogerson (1986), ‘Third World Multinationals and South Africa’s Decentralization Programme’ 10. Donald J. Lecraw (1993), ‘Outward Direct Investment by Indonesian Firms: Motivation and Effects’ 11. Qi Luo and Christopher Howe (1993), ‘Direct Investment and Economic Integration in the Asia Pacific: The Case of Taiwanese Investment in Xiamen’ 12. Chyau Tuan and Linda F.-Y. Ng (1995), ‘The Turning Point of the Hong Kong Manufacturing Sector: Impact of Outward Investment to the Pearl River Delta’ 13. Nicholas A. Phelps, John Lovering and Kevin Morgan (1998), ‘Tying the Firm to the Region or Tying the Region to the Firm? Early Observations on the Case of LG in South Wales’ Part III: Sectoral Studies of Business Firms from Specific Emerging Economies 14. Louis T. Wells, Jr. (1978), ‘Foreign Investment from the Third World: The Experience of Chinese Firms from Hong Kong’ 15. Rachelle L. Cherol and José Nuñez del Arco (1983), ‘Andean Multinational Enterprises: A New Approach to Multinational Investment in the Andean Group’ 16. Krishna Kumar and Kee Young Kim (1984), ‘The Korean Manufacturing Multinationals’ 17. Pang Eng Fong and Rajah V. Komaran (1985), ‘Singapore Multinationals’ 18. Rajiv Lall (1986), ‘Third World Multinationals: The Characteristics of Indian Firms Investing Abroad’ 19. Lim Mah Hui and Teoh Kit Fong (1986), ‘Singapore Corporations Go Transnational’ 20. Yongwook Jun (1987), ‘The Reverse Direct Investment: The Case of the Korean Consumer Electronics Industry’ 21. Premachandra Athukorala and S.K. Jayasuriya (1988), ‘Parentage and Factor Proportions: A Comparative Study of Third-World Multinationals in Sri Lankan Manufacturing’ 22. Christopher Wells (1988), ‘Brazilian Multinationals’ 23. C.M. Rogerson (1990), ‘Sun International: The Making of a South African Tourism Multinational’ 24. Michael McDermott (1991), ‘Taiwan’s Electronic Companies are Targeting Europe’ 25. Tain-Jy Chen (1992), ‘Determinants of Taiwan’s Direct Foreign Investment: The Case of a Newly Industrializing Country’ 26. Ye Gang (1992), ‘Chinese Transnational Corporations’ 27. Yoong-Deok Jeon (1992), ‘The Determinants of Korean Foreign Direct Investment in Manufacturing Industries’ 28. Erdener Kaynak and Tevfik Dalgic (1992), ‘Internationalization of Turkish Construction Companies: A Lesson for Third World Countries?’ 29. Raul de Gouvea Neto (1995), ‘Brazilian Emerging Multinationals: A Conduit for Export of Technology’ 30. Xianming Chen (1996), ‘Taiwan Investments in China and Southeast Asia: “Go West, but Also Go South”’ 31. Christopher M. Dent and Claire Randerson (1996), ‘Korean Foreign Direct Investment in Europe: The Determining Forces’ 32. K.C. Fung (1996), ‘Mainland Chinese Investment in Hong Kong: How Much, Why, and So What?’ 33. Kris Olds (1998), ‘Globalization and Urban Change: Tales from Vancouver via Hong Kong’ Name Index

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Book SynopsisThis highly accessible book explains the theoretical, historical and political background of the North American Free Trade Agreement (NAFTA), its impact and the debates surrounding its existence. In addition the authors provide a brief introduction to the theory of economic integration as well as a succinct overview of the evolution of the global economy, and the institutions that manage it, in the post World War II period.Key issues examined include: how and why NAFTA emerged in the early 1990s and its performance since implementation the economic development and commercial policy of each member country in the context of the rapidly changing global economy NAFTA's technical strengths and limitations the debates which still rage between its proponents and critics The team of US, Canadian and Mexican authors argue that while NAFTA has introduced novel social and environmental innovations in trade agreements, given Mexico's macroeconomic volatility, it provides a less than perfect approach for managing North America's rapidly expanding economic integration.North American Economic Integration can be used by a wide audience from students to professionals and academics from any discipline with an understanding of the basic principles of economics. Specifically, the book will be welcomed by students of international economics, political economy and international relations.Trade Review'. . . excellent introduction and overview of developments leading up to the implementation of the North American Free Trade Act. Recommended for general readers and undergraduate students.' -- G.T. Potter, Choice'It is rare to find a book written by so many authors that reads as smoothly as this. What distinguishes this volume from other books on the reasons for NAFTA is its wider approach to the topic. Rather than simply focusing on the immediate reasons for the negotiation of NAFTA the authors place this agreement in a larger historical context. They review the evolution of the global economy in the postwar period as well as the specific industrial strategies of the NAFTA partners. A signal contribution of the book is the attention it gives to the analysis of international trade and the benefits of global and preferential trading arrangements.' -- Maureen Appel Molot, Carleton University, Canada'This is a first-rate text for undergraduate students because of the readable way the trilateral group of authors from Canada, Mexico and the US discuss the evolution of trade theory and then relate this to the development of trade policy in each of their countries and the process of trade integration in North America.' -- Sidney Weintraub, Centre for Strategic and International Studies, Washington DC, US'Thoroughly researched and lucidly written, this impressive book is not only a key reference source on NAFTA, but a definitive guide to emergent issues in trade policy.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Preface Part I: Introduction 1. NAFTA in the Global Context 2. International Integration: Theory and Practice 3. The Global Economy after World War II Part II: Introduction 4. The United States after World War II 5. Canada’s Economic Development and Integration 6. Mexico’s Economic Development Part III: Introduction 7. North American Economic Integration: Trial by Fire 8. NAFTA and Beyond References Glossary Index

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Book SynopsisHow do business leaders think as a result of their national culture? This book provides a discussion and comparative analysis of five major cultures - American, Arab, Chinese, Japanese and Scandinavian - and how they reveal themselves in business practice.The author begins by introducing the concept of culture and why it is important, addressing issues such as values, beliefs and assumptions and the consequences of these. Bjorn Bjerke then goes on to address corporate culture and business strategy as well as some myths associated with national cultures. Looking at the five specific cultures he addresses cultural themes and presents a typified picture of the business leader in each of these. He concludes that there are five different capitalist systems governing these cultures, and that the business leader plays a different role in each. Extending this discussion, the author questions whether the culture-free business leader exists and, if so, what the characteristics of such a person might be.Business Leadership and Culture will enlighten students, scholars and business people about the consequences of culture for international business and management.Trade Review'A thorough, insightful, piece of work that should be included on any "leadership" reading list.' -- Long Range Planning'Throughout, Bjerke carefully cites the supporting literature of the general social sciences as well as that of management and business organization. The volume's cumulative development is impressive in its marshalling of the diverse approaches and insights while probing into the special characteristics of each of the five national cultures selected. . . Recommended for international business collections, upper-division undergraduate through professional.' -- J.C. Thompson, ChoiceTable of ContentsContents: Foreword 1. To Understand Culture 2. Corporate Culture 3. Business Leadership and National Culture 4. American Culture 5. Arab Culture 6. Chinese Culture 7. Japanese Culture 8. Scandinavian Culture 9. A Comparative Analysis and Interpretation 10. The Cultural Business Leader References Index

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Book SynopsisThis major book provides a new understanding of systems of corporate governance, notably in the USA, Japan and the EU. It discusses how governance influences corporate cultures and strategies, particularly in response to the effects of deepening integration in the world economy. These effects present challenges for governments, obliging them to focus increasingly on problems of the management of structural and foreign trade policies. Challenges in international financial markets also have to be confronted by policymakers as industries are funded more and more through cross-border investments, which reflect the responses of systems of corporate governance to globalization.The book links studies of corporate governance with surveys of efficiencies and failures in international financial markets, as well as examining aspects of corporate governance systems that have special significance for the management of economic policies as globalization continues. The contributors advocate increased international cooperation to promote more structural complementarities in the world economy.Trade Review'Researchers and students of globalisation are well advised to acquaint themselves with this book.' -- I. Hagg, International Business Review'. . . this book will advance the debate on corporate governance among academics, corporate decision-makers, consultants, experts in corporate law and finance and officials in financial institutions.' -- From the foreword by J. Colin Dodds, Saint Mary's University, CanadaTable of ContentsContents: Foreword by J. Colin Dodds Preface 1. Systemic Perspectives on Corporate Governance Systems 2. Corporate Governance and Corporate Performance 3. Capital Markets and Control of Enterprises in the Global Economy 4. Capital and Labour Market Congruence and Corporate Governance 5. Macromanagement Patterns and Corporate Governance 6. US Corporations in Globalization 7. Japanese Firms in Deepening Integration 8. Reforming Corporate Governance 9. The Changing Corporate Governance Paradigm 10. The State, Law and Corporate Governance 11. Managing Globalization Index

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Book SynopsisThe growth in global competitiveness and interdependence has led to an increased interest in the role of industrial policy in achieving economic growth objectives.Heather Smith reignites the contentious debate of the role of the state using East Asian economic development in general with particular emphasis on Taiwan and Korea. Using quantitive techniques, the author analyses the view that industry policy interventions were a necessary factor explaining Taiwan's economic performance in the 1980s. Lessons for other countries attempting to upgrade their industrial structure are drawn from the comparative industrialisation experience of Taiwan and Korea, along with: a comprehensive discussion of strategic industry policy with an application to East Asia. discussion on the impact of the 1997-1998 financial crisis in Korea a critique of the structuralist/revisionist literature in the light of the financial crisis. This highly topical study constitutes essential reading for governmental and non-governmental policymakers, business leaders and academics alike.Trade Review'This is a very good piece of research. As a book, it is important because it focuses on important conceptual and empirical issues, namely the role of government and industrial policy in promoting rapid economic growth; and particularly the case of Taiwan as an exemplar of rapid industrial development. The author convincingly refutes the view that sector-specific industrial policy was an important source of Taiwan's rapid industrial growth in the 1980s.' -- Hugh T. Patrick, Columbia University, US'Dr Smith takes Taiwan and Korea as case studies to address fundamental questions concerning the rapid growth and subsequent financial crisis in East Asia: were the Taiwan and Korean governments interventionist in the 1980s? did industry policy play a role in the financial crisis of 1997-1998? Heather Smith has put together a comprehensive discussion of strategic industry policy. She analyses at length the fascinating connection between the growth of the chaebol in Korea, its links to the government and to the financial sector, and the unravelling of the financial crisis in Korea. Her analysis throws light on the fundamental strength that Taiwan has shown throughout the crisis. These are fascinating and important questions vital to the economics profession and of interest to the enormous contingent of economic commentators following the East Asian crisis.' -- Ron Duncan, Australian National University, AustraliaTable of ContentsContents: Introduction: Winning with the Market or Governing the Market? 1. The Role of Government in the Industrialisation of Taiwan and Korea 2. Taiwan’s Industry Policy in the 1980s 3. Korea’s Industry Policy Legacy 4. Picking Winners or Sustaining Losers? 5. Did Industrial Policy Really Contribute to Industrial Upgrading? 6. Determinants of Industrial Competitiveness 7. Did Industry Policy Interventions Result in Sustained Productivity and Export Growth? 8. Revision of the Revisionists: The 1997–8 Asian Crisis Appendices Bibliography Index

