Contrary to the classical proposition, the works of Prebisch and Singer launched the controversial hypothesis of long-term decline in the terms of trade of primary products vis-à-vis manufactures and a corresponding decline in the terms of trade of the South vis-à-vis the North. The present...

This paper synthesizes five determinants of innovation and productivity of a nation. They are namely: (1) human resources and their characteristics, (2) natural and physical resources and their characteristics, (3) systems and strategies and their characteristics, (4) interactions and...

There have been numerous cross-border M&A deals involving transnational firms over the last 10 years, in many cases large deals involving European and/or US firms. Japanese firms see the need to expand their overseas presence in response to their low profitability, the maturation of the domestic...

Using data from 34 countries, this paper examines how each country's financial system and cultural ideology interact with globalization to impact the capability of firms to exploit external (i.e., capital and labor) and internal (i.e., research and development and intangible capital) advantages....

The currencies of nations, in their utility as a medium of exchange and store of value, behave variously according to the integrated dynamics of free enterprise, the central bank and government policy. As such, foreign exchange rates fluctuate constantly with consequences for the growth of...

Developed-country multinationals (DMNEs) have increasingly engaged in the practice of offshoring innovation to emerging countries. In this article, we leverage and extend the institution-based view to further our understanding of this phenomenon. Specifically, we examine the differential effects...

Offshoring of services (OS), commonly defined as the international relocation of service activities that companies previously performed in their home country, has emerged as a relevant phenomenon in international business (IB). Over the past two decades, OS has grown rapidly in the global...

This paper presents a framework that can be used to analyze the competitiveness of advanced technology durable goods manufacturing firms. The four main factors of competition for advanced technology firms identified by the authors are (1) production and delivery capabilities, (2) production and...

Does it pay to be a multinational? Despite decades of empirical research, we still do not know. We undertake a large‐sample, cross‐national replication of Lu and Beamish (2004) and Berry and Kaul's (2016) works to examine whether the multinationality–performance relationship is S‐shaped...