Nations And Firms In The Global Economy

Combining economics and business perspectives, this undergraduate textbook explores key principles of the world economy through a uniquely integrated lens.

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This accessible introduction to the world economy and the theory and practice of globalisation argues that key topics in international economics cannot be understood without knowledge of international business. It reviews and combines insights from both literatures and applies them to real-world issues.

This updated third edition accessibly explores key principles of global markets via the integration of international economics and business.

Presenting a debate on multinationals that is grounded in sound economic arguments, the authors explain their conclusion that multinational enterprises are generally a force for the promotion of prosperity in the world economy.

These studies of the international competitiveness of small open economies demonstrate the critical importance of foreign direct investment as an engine of economic development: multinational enterprises are the key drivers of international competitiveness. Alan M. Rugman, University of Reading, UK Globalization has made every country small . The global economic crisis has made sure that every country has increasingly realised that it is open and vulnerable as well. This volume is both timely and relevant. Small country studies should become mainstream for scholars in business, economics and politics! Rob van Tulder, RSM Erasmus University, the Netherlands This book provides a fresh and clear-eyed view of the relationship between multinationals and location advantages of countries. It is one of the first attempts to build a constructive bridge between the theory of international business and the outstanding contribution of Michael Porter about the drivers of competitiveness. The authors address crucial issues demanding the attention of teachers, researchers, practitioners and political leaders. Philippe Gugler, University of Fribourg, Switzerland This unique, extensive Handbook illustrates that multinational enterprises can contribute substantially to the competitive advantage of small countries. It advances the notion that small nations increasingly need to rely on both home-grown and foreign multinational enterprises to achieve domestic economic success in industries characterized by international competition. The expert contributors explore the roles of firms in a range of small, successful open economies driven by such multinational enterprises across the globe. They juxtapose country data sets against Professor Michael Porter s paradigm of single diamond components and show that these single diamond components reflect merely a set of initial conditions, which can be improved upon through both inward and outward direct investment. Concluding that multinational enterprises create resource linkages between the home and host environments in which they operate, this Handbook proves to be a fascinating read for academics, students and researchers with an interest in business and management, economics and international economics.

This comprehensive collection documents the major processes, performance, institutions, problems and policies associated with global political economy. For the first time in a single volume, the authors present a detailed analysis of the changing distribution and production of wealth throughout the world, different measures of performance, the global technological revolution, long waves in the world economy and a special study of Asia and Eastern Europe in the world system.

Richard Vietor shows how governments set direction and create the climate for a nation's economic development and profitable private enterprise. Drawing on history, economic analysis, and interviews with executives and officials around the globe, he provides examinations of different government approaches to growth and development.