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Book SynopsisThe world of finance has been revolutionized in the last twenty years by factors such as the liberalization and subsequent integration of global financial markets and the advances in computing and communications technology. These important changes have led to a stream of financial innovations and theoretical breakthroughs in the area of pricing diverse financial instruments. More than ever before, we witness a process where international securities are traded in a global marketplace.This comprehensive collection encompasses the most recent contributions in the area of international securities. It includes the most important articles on current issues and future development in this key area of international finance. It will be an essential source of reference to researchers, students and practitioners alike.Table of ContentsContents: Volume I Acknowledgements Foreword Richard Roll Preface George Philippatos and Gregory Koutmos Introduction George Philippatos and Gregory Koutmos PART I INTERNATIONAL EQUITIES 1. Richard O. Michaud, Gary L. Bergstrom, Ronald D. Frashure and Brian K. Wolahan (1996), ‘Twenty Years of International Equity Investing’ 2. Giorgio De Santis and Bruno Gérard (1997), ‘International Asset Pricing and Portfolio Diversification with Time-Varying Risk’ 3. Gregory Koutmos (1992), ‘Asymmetric Volatility and Risk Return Tradeoff in Foreign Stock Markets’ 4. Richard Roll (1992), ‘Industrial Structure and the Comparative Behavior of International Stock Market Indices’ 5. Cheol S. Eun and S. Janakiramanan (1986), ‘A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership’ 6. Shinsuke Ikeda (1991), ‘Arbitrage Asset Pricing under Exchange Risk’ 7. Antonios Antoniou, Ian Garrett and Richard Priestley (1998), ‘Macroeconomic Variables as Common Pervasive Risk Factors and the Empirical Content of the Arbitrage Pricing Theory’ PART II INTERNATIONAL DIVERSIFICATION AND PORTFOLIO MANAGEMENT 8. Philippe Jorion and Leonid Roisenberg (1993), ‘Synthetic International Diversification’ 9. Cheol S. Eun, Richard Kolodny and Bruce G. Resnick (1991), ‘U.S.-based International Mutual Funds: A Performance Evaluation’ 10. Hiroshi Konno and Jing Li (1998), ‘Internationally Diversified Investment Using an Integrated Portfolio Model’ 11. Bing Liang (1999), ‘On the Performance of Hedge Funds’ 12. Richard Roll and Stephen A. Ross (1984), ‘The Arbitrage Pricing Theory Approach to Strategic Portfolio Planning’ PART III SECURITY CROSS LISTINGS AND MULTINATIONALS 13. Richard A. DeFusco, George C. Philippatos and Dosoung Choi (1988), ‘Risk, Return and International Investment by US Corporations’ 14. John Doukas and Nickolaos G. Travlos (1988), ‘The Effect of Corporate Multinationalism on Shareholders’ Wealth: Evidence from International Acquisitions’ 15. Anna D. Martin, Jeff Madura and Aigbe Akhigbe (1999), ‘Economic Exchange Rate Exposure of U.S.-Based MNCs Operating in Europe’ 16. Dennis T. Officer and J. Ronald Hoffmeister (1987), ‘ADRs: A Substitute for the Real Thing?’ 17. Leonard Rosenthal (1983), ‘An Empirical Test of the Efficiency of the ADR Market’ 18. Richard A. DeFusco, George C. Philippatos and Dosoung Choi (1990), ‘Differences in Factor Structures between U.S. Multinational and Domestic Corporations: Evidence from Bilinear Paradigm Tests’ 19. John S. Howe and Jeff Madura (1990), ‘The Impact of International Listings on Risk: Implications for Capital Market Integration’ 20. Shelly E. Webb, Dennis T. Officer and Bryan E. Boyd (1995), ‘An Examination of International Equity Markets Using American Depositary Receipts (ADRs)’ PART IV INTERNATIONAL FIXED INCOME SECURITIES 21. Gregory Koutmos (1996), ‘Time Varying Risk Premia in Eurocurrency Rates’ 22. Gikas A. Hardouvelis (1994), ‘The Term Structure Spread and Future Changes in Long and Short Rates in the G7 Countries: Is There a Puzzle?’ 23. Richard W. Kopcke and Ralph C. Kimball (1999), ‘Inflation-Indexed Bonds: The Dog That Didn't Bark’ 24. Charles Pigott (1993–1994), ‘International Interest Rate Convergence: A Survey of the Issues and Evidence’ 25. Peter Kugler (1990), ‘The Term Structure of Euro Interest Rates and Rational Expectations’ PART V FOREIGN EXCHANGE MARKETS 26. Craig S. Hakkio and Anne Sibert (1995), ‘The Foreign Exchange Risk Premium: Is It Real?’ 27. Bernard Dumas and Bruno Solnik (1995), ‘The World Price of Foreign Exchange Risk’ 28. Richard W. Kopcke (1999), ‘Currency Boards: Once and Future Monetary Regimes?’ 29. Christopher J. Neely (1994), ‘Realignments of Target Zone Exchange Rate Systems: What Do We Know?’ 30. Simon Wren-Lewis (1997), ‘The Choice of Exchange Rate Regime’ 31. Gregory Koutmos (1994), ‘Time Dependent Autocorrelation in EMS Exchange Rates’ 32. Jeffrey D. Sachs (1996), ‘Economic Transition and the Exchange-Rate Regime’ PART VI INTERNATIONAL BANKING 33. John D. Wagster (1996), ‘Impact of the 1988 Basle Accord on International Banks’ 34. Gary C. Zimmerman (1995), ‘Implementing the Single Banking Market in Europe’ 35. Fariborz Moshirian (1993), ‘Determinants of International Financial Services’ 36. Anthony Saunders (1999), ‘Consolidation and Universal Banking’ 37. Anjan V. Thakor (1999), ‘Information Technology and Financial Services Consolidation’ Name Index Volume II Acknowledgements A preface by the editors to both volumes appear in Volume I Introduction George Philippatos and Gregory Koutmos PART I GLOBALIZATION OF FINANCIAL MARKETS 1. Peter A. Abken (1991), ‘Globalization of Stock, Futures, and Options Markets’ 2. G.C. Philippatos, A. Christofi and P. Christofi (1983), ‘The Inter-Temporal Stability of International Stock Market Relationships: Another View’ 3. Steven L. Heston, K. Geert Rouwenhorst and Roberto E. Wessels (1995), ‘The Structure of International Stock Returns and the Integration of Capital Markets’ 4. Gregory Koutmos (1996), ‘Modeling the Dynamic Interdependence of Major European Stock Markets’ 5. François Longin and Bruno Solnik (1995), ‘Is the Correlation in International Equity Returns Constant: 1960–1990?’ 6. Bala Arshanapalli and John Doukas (1993), ‘International Stock Market Linkages: Evidence from the Pre- and Post-October 1987 Period’ 7. Philippe Jorion and William N. Goetzmann (1999), ‘Global Stock Markets in the Twentieth Century’ 8. M. Wayne Marr, John L. Trimble and Raj Varma (1991), ‘On the Integration of International Capital Markets: Evidence from Euroequity Offerings’ PART II INTERACTIONS OF FINANCIAL MARKETS AND PRICE DYNAMICS 9. George C. Philippatos, Efi Pilarinu and A.G. Malliaris (1993), ‘Chaotic Behavior in Prices of European Equity Markets: A Comparative Analysis of Major Economic Regions’ 10. Gregory Koutmos and G. Geoffrey Booth (1995), ‘Asymmetric Volatility Transmission in International Stock Markets’ 11. Johan Knif and Seppo Pynnönen (1999), ‘Local and Global Price Memory of International Stock Markets’ 12. Gregory Koutmos (1997), ‘Feedback Trading and the Autocorrelation Pattern of Stock Returns: Further Empirical Evidence’ 13. Robert F. Engle and Raul Susmel (1993), ‘Common Volatility in International Equity Markets’ PART III EMERGING MARKETS 14. John Mullin (1993), ‘Emerging Equity Markets in the Global Economy’ 15. Gregory Koutmos (1997), ‘Do Emerging and Developed Stock Markets Behave Alike? Evidence from Six Pasific Basin Stock Markets’ 16. Gregory Koutmos (1999), ‘Asymmetric Price and Volatility Adjustments in Emerging Asian Stock Markets’ 17. Richard A. DeFusco, John M. Geppert and George P. Tsetsekos (1996), ‘Long-Run Diversification Potential in Emerging Stock Markets’ 18. Claude B. Erb, Campbell R. Harvey and Tadas E. Viskanta (1999), ‘New Perspectives on Emerging Market Bonds’ 19. Geet Bekaert and Michael S. Urias (1999), ‘Is There a Free Lunch in Emerging Market Equities?’ 20. Vihang Errunza, Lemma W. Senbet and Ked Hogan (1998), ‘The Pricing of Country Funds from Emerging Markets: Theory and Evidence’ PART IV INTERNATIONAL DERIVATIVE SECURITIES 21. Tribhuvan N. Puri and George C. Philippatos (1993), ‘Equilibrium Pricing Functions of Foreign Exchange Forward, Futures, and Option Contracts’ 22. Darrell Duffie (1999), ‘Credit Swap Valuation’ 23. Lixin Wu, Yue Kuen Kwok and Hong Yu (1999), ‘Asian Options with the American Early Exercise Feature’ 24. Ajay Dravid, Matthew Richardson and Tong-sheng Sun (1994), ‘The Pricing of Dollar-Denominated Yen/DM Warrants’ 25. Merton H. Miller (1995), ‘Do We Really Need More Regulation of Financial Derivatives?’ PART V EUROPEAN MONETARY UNION AND IMPLICATIONS FOR FINANCIAL MARKETS 26. Stan Beckers (1999), ‘Investment Implications of a Single European Capital Market’ 27. Anil K. Kashyap and Jeremy C. Stein (1997), ‘The Role of Banks in Monetary Policy: A Survey with Implications for the European Monetary Union’ 28. Daniel Gros (1998), ‘EMU and Capital Markets: Big Bang or Glacier?’ PART VI INTERNATIONAL FINANCIAL CRISES 29. George C. Philippatos and K.G. Viswanathan (1991), ‘Brazilian Debt Crisis and Financial Markets: An Analysis of Major Economic Events Leading to the Brazilian Debt Moratorium’ 30. Richard Roll (1988), ‘The International Crash of October 1987’ 31. Merton H. Miller (1998), ‘The Current Southeast Asia Financial Crisis’ 32. Steven B. Kamin (1999), ‘The Current International Financial Crisis: How Much is New?’ 33. Joseph E. Stiglitz (1999), ‘Reforming the Global Economic Architecture: Lessons from Recent Crises’ Name Index

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Book SynopsisFor three decades F.M. Scherer has been writing on questions of competition policy from multiple perspectives as a professional economist, consultant in numerous antitrust and international trade proceedings, and (for two years) chief economist of the US Federal Trade Commission. This volume collects 26 of his most important papers, both previously published and unpublished, on a broad array of competition policy issues. The papers address the historical antecedents and rationale of competition policy, the logic of market definition, the implications of pricing strategies pursued by enterprises with monopoly power, tradeoffs between competition goals and the attainment of static and dynamic efficiency, implementing effective remedies in merger and monopoly cases and the role of competition policy in an increasingly open world economy.Table of ContentsContents: 1. Introduction Part I: The Goals of Competition Policy Part II: Conduct Rules Part III: Market Structure and Efficiency Part IV: Remedies Part V: Patents and Competition Policy Part VI: International Competition Policy Index

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Book SynopsisThis topical book interprets firms, governments and economic change from an entrepreneurial perspective. Essentially, it applies the Austrian theory of human agency and evolutionary theories of the firm to explain economic organisation, the state and institutional change. Tony Yu begins by discussing the nature of entrepreneurship and the firm followed by an analysis of the role of entrepreneurship in economic change. He thoroughly analyses the process of economic development in late industrialisers, within an entrepreneurial framework outlined within the book. The author argues that ordinary and extraordinary discovery are associated with routine or imitative entrepreneurship and Schumpetarian entrepreneurship respectively. Using this classification, the author shows how it is the interaction of various types of entrepreneurial activities that transformed East Asian latecomers such as Japan, Taiwan, South Korea, Singapore and Hong Kong from traditional agrarian and fishing economies into international centres of trading, service industries and finance.Firms, Governments and Economic Change will be of special interest to scholars of industrial economics, entrepreneurship and Asian studies. It will also be of use to governmental organisations responsible for economic development, as the analysis is thoroughly up to date easy to understand.Trade Review'This very clearly written book is written foremost for an academic and postgraduate audience, although undergraduate students would be likely to find much of the book readable, particularly the empirical observations and chapters.' -- Caroline Elliott, Business History'This is an entrepreneurial book, not just a book about entrepreneurship. As chapter 1 points out, entrepreneurship involves seeing the world in a new way, a way that is slightly different to how other people see it. And that is what Tony Yu does in this book. He sees the theory of the firm - and of business institutions more generally - in a new and potentially revealing light.' -- From the preface by Richard N. LangloisTable of ContentsContents: Foreword by Richard Langlois Introduction Part I: Entrepreneurship 1. Entrepreneurial Alertness and Discovery Part II: Firms 2. A Praxeological Theory of the Firm 3. The Chinese Family Firm and Guerrilla Entrepreneurship Part III: Governments 4. Government Entrepreneurship 5. The State as a National Coordinator 6. Asian Entrepreneurial States Part IV: Economic Change 7. An Entrepreneurial Perspective of Institutional Change 8. Economic Development in Latecomer Economies References Index

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Book SynopsisWhat makes the US different from other advanced economies is the opportunity for newcomers acting as entrepreneurs to start new companies, a few of which will then change the world. This book develops three points. First, the New Economy is real: part micro, part macro, and all digital. Second, its emergence around networked PCs propelled the US resurgence in the world economy during the 1990s. Third, rather than subsiding, the current US lead in information technology (IT) could well increase over the next decade. The reason lies in the clustered linking of venture capital and entrepreneurs in a system that can be stylized as 'the invention of the method of innovation'. The central theme of the book is the vital role played by newcomers, acting as entrepreneurs, to overthrow the old order and blast through the deep tendencies toward stagnation that afflict advanced, affluent economies. Related strands are (1) an update and reappraisal of Joseph Schumpeter's vision of capitalist development, (2) a regional focus on the rebirth of US computing, and (3) a detailed inquiry into the geography of innovation in strategic clusters of venture capital firms and IT knowledge workers. The author provides a sharply etched portrayal of the geography of the new economy. He lists specific case studies of the failure of established managerial corporations to capitalize on inventions, a failure remedied by newcomers. The book recounts traditional and new theories of the entrepreneur and of creative destruction. Primers on venture capital, IPOs, and internet business models are included, as are comparisons of theory and data on the emergence of new 'strategic cities'. Lastly, it offers a brief, readable, detailed, and company-specific history of the PC revolution and the coming of the internet.Economists, geographers, and regional scientists, students and readers interested in the digital economy, the internet, the history of economic thought, and the New Economy and investors will all find this book revealing and enlightening.Trade Review'The book is intended for economists, geographers, students and regional scientists as well as for policymakers and scholars, both those who are seeking further information regarding the new economy and those who feel they should know more about the principles of the new economy will learn much from this book. It covers an impressive range of issues, and each topic is dealt with a comprehensive systematic manner. The book is written in an accessible style - generally non-technical except for appendices and largely jargon free.' -- Guldem Gokcek, Eastern Economic Journal'Overall, the comprehensiveness and the massive amount of data on new economy phenomena make Creating the New Economy a nice collection of new economy topics that are of major interest to regional scientists.' -- Erik Stam, Papers in Regional Science'I have read the Norton manuscript with fascination. He has a provocative thesis, and he successfully puts himself in the middle of virtually every current debate about our economy. It is the kind of book that everyone interested in these controversies will want to read and ponder. At first, few may agree with him but then again he agrees with very few whose ideas he touches. He has made Schumpeter his lodestar. . . Yet, I would venture a guess that Schumpeter himself would not only have been amused, even gratified, but he would have hailed Norton's work as a significant extension of what he had in mind and as a fine example of the bold style he admired.' -- Mark Perlman, University of Pittsburgh, US'This book is a vigorous statement extolling the continuing leadership prospects for the US economy. A primary contribution is in pointing out that sustained growth in the free market economy is not just the result of fortunate but largely accidental developments. Rather, it is attributable to a considerable degree to the powerful and enduring mechanism of entrepreneurship.' -- William J. Baumol, New York University and Princeton University, US'While there is a lot of talk about the New Economy, scholars have been slow to take the subject seriously. This volume is an important exception. Norton tackles the subject of the New Economy head on, providing a deep and thoughtful explanation of what this New Economy is all about, where it came from, how it differs from the 'old economy' and where it is headed. Policymakers and scholars from all fields of economics and business will find this book important and valuable in placing the New Economy in an intellectually satisfying historical context.' -- David B. Audretsch, Indiana University, Bloomington, US and Otto Beisheim School WHU, GermanyTable of ContentsContents: Preface: Geographies of Creation Part I: Three Conceptions of the New Economy Part II: Requiem Part III: The Revolution Part IV: Networks Part V: What Went Right? Bibliography Index

