The revival of interest in Keynesian economics since the late 1980s reinstates the importance of Keynes's contribution to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an outstanding group of international experts to celebrate...

This paper discusses various explanations of how transaction cost-minimizing corporate configurations come about. It contrasts Darwinian with rational explanations, finding both unsatisfactory. What matters, rather than computation of fully recognized transaction costs, are managerial...

International business research represents an excellent testing ground for multidisciplinary research. Indeed, it has been considered as a test case for a unified social science approach. This paper (1) examines previous attempts to achieve interdisciplinarity in international business research,...

In this paper we call for a better understanding of cultural distance and its importance to managers across borders. We report on the structuring and interpretation of cultural distance by managers from Germany, the UK and Poland. In particular we are interested in the German/Polish, and the...

Thompson's (1967) framework is regarded as one of the classic work for analysing organizations in the West. This paper analyses organizational changes in Sinotrans utilizing a longitudinal case study to examine whether Thompson's framework is valid for understanding firms in a transitional...

This paper examines export-orientated and market-orientated foreign direct investment (FDI) in China's manufacturing industry. Based on Fung's (1995) survey estimation of China's market-orientated FDI in 1992 and China's Third National Industrial Census in 1995, we quantify the proportion of...

This paper moves from the general to the particular. First, it examines the differential speed of globalization in different types of market - specifically markets in finance, goods and services, and finally labour markets. It then analyses the location and ownership strategies of multinational...

This paper examines the issue of transfer pricing with particular reference to Japanese multinational companies against the background of recent press reports alleging the misuse of this pricing mechanism to locate artificially group profits in countries where a tax advantage may be obtained....

Dunning's recent discussions of the morality of global capitalism, as developed from his eclectic theory, are critically reviewed. It is argued that, in highlighting the benefits of globalisation, Dunning has underestimated the extent to which globalisation amplifies the costs of capitalism. The...