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Book SynopsisThis text frames the key areas of cross-cultural management and selects a mix of classic and modern readings. The two volumes cover conceptual and empirical articles which have shaped, and are redefining, the field.Trade Reviewi>’Together the two volumes provide encyclopedical information on cross-cultural management. . . A must for anyone, every student, practitioner and researcher of cross-cultural management.’ -- V. Chandra, Global Business Review’The dual volume set Cross-Cultural Management is by any measure a definitive work. In total it contains probably an aggregation of the best writings on culture. Whilst other separate single works stand alone this set serves to provide some of the most definitive analysis undertaken. . . The collection of works is at one level academic and appears that way but at another level is extremely well referenced and easy to access. The effective linking together of definitive studies by world class academics and others provides an excellent repository of much of the definitive research undertaken over the past 40 years. The editors have chosen very carefully material which aligns itself to their overall framework and, indeed, the explanations offered at the beginning of volume one frame the material superbly. Having established a sound theory base in volume one the editors then draw our attention to the side array of cultural differences with which people in management are confronted today. From a human resources management viewpoint, for example, there are no areas left untouched. . . From an applied viewpoint, apart from the excellent research facility afforded by these books, they offer first rate assistance to the educator, to the learning and development professional and to the human resource professional, particularly from an advisory viewpoint. Universities and major global entities will buy these books and senior HR professionals and consulting firms will as well. They are an excellent acquisition to the current material available.’ -- Geoffrey N. De Lacy, Australian Human Resource Institute Journal’Professors Redding and Stening have done a masterful job of both framing the key areas of cross-cultural management and selecting an excellent mix of classic and modern readings. These two volumes are “must reading” and cover conceptual and empirical articles which have shaped, and are redefining, the field. Students, professors and practitioners will all benefit enormously from the editors’ work and judgement. Thanks for your significant contribution to us.’ -- Joseph J. DiStefano, IMD International Institute for Management Development, Lausanne, Switzerland’Professors Redding and Stening, as leaders in the field, have done a superb job in putting together some of the key research articles into two volumes, both are a must read for business executives and research scholars interested in cross-cultural management.’ -- Tan Chin Tiong, Singapore Management University, Singapore’A much needed volume combining the theory and application of cross-cultural management, by two authors who have had teaching and research experiences in every corner of the globe.’ -- Chong Ju Choi, Australian National University, AustraliaTable of ContentsContents: Volume I: The Theory of Culture Acknowledgements Introduction Gordon Redding and Bruce W. Stening PART I WHAT CULTURE IS 1. Clifford Geertz (1973), ‘Thick Description: Toward an Interpretive Theory of Culture’ 2. Robert A. LeVine (1984), ‘Properties of Culture: An Ethnographic View’ 3. Marc Maurice, François Sellier and Jean-Jacques Silvestre ([1982] 1986), ‘Appendix: Societal Analysis as a Critical and Theoretical Tool’ PART II HOW CULTURE WORKS TO SHAPE SOCIETY 4. Edward T. Hall ([1959] 1981), ‘The Vocabulary of Culture’ 5. Peter L. Berger and Thomas Luckman (1967), ‘Society as Objective Reality: 1. Institutionalization’ 6. Jean-Philippe Platteau (1994), ‘Behind the Market Stage Where Real Societies Exist – Part II: The Role of Moral Norms’ 7. Geert Hofstede (1991), ‘I, We, and They’ PART III CULTURE AND THE ECONOMY 8. Karl Polanyi ([1944] 1980), ‘Societies and Economic Systems’ 9. Paul DiMaggio (1994), ‘Culture and Economy’ 10. Mark Granovetter (1985), ‘Economic Action and Social Structure: The Problem of Embeddedness’ 11. Max Weber ([1930] 1965), ‘The Spirit of Capitalism’ 12. Max H. Boisot (1995), ‘Culture as Economizing’ PART IV MAPPING INTERCULTURAL DIFFERENCES 13. Ronald Inglehart and Wayne E. Baker (2000), ‘Modernization, Cultural Change, and the Persistence of Traditional Values’ 14. Charles Hampden-Turner and Fons Trompenaars (1997), ‘Response to Geert Hofstede’ 15. Mark F. Peterson and Peter B. Smith (1997), ‘Does National Culture or Ambient Temperature Explain Cross-National Differences in Role Stress? No Sweat!’ 16. Joyce S. Osland and Allan Bird (2000), ‘Beyond Sophisticated Stereotyping: Cultural Sensemaking in Context’ 17. Mark F. Peterson, Mary Yoko Brannen and Peter B. Smith (1994), ‘Japanese and United States Leadership: Issues in Current Research’ 18. Roland Calori and Bruno Dufour (1995), ‘Management European Style’ 19. David Veale, Lynn Oliver and Kees van Langen (1995), ‘Three Coca-Cola Perspectives on International Management Styles’ PART V PUTTING CULTURE INTO THE EXPLANATION 20. S. Gordon Redding (1994), ‘Comparative Management Theory: Jungle, Zoo or Fossil Bed?’ 21. John Child (2000), ‘Theorizing about Organization Cross-Nationally’ Name Index Volume II: Managing Cultural Differences Acknowledgements Introduction Gordon Redding and Bruce W. Stening PART I GLOBALIZATION AND THE GLOBAL MANAGER 1. Hal B. Gregersen, Allen J. Morrison and J. Stewart Black (1998), ‘Developing Leaders for the Global Frontier’ 2. Ben L. Kedia and Ananda Mukherji (1999), ‘Global Managers: Developing a Mindset for Global Competitiveness’ 3. Shaker A. Zahra and Hugh M. O’Neill (1998), ‘Charting the Landscape of Global Competition: Reflections on Emerging Organizational Challenges and their Implications for Senior Executives’ 4. Vladimir Pucik and Tania Saba (1998), ‘Selecting and Developing the Global Versus the Expatriate Manager: A Review of the State-of-the-Art’ 5. Geert Hofstede (1993), ‘Cultural Constraints in Management Theories’ 6. Lisa Hoecklin (1995), ‘Culture: What It Is, What It Is Not and How It Directs Organizational Behaviour’ PART II MANAGING THE GLOBAL ORGANIZATION 7. Sumantra Ghoshal and Nitin Nohria (1993), ‘Horses for Courses: Organizational Forms for Multinational Corporations’ 8. Karen Roberts, Ellen Ernst Kossek and Cynthia Ozeki (1998), ‘Managing the Global Workforce: Challenges and Strategies’ 9. Nancy J. Adler (1994), ‘Competitive Frontiers: Women Managing Across Borders’ 10. Rosabeth Moss Kanter and Thomas D. Dretler (1998), ‘"Global Strategy" and its Impact on Local Operations: Lessons from Gillette Singapore’ 11. Roger L.M. Dunbar and Suresh Kotha (2000), ‘Managing Institutional and Cultural Contrasts: The Case of Sanyo Electric in the United States’ 12. Sidney Gray (1995), ‘Cultural Perspectives on the Measurement of Corporate Success’ 13. Karl Moore and Julian Birkinshaw (1998), ‘Managing Knowledge in Global Service Firms: Centers of Excellence’ 14. Hartmut H. Holzmüller and Barbara Stöttinger (2001), ‘International Marketing Managers’ Cultural Sensitivity: Relevance, Training Requirements and a Pragmatic Training Concept’ 15. Marie-Claude Boudreau, Karen D. Loch, Daniel Robey and Detmar Straub (1998), ‘Going Global: Using Information Technology to Advance Competitiveness of the Virtual Transnational Organization’ 16. Timothy Kayworth and Dorothy Leidner (2000), ‘The Global Virtual Manager: A Prescription for Success’ PART III MANAGING CULTURAL DIVERSITY 17. Joseph J. DiStefano and Martha L. Maznevski (2000), ‘Creating Value with Diverse Teams in Global Management’ 18. Taylor H. Cox and Stacy Blake (1991), ‘Managing Cultural Diversity: Implications for Organizational Competitiveness’ 19. Aminu Mamman (1995), ‘Employee Intercultural Effectiveness in a Multicultural Workplace: Theoretical Propositions, Strategies and Direction for Future Research’ 20. Denice Welch and Lawrence Welch (1997), ‘Being Flexible and Accommodating Diversity: The Challenge for Multinational Management’ PART IV NEGOTIATING ACROSS CULTURES 21. Stephen E. Weiss (1994), ‘Negotiating with "Romans" – Part 1’ 22. Stephen E. Weiss (1994), ‘Negotiating with "Romans" – Part 2’ 23. Allan G. Thompson (1996), ‘Compliance with Agreements in Cross-Cultural Transactions: Some Analytical Issues’ 24. James K. Sebenius (1998), ‘Case Study: Negotiating Cross-Border Acquisitions’ PART V INTERNATIONAL JOINT VENTURES AND STRATEGIC ALLIANCES 25. Paul W. Beamish (2000), ‘The Design and Management of International Joint Ventures’ 26. Aimin Yan and Ming Zeng (1999), ‘International Joint Venture Instability: A Critique of Previous Research, A Reconceptualization, and Directions for Future Research’ 27. Steven X. Si and Garry D. Bruton (1999), ‘Knowledge Transfer in International Joint Ventures in Transitional Economies: The China Experience’ 28. Andrew C. Inkpen (1998), ‘Learning and Knowledge Acquisition through International Strategic Alliances’ 29. Arvind Parkhe (1998), ‘Building Trust in International Alliances’ 30. T.K. Das and Bing-Sheng Teng (1997), ‘Sustaining Strategic Alliances: Options and Guidelines’ PART VI EXPATRIATION AND REPATRIATION: ISSUES OF CULTURAL ADAPTATION 31. David C. Thomas (1998), ‘The Expatriate Experience: A Critical Review and Synthesis’ 32. J. Stewart Black and Hal B. Gregersen (1992), ‘Serving Two Masters: Managing the Dual Allegiance of Expatriate Employees’ 33. Michael Harvey (1996), ‘Addressing the Dual-Career Expatriation Dilemma’ 34. J. Stewart Black and Mark Mendenhall (1990), ‘Cross-Cultural Training Effectiveness: A Review and a Theoretical Framework for Future Research’ 35. Michael Harvey, Cheri Speier and Milorad M. Novicevic (1999), ‘The Role of Inpatriation in Global Staffing’ 36. Hilary Harris and Chris Brewster (1999), ‘The Coffee-Machine System: How International Selection Really Works’ 37. Rosalie L. Tung (1998), ‘A Contingency Framework of Selection and Training of Expatriates Revisited’ 38. Myrtle P. Bell and David A. Harrison (1996), ‘Using Intra-National Diversity for International Assignments: A Model of Bicultural Competence and Expatriate Adjustment’ PART VII ETHICS AND CORPORATE SOCIAL RESPONSIBILITY IN CROSS-CULTURAL CONTEXT 39. Thomas Donaldson (1996), ‘Values in Tension: Ethics Away From Home’ 40. John Hendry (1999), ‘Universalizability and Reciprocity in International Business Ethics’ 41. William A. Wines and Nancy K. Napier (1992), ‘Toward an Understanding of Cross-Cultural Ethics: A Tentative Model’ 42. Daniel W. Skubik (1995), ‘Ethics and Australian International Business: Which Way to Asia?’ 43. David J. Fritzsche, Y. Paul Huo, Sakae Sugai, Stephen Dun-Hou Tsai, Cheong Seok Kim and Helmut Becker (1995), ‘Exploring the Ethical Behavior of Managers: A Comparative Study of Four Countries’ 44. Paul F. Buller and Glenn M. McEvoy (1999), ‘Creating and Sustaining Ethical Capability in the Multi-National Corporation’ Name Index

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Book SynopsisChina is now among the top hosts for foreign direct investment (FDI) inflows in the world. This fact, combined with recent developments in internationalisation and economic growth in China, ensures a perfect opportunity to identify the determinants and impact of FDI in the largest transition economy in the world.Based on the latest official data, this book adopts a panel data approach to the analysis of the national and regional determinants of inward FDI in China and its impact on regional economic growth, labour productivity and international trade. The Chinese evidence shows that FDI, international trade and economic-growth are interrelated. This book will be welcomed by scholars of emerging economies, international business - especially those interested in FDI - and international trade as well as those specialising in the Chinese economy.Trade Review'. . . this is a well-researched volume. . .' -- Qi Luo, The China Quarterly'The data used is rich, including national, regional and industry-level statistics.' -- Yue Ma, The China Journal'Wei and Liu provide a comprehensive analysis of the determinants and impact of FDI on the economy of China. The book is to be recommended to students of international business for its elegant use of sophisticated econometric techniques and economic theory in exploring the role of FDI in a major emerging economy that hosts a substantial volume of FDI.' -- V.N.Balasubramanyam, Lancaster University, UKTable of ContentsContents: Preface 1. Introduction 2. Foreign Direct Investment in China: Development Trends and Impact 3. Country Characteristics and Foreign Direct Investment in China 4. The Regional Distribution of Foreign Direct Investment in China 5. Productivity Spillovers from Foreign Direct Investment in the Chinese Electronics Industry 6. Endogenous Growth Theory and Regional Income Convergence in China 7. Foreign Direct Investment and Trade Interactions in China 8. Conclusions References Index

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Book SynopsisThese two volumes survey the most important scholarly writings in economics and political science that explain the drivers and constraints to freer world trade. This authoritative collection, with contributions by leading academics, includes seminal studies that have changed the course of thinking about international trade over past centuries and considers both pro free trade and anti free trade arguments. Along with an original introduction, the editors have also selected a few non-academic pronouncements that have shaped popular views about free trade. This collection will be of immense value to anyone with an interest in the economics of free trade and will serve as an excellent reference source to students and academics. Table of ContentsContents: Volume I: Acknowledgements Introduction Gary Hufbauer and Kati Suominen PART I CLASSICAL ARGUMENTS A Mercantalism 1. Thomas Mun [1664] (1903), ‘The Particular Ways and Means to Encrease the Exportation of our Commodities, and to Decrease our Consumption of Forraign Means’ 2. David Hume (1752), ‘Of the Balance of Trade’ B Specialization, Comparative Advantage and Opportunity Cost 3. Adam Smith (1776), ‘Of the Division of Labour’ 4. David Ricardo (1817/1821), ‘On Foreign Trade’ 5. Gottfried von Haberler (1936), ‘The Transfer Problem’ C Free Trade Ideology 6. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 7. Douglas A. Irwin (1996), ‘Conclusion: The Past and Future of Free Trade’ D Early Skeptics 8. Alexander Hamilton [1791] (1913), ‘The Facilitating of Pecuniary Remittances from Place to Place’ and ‘The Facilitating of the Transportation of Commodities’ 9. R. Torrens [1833] (1958), ‘Letter No. II: To the Editor of the Bolton Chronicle’ 10. Frank D. Graham (1923), ‘Some Aspects of Protection Further Considered’ 11. James Bristock Brigden (1929), ‘Introduction’ 12. John Maynard Keynes (1931), ‘Mitigation by Tariff’ PART II FACTOR PROPORTIONS AND OTHER MODELS A Factor Proportions 13. Bertil Ohlin (1933), ‘Some Fundamentals of International Trade’ 14. R. Dornbusch, S. Fischer and P.A. Samuelson (1977), ‘Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods’ 15. Wassily Leontief (1953), ‘Domestic Production and Foreign Trade: The American Capital Position Re-examined’ 16. Robert Z. Lawrence (2008) ‘Wage Inequality and Trade’ B Investment, Technology and Strategic Trade 17. Stephen Herbert Hymer (1976), ‘The Theory of International Operations’ 18. Raymond Vernon (1966), ‘International Investment and International Trade in the Product Cycle’ 19. G.C. Hufbauer (1966), ‘Conclusions’ 20. Thomas Horst (1971), ‘The Theory of the Multinational Firm: Optimal Behavior under Different Tariff and Tax Rates’ C Scale Economies, Agglomeration and Fragmentation 21. Paul R. Krugman (1979), ‘Increasing Returns, Monopolistic Competition, and International Trade’ 22. Alan V. Deardorff (2001), ‘Fragmentation in Simple Trade Models’ D Services Trade 23. Sherry M. Stephenson (2002), ‘Regional versus Multilateral Liberalization of Services’ 24. Gene M. Grossman and Esteban Rossi-Hansberg (2008), ‘Trading Tasks: A Simple Theory of Offshoring’ 25. Bernard Hoekman, Aaditya Mattoo and André Sapir (2007), ‘The Political Economy of Services Trade Liberalization: A Case for International Regulatory Cooperation?’ 26. J. Bradford Jensen and Lori G. Kletzer (2008), ‘“Fear” and Offshoring: The Scope and Potential Impact of Imports and Exports of Services’ PART III TRADE FRICTIONS AND TRANSITION PAINS A Transaction Costs 27. John McCallum (1995), ‘National Borders Matter: Canada-U.S. Regional Trade Patterns’ 28. David Hummels, Jun Ishii and Kei-Mu Yi (2001), ‘The Nature and Growth of Vertical Specialization in World Trade’ 29. Antoni Estevadeordal, Brian Frantz and Alan M. Taylor (2003), ‘The Rise and Fall of World Trade, 1870–1939’ B Exchange Rates, Domestic Distortions and Adjustment Costs 30. J.E. Meade (1955), ‘The Case for Variable Exchange Rates’ 31. Jagdish Bhagwati and V.K. Ramaswami (1963), ‘Domestic Distortions, Tariffs and the Theory of Optimum Subsidy’ 32. Lori G. Kletzer (2001), ’Who Are Import-Competing Displaced Workers?’ and ‘Where Are Import-Competing Displaced Worked Reemployed?’ 33. Howard Rosen (2008), ‘Designing a National Strategy for Responding to Economic Dislocation’ Volume II Acknowledgements An Introduction to both volumes by the editors appears in Volume I PART I POLITICS AND INSTITUTIONS A Politics of Protectionism 1. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’ 2. Edward John Ray (1981), ‘Tariff and Nontariff Barriers to Trade in the United States and Abroad’ 3. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’ 4. Ronald Rogowski (1989), ‘Why Changing Exposure to Trade Should Affect Political Cleavages’ 5. Robert E. Baldwin and Christopher S. Magee (2000), ‘Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills’ 6. Michael J. Hiscox (2001), ‘Class Versus Industry Cleavages: Inter-Industry Factor Mobility and the Politics of Trade’ B Forces of Liberalization 7. Douglass C. North (1981), ‘The Issues’ and ‘Structure and Change in the American Economy, 1789–1914’ 8. Mancur Olson (1982), ‘Jurisdictional Integration and Foreign Trade’ 9. I.M. Destler (2005), ‘The Root Problem: Political Imbalance’ and ‘The 1934 System: Protection for Congress’ C GATT and the WTO 10. Andrew K. Rose (2004), ‘Do We Really Know That the WTO Increases Trade?’ 11. Arvind Subramanian and Shang-Jin Wei (2007), ‘The WTO Promotes Trade, Strongly but Unevenly’ 12. Jeffrey J. Schott (2011), ‘The Future of the Multilateral Trading System in a Multi-Polar World’ D Preferential Trade Agreements 13. Jacob Viner (1950), ‘The Economics of Customs Unions’ 14. Jagdish Bhagwati (1993), ‘Regionalism and Multilateralism: An Overview’ 15. Kyle Bagwell and Robert W. Staiger (1999), ‘An Economic Theory of GATT’ 16. Richard E. Baldwin (1999), ‘A Domino Theory of Regionalism’ 17. C. Fred Bergsten (1996), ‘Competitive Liberalization and Global Free Trade: A Vision for the Early 21st Century’ PART II FREE TRADE, FASTER GROWTH? A Trade Advocates 18. Bela Balassa (1978), ‘Exports and Economic Growth: Further Evidence’ 19. Jeffrey D. Sachs and Andrew Warner (1995), ‘Economic Reform and the Process of Global Integration’ 20. Jeffrey A. Frankel and David Romer (1999), ‘Does Trade Cause Growth?’ 21. L. Alan Winters, Neil McCulloch and Andrew McKay (2004), ‘Trade Liberalization and Poverty: The Evidence so Far’ 22. Scott C. Bradford, Paul L.E. Grieco and Gary Clyde Hufbauer (2005), ‘The Payoff to America from Global Integration’ 23. Caroline Freund and Bineswaree Bolaky (2008), ‘Trade, Regulations, and Income’ B Modern Skeptics 24. Raúl Prebisch (1959), ‘Commercial Policy in the Underdeveloped Countries’ 25. Ross Perot and Pat Choate (1993), ‘A Giant Sucking Sound’ 26. Francisco Rodríguez and Dani Rodrik (2000), ‘Trade Policy and Economic Growth : A Skeptic's Guide to the Cross-National Evidence’ Name Index

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Book SynopsisThis timely book represents the latest research on a selection of key issues in international business in the Asia-Pacific region. In particular the contributors examine the internationalisation process, export expansion and performance, foreign direct investment and the management of international business relationships. More specifically, they analyse: the growth patterns of Danish and US companies developing operations in the region the impact of the internet, the competitiveness of the Australian wine industry, and the development and application of export performance measures the factors influencing the location decisions of Japanese Multinational Enterprises (MNEs) and the investment risk perceptions of Australian MNEs the multinational knowledge acquisition modes of Taiwanese electronics firms the protection of intellectual property rights the use of performance measures in international joint ventures the human resource management practices of ethnic Chinese-owned enterprises compared to Anglo-American MNEs. This book will become a first point of reference for businesses in this region as well as scholars of international business and Asian studies.Trade Review'. . . the book provides a comprehensive look at a number of key issues faced by companies in the Asia-Pacific, with a specific focus for the most part on Australian and New Zealand firms . . . this book is a valuable survey . . . on key issues facing firms attempting to invest, export, and manage their relationships in the Asia-Pacific.' -- Vinod K. Aggarwal, Journal of Asian BusinessTable of ContentsContents: Preface Part I: The Internationalisation Process Part II: Export Expansion and Performance Part III: Foreign Direct Investment Issues Part IV: Managing International Business Relationships Index

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Book SynopsisThis volume explores Malaysian business in the era that began with the Asian financial crisis of 1997-1999. The contributions, by a broad range of international experts, are informed by a wish to identify what Malaysia needs to do to sustain economic growth, remain internationally competitive and further social stability in the post-crisis period. Malaysia's unconventional response to the crisis suggests that its business community has developed a new level of confidence in its ability to adopt and sustain innovative policies even when these strategies challenge the international financial community. This response is perceived as evidence that Malaysian business has indeed entered a new era characterised by a high level of confidence in the nation's capacity to weather the external periodic shocks that are a feature of the current wave of globalisation. The book argues that there are grounds for optimism in this regard while recognising that the true test will occur when Malaysia is compelled to confront a major decline in its international export markets brought on by a truly major crisis such as an OECD-wide recession.Business scholars and professionals as well as readers interested in Asian business and economics will find this volume informative.Trade Review'. . . the book makes a significant contribution to research on Asian business. The chapters are deeply researched and will be of considerable value to scholars, government policymakers and practitioners.' -- Samir Ranjan Chatterjee, Asia Pacific Journal of Economics and BusinessTable of ContentsEconomic and social adjustment in Malaysia in the "new" business era, Chris Nyland et al; Malaysian export competitiveness compared with the dynamic Asian economies - past performance and prospects for the next millennium, Peter Wilson; Australian business attitudes to Malaysia, Marika Vicziany et al; transaction costs of cross cultural exchange - evidence from Australia-Malaysia case studies, Ergun Dogan et al; Japanese electronics firms in Malaysia - after the financial crisis, David W. Edgington and Roger Hayter; the importance of size in the growth and performance of the electrical industrial machinery and apparatus industry in Malaysia, Rajah Rasiah; sustaining the growth effects of foreign investment - the case of multinational subsidiaries in Malaysia, Ron Edwards et al; market performance and the speed of the invisible hand - the case of Malaysian manufacturing, Mita Bhattacharya and Koi Nyen Wong; a comparison of business process re-engineering with other management techniques in Malaysia, Stanley Richardson and Khong Kok Wei; tour guide training -lessons for Malaysia about what works and what's needed, Betty Weiler and Sam H. Ham; economic growth, international competitiveness and public service moral values - a study of Penang Island Municipal Council officers, Ali Haidar et al; globalization and labour in Malaysia, P. Ramasamy; Islamic identity and work in Malaysia - Islamic work ethics in a Japanese joint venture in Malaysia, Wendy A. Smith et al; the 1997-1998 financial crisis in Malaysia and its social impact - some lessons, Ishak Shari; what determines the long-run movements of the Malaysian ringgit?, Ahmad Zubaidi Baharumshah et al; returns to liquidity on KLOFFE (Kuala Lumpur Options and Financial Futures Exchange), S. Gulay Avsar and Barry A. Goss; "Asian values", model communities and resistance to contemporary Malaysian politics, A.B. Shamsul.

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Book SynopsisHow do business leaders think as a result of their national culture? This book provides a discussion and comparative analysis of five major cultures - American, Arab, Chinese, Japanese and Scandinavian - and how they reveal themselves in business practice.The author begins by introducing the concept of culture and why it is important, addressing issues such as values, beliefs and assumptions and the consequences of these. Bjorn Bjerke then goes on to address corporate culture and business strategy as well as some myths associated with national cultures. Looking at the five specific cultures he addresses cultural themes and presents a typified picture of the business leader in each of these. He concludes that there are five different capitalist systems governing these cultures, and that the business leader plays a different role in each. Extending this discussion, the author questions whether the culture-free business leader exists and, if so, what the characteristics of such a person might be.Business Leadership and Culture will enlighten students, scholars and business people about the consequences of culture for international business and management.Trade Review'A thorough, insightful, piece of work that should be included on any "leadership" reading list.' -- Long Range Planning'Throughout, Bjerke carefully cites the supporting literature of the general social sciences as well as that of management and business organization. The volume's cumulative development is impressive in its marshalling of the diverse approaches and insights while probing into the special characteristics of each of the five national cultures selected. . . Recommended for international business collections, upper-division undergraduate through professional.' -- J.C. Thompson, ChoiceTable of ContentsContents: Foreword 1. To Understand Culture 2. Corporate Culture 3. Business Leadership and National Culture 4. American Culture 5. Arab Culture 6. Chinese Culture 7. Japanese Culture 8. Scandinavian Culture 9. A Comparative Analysis and Interpretation 10. The Cultural Business Leader References Index

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Book SynopsisGlobalizing Europe examines the involvement of the European Union in the deepening integration that results as trade and transnational production link markets and economic systems across the world. This process is posing a unique challenge to European decision-makers to implement measures that will maximize the benefits and reduce the costs of globalization. As Europe expands and becomes more integrated it is being obliged to assume greater control over the development of its external economic relations. To effect this, the authors propose that member states play a more active and constructive role in the global political economy. They advocate the planning and implementation of major initiatives that could ensure greater stability in the world economy. Because of the magnitude of the economic bonds developing between the EU and the USA, special attention is paid to the trends and issues associated with the evolution of Atlantic relations. One of the greatest challenges the authors highlight, and a theme implicit throughout the book, is that the EU's external problems may receive inadequate attention due to the complexities of its decision processes. EU-level decision-making may become more introspective, rather than global, in outlook.Combining firm, industry, regional and country levels of analysis with the diverse and provocative views of the authors, this book will be essential reading for scholars of international economics, international political economy, and international business and finance.Trade Review'The contributors to this volume are internationally recognised scholars in the field. The result is an extremely comprehensive and authoritative assessment of European integration, particularly from an economic-political perspective.' -- Economic Outlook and Business ReviewTable of ContentsContents: Preface Introduction 1. The European Union in the Global Economy at the Millennium 2. Globalizing Europe: The Overall Picture 3. Specialization Matters, and so does Technological Accumulation: The Case of Europe 4. Mergers and Acquisitions in Globalizing Europe 5. Corporate Restructuring, Corporate Strategy and European Integration 6. European Welfare States: Regionalization, Globalization and Policy Change 7. The EU in World Finance 8. The Changing Nature and Determinants of EU Trade Policies 9. Macroeconomic Management in the European Union 10. European Macroeconomic Policy Interdependencies 11. European Union Planning for International Economic Cooperation Index

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Book SynopsisResearch on the internationalisation process of firms shows that the development of experiential knowledge is a major factor in explaining firms' internationalisation. However, our knowledge of how this takes place is limited. The detailed mechanisms of learning, and the effects of the duration of the firm's international operations, have not been studied in depth. Using examples from Denmark, Finland, South Korea, New Zealand and Sweden, the contributors to this book examine these factors and test the basic assumptions of the internationalisation process of firms.In doing so, they explore how firms accumulate knowledge on foreign markets and analyse whether the number of countries in which firms operate influences the quantity and quality of knowledge accumulated. The effect is to expand our understanding of the use of knowledge and the international transfer of knowledge in the internationalisation process.Learning in the Internationalisation Process of Firms will be of great interest to scholars, researchers and practitioners of international business and management.Trade Review'. . . an ensemble of the finest collection of research to date on the understanding of the internationalization process of firms and the role of knowledge and learning within it.' -- Carlos M. Rodriguez, International Marketing Review‘Knowledge and learning are two fundamental concepts in internationalisation of the firm, however, there are few studies that deal with these concepts. This volume provides an excellent review of the most recent research on learning and knowledge transfer and relates it to the internationalisation process of the firm. It is making a considerable contribution to the body of knowledge and will stimulate further research in this important field of international business.' -- Pervez Ghauri, Manchester School of Management, UMIST, UK'Learning has become the key in the internationalisation processes of corporations. This book provides an excellent overview of the major challenges to learning, and will be of strong value for both academicians and practitioners alike. A must to read!' -- Peter Lorange, International Institute for Management Development, Lausanne, SwitzerlandTable of ContentsContents: Preface Part I: The Internationalisation Process of Firms 1. Building a Model of Firm Internationalisation 2. Three Decades of Research on the Internationalisation Process of Firms 3. The Role of Knowledge in Firms’ Internationalisation Process: Wherefrom and Whereto? 4. Collaborative Experience in Internationalising Firms Part II: Knowledge Accumulation and Knowledge Transfer Issues 5. How to Use Network Experience in Ongoing International Business 6. The Usefulness of Suppliers’ Knowledge in International Markets 7. Is Marketing Knowledge International? A Case of Key Accounts 8. Changing the Organisational Memory in Swedish SMEs Through New International Business Relationships 9. Depth versus Diversity of Knowledge and Its Influence on the Integration of Foreign Business Network Relationships 10. Product Complexity and Knowledge Translation in the Internationalisation Process of Firms: An Integrative Model Part III: Foreign Market Entry Issues 11. Co-operating to Compete Internationally: The Case of a Joint Action Group in the Telecommunications Industry in New Zealand 12. Knowledge Translation in the Internationalisation Process of the Hyundai Motor Company 13. Korean Firms’ Knowledge Translation to the Polish Market: Three Cases 14. Internationalisation of SMEs: Two Case Studies of Finnish Born Global Firms Index

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Book SynopsisThis volume contains a selection of John Dunning's best known and highly acclaimed writings on the theory of international business activity. Spanning more than three decades, the 16 contributions trace the evolution of his thoughts and ideas as an economist, from his first article on the determinants of international production, published in 1973, to his most recent essay on relational assets, networks and global business activity, completed in 2002.Theories and Paradigms of International Business Activity gives particular prominence to the author's much renowned eclectic paradigm, which he first promulgated at a Nobel Symposium on the international allocation of economic activity in 1976. Since then, the author has written over 60 articles, pamphlets and chapters in books which have extended, refined and updated his theorizing on the interface between trade, FDI and MNE activity, in the light of the changing characteristics of the world economy and advances in international business scholarship. This, the first of two volumes of John Dunning's work, is essential reading for all students, scholars and researchers with a special interest in the reasons behind the explosive growth in post-war FDI and the globalization of business activity.Trade Review'These volumes should be required reading for anyone with an interest in international business and globalisation. They add immeasurably to our understanding.' -- Mira Wilkins, Business History'Dunning is one of the most prominent researchers and thinkers in the IB field. In these books, he has set out his most celebrated writings and has provided us relatively easy access to widely scattered references in the literature.' -- Rajat Kathuria, Global Business Review'The modern academic study of the multinational enterprise started with John Dunning's pioneering study of "American Investment in British Manufacturing Industry" in 1958. In the early 1970s he began to publish an influential and authoritative stream of papers integrating theoretical and empirical analysis of the multinational enterprise. This fascinating volume charts the evolution of John Dunning's thinking, highlighting his attempts to develop a richer, more dynamic and historical framework for the analysis of the multinational enterprise. It makes compelling reading, and offers unique insights into the intellectual development of his well-known "eclectic paradigm" of international production.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Introduction 1. The Determinants of International Production 2. Trade, Location of Economic Activity and the Multinational Enterprise: A Search for an Eclectic Approach 3. Trade, Location of Economic Activity and the Multinational Enterprise: Some Empirical Tests 4. Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach 5. The Investment Development Path Revisited 6. The Changing Dynamics of International Production: An Economic and Strategic Approach 7. The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions 8. Some Historical Antecedents to the Eclectic Paradigm 9. Towards an Interdisciplinary Explanation of International Production 10. Reappraising the Eclectic Paradigm in an Age of Alliance Capitalism 11. What’s Wrong – and Right – with Trade Theory? 12. Towards a General Paradigm of Foreign Direct and Foreign Portfolio Investment 13. Globalization and the Theory of MNE Activity 14. The Eclectic Paradigm as an Envelope for Economic and Business Theories of MNE Activity 15. The Challenge of Electronic Markets for International Business Theory 16. Relational Assets, Networks and International Business Activity Index

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Book SynopsisExperience suggests that trade liberalization has contributed substantially to the remarkable growth of industrialised countries. However, for various reasons many developing countries have not yet been able to integrate successfully into global markets and reap the growth-inducing and poverty-reducing benefits of trade. This book argues that while developing countries are heavily represented in the WTO - accounting for about four-fifths of its membership - there is still plenty of scope for the world trading system to work more effectively in their interests.The book examines the achievements of the Uruguay Round of trade negotiations in reforming the world trading system and the challenges to future reforms. It begins with an overview of the genesis of the world trading system and moves on to examine the key issues as they relate to developing countries. These include further liberalization of agricultural trade; abolition of the Multifibre Arrangement; environmental and labour standards; competition policy; regional integration in South East Asia; and the implications for developing Asian countries of the liberalization of the Chinese economy and its WTO membership. Furthermore, the book discusses the links between trade liberalization and poverty reduction - drawing on the experience of Asian countries - and puts forward arguments on how trade liberalization could effect a greater reduction in poverty. This is a timely and succinct presentation of the critical issues relating to the world trading system in the context of developing countries in general, and Asia-Pacific countries in particular. It will interest and inform a wide readership including scholars and students of development and international economics, and practitioners and policymakers concerned with international trade issues and global trade relations.Trade Review'An exceptionally timely book, Developing Countries in the World Trading System, provides a critical examination of how the WTO can facilitate real growth in the developing world. . . Developing Countries in the World Trading System is a must read for undergraduate and graduate students, as well as economists and practitioners.' -- Remonda Bensabat Kleinberg, The European Journal of Development Research'This book offers thoughtful, well-researched and up-to-date contributions to trade policy research for developing countries. Its main merit lies in the detailed studies and thorough knowledge and understanding of agricultural trade policy.' -- Gabriella Kutting, Progress in Development Studies'Developing countries are again, as in the early days of UNCTAD, becoming a major focus in the discussion of world trade reforms. Their sense that the Uruguay Round and the WTO system failed to address their concerns is a major factor behind the current problems in mounting a new multilateral round. This book addresses the key concerns of developing countries and suggests a number of reforms that will enable them to become equal partners in the world trading system.' -- Peter J. Lloyd, University of Melbourne, AustraliaTable of ContentsContents: Foreword 1. Developing countries in the world trading system: an overview Ramesh Adhikari and Prema-chandra Athukorala 2. Emerging issues in the world trading system T.N. Srinivasan 3. Developing-country interests in WTO-induced agricultural trade reform Kym Anderson 4. Asian developing countries and the global trading system for agriculture, textiles and clothing Prema-chandra Athukorala 5. Environmental standards and trade in agricultural products: evidence from Brazil, Germany and Indonesia Ulrike Grote, Claus Deblitz and Susanne Stegmann 6. Labour standards, social labels and the WTO Arnab K. Basu, Nancy H. Chau and Ulrike Grote 7. Competition policy, the Pacific Economic Cooperation Council and the WTO Kerrin M. Vautier 8. Export competition in Asia and the role of China Yongzheng Yang 9. The enlargement of ASEAN and its impact on regional integration Jayant Menon 10. Trade policy reforms, growth and poverty reduction Ramesh Adhikari Index

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Book SynopsisEntrepreneurs engaging in international business face business environments that are fundamentally different from their home countries. Despite decades of entrepreneurship research, we know little about these entrepreneurs and their strategic behaviour in establishing and managing transnational operations.This book applies an institutional perspective on transnational entrepreneurship to empirical investigations of transnational corporations (TNCs) from Hong Kong and Singapore. Henry Wai-chung Yeung argues that significant variations in institutional structures of home countries explain variations in the entrepreneurial endowments of prospective transnational business networks. This is illustrated by empirical data from two in-depth studies of over 300 TNCs from Hong Kong and Singapore and over 120 of their foreign affiliates in Asia.Entrepreneurship and the Internationalisation of Asian Firms is a timely contribution to theoretical and empirical studies in international business and will be widely read by those interested in international business, industrial economics, organisation studies, political economy, regional studies and economic geography.Trade Review'. . . this is an impressive book which represents a considerable amount of original research into the nature of Hong Kong and Singapore's economies and more importantly into how economic globalization actually takes place. Yeung's analysis is clear, thorough and well-argued and the conclusions he draws are powerful.' -- Andrew Jones, Economic Geography Research Group'As significant as its empirical contributions are, however, this book is not merely detailed empirical research, but a sustained theoretical argument for the relevance of an institutional perspective on transnational entrepreneurship and intrapreneurship. . . its theoretical and empirical contributions are considerable. . .' -- Jim Glassman, Economic Geography'The author has done important work by studying entrepreneurs in an institutional context rather than considering them as individuals, and this has the effect of situating entrepreneurs within a culture and a business system, not treating them - as is common in literature on the subject - as extraordinary individuals who are somehow "outside" their business systems. The net result is a book which is valuable on several different levels.' -- Morgen Witzel, Asia Pacific Business Review'This is a stimulating volume on the emerging subject area of international entrepreneurship. . . the specific application to transnational entrepreneurship makes this a significant addition to the literature, particularly given its strong conceptual underpinnings, which provide an institutional perspective on entrepreneurial activities across boarders. . . . Henry Wai-Chung Yeung states that his objective was to stimulate further theoretical and empirical studies in entrepreneurship and international business studies. By this criterion, he has certainly succeeded, and Edward Elgar is to be congratulated on publishing this work within its impressive series on New Horizons in International Business.' -- Stephen Young, International Small Business JournalTable of ContentsContents: Preface 1. An Institutional Perspective on Entrepreneurship in International Business 2. Transnational Entrepreneurship in Two Contrasting Asian Contexts: Hong Kong and Singapore 3. City-states and their Global Reach: Outward Investments from Hong Kong and Singapore 4. Entrepreneurs in International Business 5. Empowered Managers: Intrapreneurs in International Business 6. Conclusion: Developing Entrepreneurship in International Business References Index

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Book SynopsisSince the 1970s, there have been many changes to the ways in which Japanese firms have conducted business. The editors of this volume examine the strategies of Japanese subsidiaries in the new global economy and present, in four parts, a comprehensive picture of the nature of Japanese multinational enterprises.The book addresses the overall nature of Japanese investment in international markets, and its broader implications for corporate performance. The entry mode choice and its relationship to performance is then examined, in an attempt to establish overall trends in the performance of various modes. The focus then shifts explicitly to joint ventures since nearly half of all Japanese subsidiaries take this form. Finally, the management strategies that Japanese firms have used in their foreign subsidiaries are investigated. Japanese Subsidiaries in the New Global Economy utilizes empirical analyses based on a very large, longitudinal data set, coupled with state of the art conceptual development.This volume provides a complete current picture of the international strategy of Japanese firms, which will be both useful and informative for researchers, scholars and policy makers in international business, international economics, foreign investment, joint ventures and expatriate management.Table of ContentsContents: Part I: Why Internationalize? More Subsidiaries Results in Superior Performance Part II: Entry Mode Choice and Performance Part III: Joint Ventures Part IV: Management Strategy References Index

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Book SynopsisGlobal Capitalism, FDI and Competitiveness comprises 15 of John Dunning's most widely acknowledged writings on the changing characteristics of the global economy over the past three decades. In particular, it examines how these events have shaped, and been shaped by, the growing internationalization of all forms of business activity.The book is dived into five thematic sections, each of which illustrates a particular aspect of change and the author's analysis of it. The volume examines: the main features of the new global economy, its origin, opportunities and challenges the author's recent writings on the factors affecting the location of economic activity by international firms, and the implications for national and regional governments the changing nature and form of the contribution of FDI and cross-border strategic alliances to economic development and to the restructuring of national economies the relationship between FDI, the competitive advantages of international firms and the productivity and dynamic comparative advantage of the economies in which they operate. an examination of the changing role and power of national governments as they seek to evaluate and influence the extent of both inbound and outbound FDI. This volume will be warmly welcomed by all scholars and researchers of international business and particularly those interested in globalization, regional economics and FDI.Trade Review'These volumes should be required reading for anyone with an interest in international business and globalisation. They add immeasurably to our understanding.' -- Mira Wilkins, Business History'Dunning is one of the most prominent researchers and thinkers in the IB field. In these books, he has set out his most celebrated writings and has provided us relatively easy access to widely scattered references in the literature.' -- Rajat Kathuria, Global Business Review'Given John Dunning's breath of vision, familiarity with a very wide range of ideas and literature and concern with many of the most pressing problems of our day, I believe that virtually everyone will find stimulation in many of these essays.' -- Stephen J. Kobrin, Transnational Corporations'John Dunning is one of the "founding fathers" of international business research. His influential "eclectic paradigm" explains foreign investment by multinational firms in terms of the interaction of ownership, location and internalisation factors. In the past decade the scope of the eclectic paradigm has been expanded to encompass issues of globalisation, regionalism and international competitiveness. The paradigm has been used to address important policy issues relating to the governance of the world economy. This volume collects together the highlights of this recent work. It offers important insights into global issues, and is outstanding testimony to the breadth and depth of Dunning's recent work.' -- - Mark Casson, University of Reading, UKTable of ContentsContents: Introduction 1. International Business in a Changing World Environment 2. Whither Global Capitalism? 3. Some Paradoxes of the Emerging Global Economy: The Multinational Solution 4. Globalization, Economic Restructuring and Development 5. Regions, Globalization and the Knowledge-based Economy: The Issues Stated 6. Location and the Multinational Enterprise: A Neglected Factor? 7. Globalization, Technological Change and the Spatial Organization of Economic Activity 8. Evaluating the Costs and Benefits of Multinational Enterprises to Host Countries: A ‘Tool-Kit’ Approach 9. Re-evaluating the Benefits of Foreign Direct Investment 10. The European Internal Market Program and Inbound Foreign Direct Investment 11. The Competitive Advantages of Countries and MNE Activity 12. The Geographical Sources of the Competitiveness of Firms 13. Multinational Enterprises, Industrial Restructuring and Competitiveness: A UK Perspective 14. Governments and the Macro-organization of Economic Activity: A Historical and Spatial Perspective 15. Globalization: The Challenge for National Economic Regimes Index

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Book SynopsisIn this volume Witold Henisz provides readers with a new set of tools for assessing the extent of political and regulatory risk faced by investment projects in a given country. The author measures political risk directly by examining the structure of a nation's political institutions and the preferences of the actors that inhabit them. He also provides a critical analysis of the effectiveness of one common political risk mitigation strategy, partnering with a local firm. Neither democracy (Russia), political stability (Zaire, until recently) nor low country risk scores (Indonesia in 1995) are sufficient for investor security. The failure of each of these measures points to the need for more objective methods of measuring risk. After implementing tests to show the validity of a new measures, Witold Henisz analyzes the efficacy of partnering with local firms. The results of this analysis suggest that partnership will often introduce more hazards than it solves. This framework for measuring risk and analyzing the efficacy of risk-mitigating strategies could easily be extended to make it applicable on a project-by-project basis. Policymakers, investment managers, business professionals and scholars will find this book extremely useful.Trade Review'A challenging research monograph that will appeal to international business scholars in the area of transaction cost economics (TCE), political risk, multinational enterprise (MNE) host country bargaining, and international joint ventures. It offers both theoretical and empirical advances in this area.' -- Alan Rugman, Journal of International Business Studies'This path-breaking book joins transaction cost economics and positive political theory to uncover the risks and work out the organizational ramifications of international investments. Academics, public policy analysts, and the business community all have a stake in these issues. Henisz should be read with interest and profit (variously defined) by all three.' -- From the foreword by Oliver E. WilliamsonTable of ContentsContents: Foreword by Oliver E. Williamson 1. Introduction 2. Checks and Balances and Credible Commitment 3. Comparative Economic Organization – Within and Between Countries 4. The Institutional Environment for Economic Growth 5. The Institutional Environment for Telecommunications Investment 6. The Institutional Environment for Multinational Investment 7. Conclusion Notes Bibliography Index

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Book SynopsisTop scholars in the field of international business (IB) contribute to this comprehensive analysis of the current state-of-the-art in IB research. The focus of the book is to examine the current state of international business research from an issue-oriented approach rather than the functional approaches that have been characteristic in the recent evolution of the field. In evaluating the current state and future research directions in research areas unique to international business, the book is structured in three parts: the macro-environment, interactions between business and institutions, and competition and strategy. The thirteen chapters in the book deal with specific topics (including regional integration, cultural and financial globalization, intellectual property protection, firm relations with various governments and multilateral agencies, business groups, international acquisitions and alliances, and the impact of the internet on international business) and provide descriptive and theoretical approaches to the understanding of contemporary and potential future issues in international business research. Scholars, students and policymakers interested in international business issues will find this collection a unique and useful tool in their work.Trade Review'The volume contains essays that will be of interest to senior researchers and doctoral students. It is recommended for academic libraries supporting a graduate business program.' -- Caitlin Tillman, Business Information Alert'. . . this edited volume includes several well-written and insightful chapters, which make it a worthwhile addition to any business school library.' -- A. Verbeke, Journal of International Business StudiesTable of ContentsContents: Foreword M. Moshe Porat Foreword Arvind Phatak Preface 1. International business research: from functional to issue-based focus Masaaki Kotabe and Preet S. Aulakh PART I THE MACRO-ENVIRONMENT 2. Regional integration and foreign direct investment: theory and lessons from NAFTA Lorraine Eden 3. Intellectual property rights and international business Subhash C. Jain 4. Global financial markets and global firms: implications for international business research Jongmoo Jay Choi 5. Cultural Balkanization and hybridization in an era of globalization: implications for international business research Bryan W. Husted PART II INTERFACES BETWEEN BUSINESS AND INSTITUTIONS 6. Emerging issues in MNC–host government relations in developing countries Ravi Ramamurti 7. National export promotion: A statement of issues, changes, and opportunities Michael R. Czinkota 8. Industrial endowments in international business: an analytical framework Yadong Luo 9. Business groups and economic development: a resource-based view Mauro F. Guillén PART III STRATEGY AND COMPETITION 10. Globalization of firms: strategies and outcomes Saeed Samiee 11. Entering foreign markets through strategic alliances and acquisitions Michael A. Hitt and Klaus Uhlenbruck 12. Towards a research agenda on hybrid organizations: R&D, production and marketing interfaces Xavier Martin 13. The Internet and international business: a cross-regional study Indrajit Sinha and Yaniv Gvili Index

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Book SynopsisAs national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognised. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy. The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances.Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy.Table of ContentsContents: Foreword Preface 1. Relational Assets, Networks and International Business Activity 2. Alliance Capitalism and Macroeconomic Policies 3. Alliance Capitalism and Microeconomic Policies 4. Inter-firm R&D Partnering in High Technology Industries 5. Financial Liberalization, Alliance Capitalism and the Changing Structure of Financial Markets 6. Corporate Alliances in the World Trading System 7. Corporate Alliances and Competition Policies 8. Alliance Capitalism in Europe 9. EU Growth Strategy and the New Economy 10. American Alliance Capitalism 11. Japan’s Network Capitalism in Evolution 12. Alliance Capitalism, FDI and Developing Countries 13. Alliance Capitalism and Collective Management Index

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Book SynopsisThe purpose of this volume is to bring together the leading scholarly papers about how globalization has impacted the role of SMEs. In fact, globalization has affected SMEs in two major ways. The first has been to facilitate the transnational activities of SMEs. Transnational activities, ranging from exports to foreign direct investment to participating in global value chains have become easier as a result of globalization. The second impact of globalization has been to shift the source of competitiveness towards knowledge-based economic activity, which has led to an increased role for SMEs. The first section of this volume examines how globalization has affected the role of SMEs in the economy. The second section of the volume is devoted to global strategies by SMEs The third section focuses on an important type of global activity of SMEs, which involves foreign direct investment. The fourth section focuses on the role of clusters and networks in generating SME competitiveness in global markets. SME export strategies and performance is analyzed in Section Five. Section Six examines the impact that the international mobility of labour has had on SMEs. The seventh section focuses on the role that SMEs play in transnational technology transfer. Section Eight is devoted to SMEs in the context of developing countries. In the final section of the volume policy issues are raised. This includes identifying how policy needs to address barriers to internationalization confronting SMEs.Trade Review'. . . an excellent and timely collection of both conceptual and empirical papers on the subject of the role of small and medium-sized enterprises (SMEs) in the process of globalization. . . this book presents a well-balanced collection of readings on SMEs internationalization and public policy.' -- Romeo V. Turcan, International Small Business Journal'Today, SMEs need to think about global dimensions of their business earlier than ever, often even before the start of the actual venture. This is a timely book on SMEs that provides a wealth of information about the global context that SMEs are faced with and about the economic dimensions that matter.' -- Walter Kuemmerle, Harvard Business School, USTable of ContentsContents: Acknowledgements Introduction David B. Audretsch PART I GLOBALIZATION AND THE ROLE OF SMEs 1. David B. Audretsch and A. Roy Thurik (2001), ‘What’s New About the New Economy? Sources of Growth in the Managed and Entrepreneurial Economies’ 2. Tomás O. Kohn (1997), ‘Small Firms as International Players’ 3. Benjamin Gomes-Casseres (1997), ‘Alliance Strategies of Small Firms’ PART II SMEs AND GLOBAL STRATEGIES 4. Patricia P. McDougall (1989), ‘International Versus Domestic Entrepreneurship: New Venture Strategic Behavior and Industry Structure’ PART III SMEs AND FOREIGN DIRECT INVESTMENT 5. Edith Tilton Penrose (1956), ‘Foreign Investment and the Growth of the Firm’ 6. Masataka Fujita (1995), ‘Small and Medium-sized Transnational Corporations: Salient Features’ 7. Peter J. Buckley (1989), ‘Foreign Investment by Small and Medium Sized Enterprises: The Theoretical Background’ 8. Masataka Fujita (1995), ‘Small and Medium-sized Transnational Corporations: Trends and Patterns of Foreign Direct Investment’ PART IV CLUSTERS AND NETWORKS AS SOURCES OF SME COMPETITIVENESS 9. Michael E. Porter (2000), ‘Locations, Clusters, and Company Strategy’ 10. Hideki Yamawaki (2002), ‘The Evolution and Structure of Industrial Clusters in Japan’ PART V EXPORT STRATEGIES OF SMEs 11. Joachim Wagner (1995), ‘Exports, Firm Size, and Firm Dynamics’ 12. Bee Yan Aw, Geeta Batra and Mark J. Roberts (2001), ‘Firm Heterogeneity and Export-Domestic Price Differentials: A Study of Taiwanese Electronics Products’ 13. Joachim Wagner (2001), ‘A Note on the Firm Size-Export Relationship’ PART VI SMEs AND THE INTERNATIONAL MOVEMENT OF LABOR 14. Annalee Saxenian (2001), ‘The Role of Immigrant Entrepreneurs in New Venture Creation’ 15. Anuradha Basu (1998), ‘An Exploration of Entrepreneurial Activity among Asian Small Businesses in Britain’ PART VII SMEs AND TRANSNATIONAL TECHNOLOGY TRANSFER 16. Lorraine Eden, Edward Levitas and Richard J. Martinez (1997), ‘The Production, Transfer and Spillover of Technology: Comparing Large and Small Multinationals as Technology Producers’ 17. Peter J. Buckley (1997), ‘International Technology Transfer by Small and Medium-Sized Enterprises’ PART VIII THE DEVELOPING COUNTRY CONTEXT 18. Brian Levy (1991), ‘Transaction Costs, the Size of Firms and Industrial Policy: Lessons from a Comparative Case Study of the Footwear Industry in Korea and Taiwan’ 19. Mona Haddad, Jaime de Melo and Brendan Horton (1996), ‘Morocco, 1984–89: Trade Liberalization, Exports, and Industrial Performance’ 20. Jeffrey B. Nugent and Seung-Jae Yhee (2002), ‘Small and Medium Enterprises in Korea: Achievements, Constraints and Policy Issues’ 21. Bee Yan Aw and Geeta Batra (1999), ‘Wages, Firm Size, and Wage Inequality: How Much Do Exports Matter?’ PART IX POLICY ISSUES 22. Zoltan J. Acs, Randall Morck, J. Myles Shaver and Bernard Yeung (1997), ‘The Internationalization of Small and Medium-Sized Enterprises: A Policy Perspective’ 23. Steven J. Davis and Magnus Henrekson (1997), ‘Industrial Policy, Employer Size, and Economic Performance in Sweden’ 24. Ingrid Verheul, Sander Wennekers, David Audretsch and Roy Thurik (2002), ‘An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture’ Name Index

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Book SynopsisThis book focuses on current cutting-edge research concerning the increasing strategic importance of subsidiary networks to the multinational firm. It combines contributions from three major related areas of inquiry: the changing theoretical conception of networks and the structure of the multinational firm, the importance of spillovers and agglomeration economies related to multinational investments, and the management of the flow of information and knowledge from headquarters to subsidiaries and vice versa. The book approaches the network structure of the firm from the different perspectives of the expert international contributors, while also combining theoretical perspectives with recent empirical evidence.Network Knowledge in International Business offers students in international business and strategy a cross-section of relevant research and current empirical evidence relating to knowledge management and the management of the modern multinational.Trade Review'. . . this is a volume that will be welcomed by advanced international business students and scholars. It provides greater international access to a significant body of research dealing with networks with MNEs and the links to knowledge management.' -- John Stanton, Global Business and Economics Review'This scholarly volume contains a range of original and well documented insights into the changing organisational characteristics of MNEs, and particularly, the increasingly important role of foreign affiliates as knowledge augmenting and disseminating entities. A great deal of new empirical evidence - both at a country and firm level - is assembled and analysed, and several new areas of research are identified. Altogether, the monograph is an essential read for all international business scholars.' -- John Dunning, University of Reading, UK and Rutgers University, US'The material in this book is required reading for a broad audience of scholars in international business, organization, management and international economics. It covers a wide range of related subjects from inter-firm networks, alliances, multinational enterprise strategies to knowledge creation and technology transfer. Network Knowledge in International Business not only provides an extremely interesting overview of many contributions to the current work on networks, knowledge and international business strategies, it also influences the long-term research agenda of major topics in the international business literature.' -- John Hagedoorn, Maastricht University and MERIT, Maastricht, The NetherlandsTable of ContentsContents Preface 1 Introduction Sarianna M. Lundan 2 From value chain to value networks: towards a new strategic model Xavier Lecocq, Saïd Yami 3 Strategic knowledge management: a new research agenda Bo Bernhard Nielsen 4 The MNC as a network: a closer look at intra-organizational flows Stefan Schmid, Andreas Schurig, Michael Kutschker 5 On the dynamics and coexistence of multiple subsidiary roles: an investigation of multinational operations in the UK Robert D. Pearce, Ana Teresa Tavares 6 Sources of subsidiary knowledge and knowledge transfer in MNCs Nicolai J. Foss, Torben Pedersen 7 Subsidiary absorptive capacity, MNC headquarters’ control strategies and transfer of subsidiary competencies Ulf Andersson, Ingmar Björkman, Patrick Furu 8 Subsidiary decision-making autonomy: competences, integration and local responsiveness Vitor Corado Simões, Rita Biscaya, Pedro Nevado 9 Patterns of R&D co-operation by European firms: cost-economizing vs. technology-seeking Luis Miotti, Frédérique Sachwald 10 Competence accumulation and collaborative ventures: evidence from the largest European electronics firms and implications for EU technological policies Marco Giarratana, Salvatore Torrisi 11 Exploring inward-outward linkages in firms’ internationalization: a knowledge and network perspective Lawrence S. Welch, Gabriel R.G. Benito, Pål R. Silseth, Tore Karlsen 12 Accelerated internationalization from the periphery John A. Mathews 13 The corporate supplier network within the European personal computer industry Denise Tsang Index

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Book SynopsisThe application of real options theory to the decision making of multinational enterprises (MNEs) is an exciting new area of research within the field of international business. Such contributions will make existing theories in international business (such as internalization theory) dynamic and more realistic. This important collection presents 20 of the most significant articles that apply real options theory to international business and strategic management. The volume organizes the recent literature so that further advances can be made by international business scholars to capitalize on the power and usefulness of the real options approach. Part I includes articles that help to clarify the definitions of real options and the boundaries of applying real options theory to analyze the decision making of firms. Part II consists of applications to operational flexibility of the multinational network. Part III comprises applications to market entry modes among which joint ventures are most widely studied. Part IV refers to applications to market entry timing. Part V includes several applications to strategic management.Trade Review'A common criticism of economic theory is that its approach is static rather than dynamic, and that it ignores the impact of uncertainty on decisions. Real option theory shows that this criticism is unfounded. Real option theory explores the logic of flexibility - a crucial aspect of corporate strategy in a volatile and competitive environment. The editors have done a brilliant job in bringing together key contributions within a clear and logical structure. This book is an essential reference source for anyone working in this exciting area of research.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Acknowledgements Introduction Alan M. Rugman and Jing Li PART I THE REAL OPTIONS APPROACH TO INTERNATIONAL BUSINESS AND STRATEGY 1. Peter J. Buckley, Mark Casson and Mohammed Azzim Gulamhussen (2002), ‘Internationalisation – Real Options, Knowledge Management and the Uppsala Approach’ 2. Peter J. Buckley and Mark C. Casson (1998), ‘Models of the Multinational Enterprise’ 3. Ron Adner and Daniel A. Levinthal (2004), ‘What is Not a Real Option: Considering Boundaries for the Application of Real Options to Business Strategy’ PART II APPLICATIONS OF REAL OPTIONS TO MULTINATIONAL AND OPERATIONAL FLEXIBILITY 4. Alan M. Rugman (1976), ‘Risk Reduction by International Diversification’ 5. Bruce Kogut and Nalin Kulatilaka (1994), ‘Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network’ 6. José Manuel Campa (1994), ‘Multinational Investment Under Uncertainty in the Chemical Processing Industries’ 7. Subramanian Rangan (1998), ‘Do Multinationals Operate Flexibly? Theory and Evidence’ 8. Kent D. Miller and Jeffrey J. Reuer (1998), ‘Firm Strategy and Economic Exposure To Foreign Exchange Rate Movements’ 9. Jeffrey J. Reuer and Michael J. Leiblein (2000), ‘Downside Risk Implications of Multinationality and International Joint Ventures’ PART III REAL OPTIONS AND MARKET ENTRY MODES 10. Bruce Kogut (1991), ‘Joint Ventures and the Option to Expand and Acquire’ 11. Tailan Chi and Donald J. McGuire (1996), ‘Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes’ 12. Timothy B. Folta (1998), ‘Governance and Uncertainty: The Trade-off Between Administrative Control and Commitment’ 13. Tailan Chi (2000), ‘Option to Acquire or Divest a Joint Venture’ PART IV REAL OPTIONS AND MARKET ENTRY TIMING 14. Peter J. Buckley and Mark Casson (1981), ‘The Optimal Timing of a Foreign Direct Investment’ 15. Pietra Rivoli and Eugene Salorio (1996), ‘Foreign Direct Investment and Investment Under Uncertainty’ 16. Timothy B. Folta and Kent D. Miller (2002), ‘Real Options in Equity Partnerships’ 17. Timothy B. Folta and Jonathan P. O’Brien (2004), ‘Entry in the Presence of Dueling Options’ PART V REAL OPTIONS AND STRATEGIC MANAGEMENT 18. Edward H. Bowman and Dileep Hurry (1993), ‘Strategy Through the Option Lens: An Integrated View of Resource Investments and the Incremental-Choice Process’ 19. Rita Gunther McGrath (1997), ‘A Real Options Logic for Initiating Technology Positioning Investments’ 20. Bruce Kogut and Nalin Kulatilaka (2001), ‘Capabilities as Real Options’ Name Index

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Book SynopsisMartin Ricketts, a leading scholar in this field, has selected the seminal papers from a variety of traditions that illustrate the evolution of thinking on 'the firm' over a considerable period of time. The firm as a vehicle for entrepreneurial initiative and the exercise of business judgement is contrasted throughout with the firm as a policing mechanism in response to known contractual hazards. The selection is in three volumes that cover respectively the general theoretical background; the ownership and scope of the firm - its degree of vertical and transnational integration; and agency issues relating to employee incentives and the control of managers. This authoritative collection will provide a valuable reference, of interest to students, postgraduates and professional economists seeking an overview of the subject and its evolution.Trade Review‘The Economics of Modern Business Enterprise, edited by Martin Ricketts, focuses upon the historical development of the transaction cost view of the firm - with “transaction cost” interpreted rather broadly. Its three volumes comprise the most influential papers in the field, introduced by the editor with an extremely well written introduction. The three volumes address graduate students of business economics. They are so well selected, ordered and introduced that they may as well serve as a handbook on “the new institutional economics of the firm.”’ -- Rudolf Richter, Saarland University, Germany and The Hoover Institution, Stanford University, US‘Martin Ricketts’ collection of leading articles on “The Economics of Modern Business Enterprise” is organized in three volumes: “Transaction Costs, Property Rights and the Entrepreneur,” “Ownership and Scope,” and “Incentives and Control.” No student of business and economic organization can fail to be impressed by Ricketts’ knowledge of this literature. Equally important is the manner in which this collection is organized: Ricketts tracks the historical development of key ideas in this area from early contributions in the 1970s to the present and uses “transaction costs,” broadly construed, as the organizing theme. This vast literature is given added meaning and perspective in the process, to the benefit of both new and active participants. This collection not only, therefore, records the significant accomplishments of this exciting research arena but will serve as a springboard for the continuation thereof.’ -- Oliver E. Williamson, University of California, Berkeley, USTable of ContentsContents: Volume I: Transaction Costs, Property Rights and the Entrepreneur Acknowledgements Introduction Martin Ricketts PART I TRANSACTIONS COSTS, THE MARKET AND THE FIRM 1. Frank H. Knight (1921), ‘Enterprise and Profit’ 2. R.H. Coase (1937), ‘The Nature of the Firm’ 3. Fritz Machlup (1967), ‘Theories of the Firm: Marginalist, Behavioral, Managerial’ 4. Armen A. Alchian and Harold Demsetz (1972), ‘Production, Information Costs, and Economic Organization’ 5. Oliver E. Williamson (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations’ 6. Oliver E. Williamson (1981), ‘The Modern Corporation: Origins, Evolution, Attributes’ 7. Robert B. Ekelund, Jr. and Robert D. Tollison (1980), ‘Mercantilist Origins of the Corporation’ 8. Armen A. Alchian and Susan Woodward (1987), ‘Reflections on the Theory of the Firm’ PART II THE ENTREPRENEUR 9. Alfred Marshall ([1925]1953), ‘Industrial Organization, Continued. Business Management’ 10. Joseph A. Schumpeter (1950), ‘Crumbling Walls’ 11. Israel M. Kirzner (1973), ‘The Entrepreneur’ 12. B.J. Loasby (1982), ‘The Entrepreneur in Economic Theory’ 13. Ulrich Witt (1987), ‘How Transaction Rights Are Shaped to Channel Innovativeness’ 14. Nicolai Juul Foss (1993), ‘Theories of the Firm: Contractual and Competence Perspectives’ 15. Mark Casson (2000), ‘An Entrepreneurial Theory of the Firm’ PART III PRINCIPAL AND AGENT 16. Kenneth J. Arrow (1985), ‘The Economics of Agency’ 17. Steven Shavell (1979), ‘Risk Sharing and Incentives in the Principal and Agent Relationship’ 18. Martin Ricketts (1986), ‘The Geometry of Principal and Agent: Yet Another Use for the Edgeworth Box’ 19. Harold Demsetz (1995), ‘Agency and Nonagency Explanations of the Firm’s Organization’ PART IV PROPERTY RIGHTS AND THE FIRM 20. Sanford J. Grossman and Oliver D. Hart (1986), ‘The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration’ 21. Oliver Hart and John Moore (1990), ‘Property Rights and the Nature of the Firm’ 22. Oliver Hart (1995), ‘Established Theories of the Firm’ and ‘The Property Rights Approach’ 23. Bengt Holmström and John Roberts (1998), ‘The Boundaries of the Firm Revisited’ Name Index Volume II: Ownership and Scope Acknowledgements An introduction by the editor to all three volumes appears in Volume I PART I OWNERSHIP OF THE FIRM 1. Adam Gifford, Jr. (1991), ‘A Constitutional Interpretation of the Firm’ 2. Henry Hansmann (1996), ‘A Theory of Enterprise Ownership’ 3. Benjamin Ward (1958), ‘The Firm in Illyria: Market Syndicalism’ 4. Eirik G. Furubotn (1988), ‘Codetermination and the Modern Theory of the Firm: A Property-Rights Analysis’ 5. Eugene Kandel and Edward P. Lazear (1992), ‘Peer Pressure and Partnerships’ 6. Henry Hansmann (1987), ‘Economic Theories of Nonprofit Organization’ 7. Edwin G. West (1989), ‘Nonprofit Organizations: Revised Theory and New Evidence’ PART II THE SCOPE OF THE FIRM A The Franchise Contract 8. Paul H. Rubin (1978), ‘The Theory of the Firm and the Structure of the Franchise Contract’ 9. G. Frank Mathewson and Ralph A. Winter (1985), ‘The Economics of Franchise Contracts’ 10. Robert E. Martin (1988), ‘Franchising and Risk Management’ 11. Antony W. Dnes (1992), ‘”Unfair” Contractual Practices and Hostages in Franchise Contracts’ 12. Alanson P. Minkler (1992), ‘Why Firms Franchise: A Search Cost Theory’ B Vertical Integration 13. Kenneth J. Arrow (1975), ‘Vertical Integration and Communication’ 14. Benjamin Klein, Robert G. Crawford and Armen A. Alchian (1978), ‘Vertical Integration, Appropriable Rents, and the Competitive Contracting Process’ 15. Kirk Monteverde and David J. Teece (1982), ‘Appropriable Rents and Quasi-Vertical Integration’ 16. Ramon Casadesus-Masanell and Daniel F. Spulber (2000), ‘The Fable of Fisher Body’ 17. Ronald Coase (2006), ‘The Conduct of Economics: The Example of Fisher Body and General Motors’ 18. Benjamin Klein (2007), ‘The Economic Lessons of Fisher Body-General Motors’ 19. John M. Vernon and Daniel A. Graham (1971), ‘Profitability of Monopolization by Vertical Integration’ 20. Richard Schmalensee (1973), ‘A Note on the Theory of Vertical Integration’ 21. Martin K. Perry (1980), ‘Forward Integration by Alcoa: 1888–1930’ C Transnational Integration 22. John H. Dunning (1973), ‘The Determinants of International Production’ 23. Alfred D. Chandler (1980), ‘The Growth of the Transnational Industrial Firm in the United States and the United Kingdom: A Comparative Analysis’ 24. John Cantwell (2000), ‘A Survey of Theories of International Production’ 25. Keith Cowling and Roger Sugden (1987), ‘The Rise of Transnationals and International Division of Labour’ Name Index Volume III: Incentives and Control Acknowledgements An introduction by the editor to all three volumes appears in Volume I PART I THE CONTRACT OF EMPLOYMENT 1. Oliver E. Williamson, Michael L. Wachter and Jeffrey E. Harris (1975), ‘Understanding the Employment Relation: The Analysis of Idiosyncratic Exchange’ 2. Joseph E. Stiglitz (1975), ‘Incentives, Risk, and Information: Notes Towards a Theory of Hierarchy’ 3. Carl Shapiro and Joseph E. Stiglitz (1984), ‘Equilibrium Unemployment as a Worker Discipline Device’ 4. Edward P. Lazear and Sherwin Rosen (1981), ‘Rank-Order Tournaments as Optimum Labor Contracts’ 5. Edward P. Lazear (1981), ‘Agency, Earnings Profiles, Productivity, and Hours Restrictions’ 6. Robert M. Hutchens (1989), ‘Seniority, Wages and Productivity: A Turbulent Decade’ 7. Edward P. Lazear (2000), ‘The Future of Personnel Economics’ 8. Bruno S. Frey (1993), ‘Does Monitoring Increase Work Effort? The Rivalry with Trust and Loyalty’ PART II MANAGEMENT INCENTIVES 9. Armen A. Alchian (1969), ‘Corporate Management and Property Rights’ 10. Michael C. Jensen and William H. Meckling (1976), ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’ 11. Michael C. Jensen and Kevin J. Murphy (1990), ‘Performance Pay and Top-Management Incentives’ 12. Joseph G. Haubrich (1994), ‘Risk Aversion, Performance Pay, and the Principal-Agent Problem’ 13. Brian J. Hall and Jeffrey B. Liebman (1998), ‘Are CEOs Really Paid Like Bureaucrats?’ 14. Eugene F. Fama (1980), ‘Agency Problems and the Theory of the Firm’ 15. Eugene F. Fama and Michael C. Jensen (1983), ‘Agency Problems and Residual Claims’ 16. Oliver D. Hart (1983), ‘The Market Mechanism as an Incentive Scheme’ PART III THE MARKET IN CORPORATE CONTROL 17. Henry G. Manne (1965), ‘Mergers and the Market for Corporate Control’ 18. Sanford J. Grossman and Oliver D. Hart (1980), ‘Takeover Bids, the Free Rider Problem, and the Theory of the Corporation’ 19. Michael C. Jensen (1988), ‘Takeovers: Their Causes and Consequences’ 20. Andrei Shleifer and Lawrence H. Summers (1988), ‘Breach of Trust in Hostile Takeovers’ 21. Andrei Shleifer and Robert W. Vishny (1986), ‘Large Shareholders and Corporate Control’ PART IV COMPARING GOVERNANCE TYPES 22. Masahiko Aoki (1990), ‘Toward an Economic Model of the Japanese Firm’ 23. Jens Köke and Luc Renneboog (2005), ‘Do Corporate Control and Product Market Competition Lead to Stronger Productivity Growth? Evidence from Market–Oriented and Blockholder-Based Governance Regimes’ Name Index

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Book SynopsisIn this fresh examination of the Microsoft antitrust case, Richard Gordon critically examines the economics of the US government's arguments. The conclusion is that the government presented a sketchy, incoherent, invalid economic case and relied upon creating the impression of misdeeds to persuade the courts. The primary charge is that Microsoft possessed an impregnable monopoly in operating systems for personal computers. According to the government, Microsoft created, included in its operating system, and vigorously promoted its internet browser solely to prevent the development of the Java/Netscape alternative. The promotion of this browser was considered predatory. Microsoft allegedly undertook similar acts against other companies. According to Gordon, the government failed to present even a clear statement of its charges and failed to substantiate the critical allegations. In this book, he concentrates on the underlying economics of the case and reviews the germane theory. He presents and evaluates implicit government arguments as well as Microsoft's refutations.Readers in economics, law and public policy will find this well researched analysis enlightening.Trade Review'This volume is a careful discussion valuable for its reporting of and attention to details discussed elsewhere only in more general terms. The comprehensive bibliography lists about 225 publications, making this a good resource for publications on Microsoft up to early 2001. Highly recommended for general readers, professionals, and academic audiences, upper-division undergraduates through faculty.' -- R.A. Miller, Choice'This is by far the most thorough, detailed, and careful economic analysis of the Microsoft case by a non-partisan third party. The author provides a window into the central set of ideas that provided the groundwork of the case and painstakingly presents the material in a manner that can be understood by readers. He also examines, in a clear and unbiased way, the testimony of the economists on both sides of the case. Anyone interested in fundamental ideas and concepts, as opposed to superficial anecdotes, should consult this book. This book would be an excellent choice in or out of the classroom.' -- Stan Liebowitz, University of Texas, Dallas, US'Gordon has provided us with a detailed roadmap of the economic argument of the Microsoft case, including a thorough examination of the economic theories that were used and an exceptionally careful examination of the trial record. He shows the remarkable weakness of both the theory and evidence that underpin the government's case. The result is an indictment of both the legal process in the case and antitrust in general.' -- Stephen E. Margolis, North Carolina State University, USTable of ContentsContents: Preface 1. Introduction: The Case and Its Critics 2. Modern Economics and the Microsoft Case 3. Determinants of Monopoly in Theory and Practice 4. Predation, Tying, Vertical Squeezes, and Other Competitive Tactics 5. QWERTY: Threat or Fable, Towards the Applications Barrier to Entry 6. Introduction to the Case 7. The Treatment of Monopoly in the Case 8. Microsoft’s Tactics: Predation, Tying, and Threats in Theory 9. Microsoft’s Tactics: Predation, Tying, and Threats in Practice 10. After the Facts: Decisions and Commentary 11. Summary and Conclusions Bibliography Index

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Book SynopsisAlliance Capitalism for the New American Economy advocates engagement with the USA's macromanagement problems in a spirit of alliance capitalism, for the development of a more integrated, dynamic economy. Whereas most studies of the USA emphasise the efficiency effects of intense competition between firms, this book stresses that as the new economy becomes more knowledge based, its development necessitates active intercorporate cooperation, especially in high technology sectors.The book focuses on problems of balance between competition and cooperation in the relations between American firms, as well as in political competition and cooperation for the management of US economic policy. Public concern over the dynamics of the US political economy has increased since the dramatic disclosures during 2002 of high-risk speculation and fraud by major American enterprises. The authors argue that these problems reflect fierce competition, insufficiently restrained by monitoring and regulation. Imperatives for the development of a more cooperative, collegial style of capitalism are stressed. The authors also highlight the importance of technocratic contributions to the development of corporate alliances and address the increasing significance of working skill levels.This volume will provide valuable reading and reference material for all students, academics and researchers of business and competition policy. Corporate managers and government agencies involved in technology, trade, financial regulation and infrastructure development will also gain practical insights into the benefits of a more cooperative model of capitalism.Table of ContentsContents: Foreword 1. The American Political Economy 2. Problems of Governance in the USA 3. American Structural and Policy Interdependencies 4. US Structural Change: Macroeconomic Policy Issues 5. The US Financial Sector: Regulatory Issues 6. The US Policy Mix and Corporate Strategies 7. US Firms in World Finance 8. American Alliance Capitalism: Flagship-led Clusters 9. The US Current Account: Issues and Implications 10. Globalization and Economic Integration: Implications for Microeconomic Policy in the USA and Europe 11. Long-range Planning Index

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Book SynopsisThe advent of the Information Age has transformed the ways in which individuals work, travel, and conduct their daily activity. Anna Nagurney and June Dong lay out the theory of supernetworks, networks that exist over and above existing electronic networks, in order to formalize decision-making in the Information Age. Supernetworks are conceptual in scope, graphical in perspective, and, with the accompanying theory, predictive in nature. In this book, the authors provide a unifying framework for the study of decision-making by a variety of economic agents including consumers and producers as well as distinct intermediaries in the context of today's networked economy. They provide the conceptual, analytical, and computational tools for the study of supernetworks. Their approach is rigorous and of sufficient generality and detail to give added insight into the behavior and structure of large-scale, interacting and competitive network systems, such as transportation, telecommunication, and financial networks. Areas studied include: supply chain networks with electronic commerce, financial networks with intermediation, telecommunicating versus commuting decision-making, teleshopping versus shopping decision-making, as well as transportation and location decisions. Case studies drawn from practice are provided for illustration purposes. Academics and practitioners in economics, business, and operations research along with management scientists, transportation and logistics researchers, computer scientists and applied mathematicians will find this book fascinating and useful.Trade Review'The book provides a fair argument for the use of equilibrium models to represent systems involving several layers of independent agents. Since the topics addressed are important in the current 'Information Age,' this book is certainly relevant.' -- Patrice Marcotte, Journal of Regional ScienceTable of ContentsContents: Preface Part I: Introduction and Foundations 1. Introduction and Overview 2. Background 3. Foundations of Supernetworks Part II: Multitiered Networks 4. Supply Chain Networks and Electronic Commerce 5. A Multilevel Perspective for Supply Chain Dynamics 6. Dynamic Financial Networks with Intermediation Part III: Multicriteria Networks 7. Multicriteria Network Equilibrium Modelling 8. A Space-Time Network for Telecommuting versus Commuting 9. Urban Location and Transportation in the Information Age Part IV: New Directions 10. Supernetworks of Producers and Consumers 11. Multicriteria Decision-Making in Financial Networks 12. Paradoxes and Policies A. Optimization Theory B. Variational Inequalities and Projected Dynamical Systems C. Algorithms Bibliography Index

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Book SynopsisWhat makes the US different from other advanced economies is the opportunity for newcomers acting as entrepreneurs to start new companies, a few of which will then change the world. This book develops three points. First, the New Economy is real: part micro, part macro, and all digital. Second, its emergence around networked PCs propelled the US resurgence in the world economy during the 1990s. Third, rather than subsiding, the current US lead in information technology (IT) could well increase over the next decade. The reason lies in the clustered linking of venture capital and entrepreneurs in a system that can be stylized as 'the invention of the method of innovation'. The central theme of the book is the vital role played by newcomers, acting as entrepreneurs, to overthrow the old order and blast through the deep tendencies toward stagnation that afflict advanced, affluent economies. Related strands are (1) an update and reappraisal of Joseph Schumpeter's vision of capitalist development, (2) a regional focus on the rebirth of US computing, and (3) a detailed inquiry into the geography of innovation in strategic clusters of venture capital firms and IT knowledge workers. The author provides a sharply etched portrayal of the geography of the new economy. He lists specific case studies of the failure of established managerial corporations to capitalize on inventions, a failure remedied by newcomers. The book recounts traditional and new theories of the entrepreneur and of creative destruction. Primers on venture capital, IPOs, and internet business models are included, as are comparisons of theory and data on the emergence of new 'strategic cities'. Lastly, it offers a brief, readable, detailed, and company-specific history of the PC revolution and the coming of the internet.Economists, geographers, and regional scientists, students and readers interested in the digital economy, the internet, the history of economic thought, and the New Economy and investors will all find this book revealing and enlightening.Trade Review'The book is intended for economists, geographers, students and regional scientists as well as for policymakers and scholars, both those who are seeking further information regarding the new economy and those who feel they should know more about the principles of the new economy will learn much from this book. It covers an impressive range of issues, and each topic is dealt with a comprehensive systematic manner. The book is written in an accessible style - generally non-technical except for appendices and largely jargon free.' -- Guldem Gokcek, Eastern Economic Journal'Overall, the comprehensiveness and the massive amount of data on new economy phenomena make Creating the New Economy a nice collection of new economy topics that are of major interest to regional scientists.' -- Erik Stam, Papers in Regional Science'I have read the Norton manuscript with fascination. He has a provocative thesis, and he successfully puts himself in the middle of virtually every current debate about our economy. It is the kind of book that everyone interested in these controversies will want to read and ponder. At first, few may agree with him but then again he agrees with very few whose ideas he touches. He has made Schumpeter his lodestar. . . Yet, I would venture a guess that Schumpeter himself would not only have been amused, even gratified, but he would have hailed Norton's work as a significant extension of what he had in mind and as a fine example of the bold style he admired.' -- Mark Perlman, University of Pittsburgh, US'This book is a vigorous statement extolling the continuing leadership prospects for the US economy. A primary contribution is in pointing out that sustained growth in the free market economy is not just the result of fortunate but largely accidental developments. Rather, it is attributable to a considerable degree to the powerful and enduring mechanism of entrepreneurship.' -- William J. Baumol, New York University and Princeton University, US'While there is a lot of talk about the New Economy, scholars have been slow to take the subject seriously. This volume is an important exception. Norton tackles the subject of the New Economy head on, providing a deep and thoughtful explanation of what this New Economy is all about, where it came from, how it differs from the 'old economy' and where it is headed. Policymakers and scholars from all fields of economics and business will find this book important and valuable in placing the New Economy in an intellectually satisfying historical context.' -- David B. Audretsch, Indiana University, Bloomington, US and Otto Beisheim School WHU, GermanyTable of ContentsContents: Preface: Geographies of Creation Part I: Three Conceptions of the New Economy Part II: Requiem Part III: The Revolution Part IV: Networks Part V: What Went Right? Bibliography Index

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Book SynopsisFast track route to mastering all aspects of global strategy Covers all the fundamentals of successful global strategy, from market entry tactics to understanding local regulations, and from understanding country risk to finding sales and marketing opportunities Examples and lessons from some of the world's most successful businesses, including Wal-Mart, Tesco and MSN, and ideas from the smartest strategy gurus Includes a glossary of key concepts and a comprehensive resources guide ExpressExec is a unique business resource of one hundred books. These books present the best current thinking and span the entire range of contemporary business practice. Each book gives you the key concepts behind the subject and the techniques to implement the ideas effectively, together with lessons from benchmark companies and ideas from the world's smartest thinkers. ExpressExec is organised into ten core subject areas making it easy to find the information you need: 01 Innovation 02 Enterprise 03 Strategy 04 Marketing 05 Finance 06 Operations and Technology 07 Organizations 08 Leading 09 People 10 Life and Work ExpressExec is a perfect learning solution for people who need to master the latest business thinking and practice quickly.Table of ContentsIntroduction to ExpressExec v 03.02.01 Introduction 1 03.02.02 Definition of Terms 13 03.02.03 Evolution 27 03.02.04 The E-Dimension 43 03.02.05 The Global Dimension 55 03.02.06 The State of the Art 67 03.02.07 In Practice: Global Strategy Success Stories 85 03.02.08 Key Concepts and Thinkers 101 03.02.09 Resources 109 03.02.10 Ten Steps to Making Global Strategy Work 117 Frequently Asked Questions (FAQs) 133 Index 137

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Book SynopsisFast track route to mastering all aspects of global marketing Covers all the key techniques for successful global marketing, from creating global brands to building an international culture, and from selecting international executives to delivering innovation globally Examples and lessons from some of the world's most successful businesses, including McDonalds, Unilever and Nokia, and ideas from the smartest thinkers, including Philip Kotler and Michael Czinkota. Includes a glossary of key concepts and a comprehensive resources guideTable of ContentsIntroduction to Express Exec Introduction Definition of Terms Evolution The E-Dimension The Global Dimension The State of the Art In Practice Key Concepts and Thinkers Resources Ten Steps to Making it Work Frequently Asked Questions (FAQs) Index

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Book SynopsisFast track route to mastering the art of global leadership Covers the key areas of global leadership, from defining thequalities that distinguish global leadership from conventionalleadership and how a global presence requires an understanding ofyour company's impact overseas, to leading from a distance andunderstanding what it takes to make global leadership work Examples and lessons from some of the world's most successfulbusinesses, including McKinsey, Nokia, Nestlé and Matsushita,and ideas from the smartest thinkers, including Warren Bennis, JohnKotter, Robert Rosen, Philip R. Harris, Robert T. Moran and PeterSenge Includes a glossary of key concepts and a comprehensiveresources guideTable of ContentsIntroduction to Express Exec Introduction to Global Leadership Definition of Terms: What is Global Leadership? The Evolution of Global Leadership The E-Dimension The Global Dimension The State of the Art Global Leadership In Practice Key Concepts and Thinkers Resources Ten Steps to Making Global Leadership Work Frequently Asked Questions (FAQs) Acknowledgements Index

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Book SynopsisFast track route to understanding the organizational, economic andmanagerial pressures and constraints in managing global activities Covers the key areas of strategic, marketing and financialpriorities and demands and the need for corporate social, culturaland operational awareness and responsibility Examples and lessons from some of the world's most successfulbusinesses, including ABB, Nissan and Mattel Inc, and ideas fromthe world's smartest thinkers, including Gary Hamel, Peter Drucker,Naomi Klein, Sumantra Ghoshal and Chris Bartlett Includes a glossary of key concepts and a comprehensiveresources guideTable of ContentsIntroduction to Express Exec Introduction to Global Organizations What is are Global Organizations? Evolution of Global Organizations The E-Dimension of Global Organizations The Global Dimension The State of the Art of Global Organizations Globalization Success Stories Key Concepts and Thinkers Resources Ten Steps For Effective Global Organization Management Frequently Asked Questions (FAQs) Index

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