This paper conceptualizes how organized labor in newly industrialized countries both responds to and shapes the presence of foreign multinationals. Four images of multinationals—as “villains,†“necessary evils,†“arm's length collaborators,†and...

Lottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of...

Since 1995 two Spanish banks -- Banco Santander Central Hispano and Banco Bilbao Vizcaya -- have become the largest foreign banks in retail banking in Latin America. This recent development merits careful analysis because foreign direct investment is rare in retail banking. We find that the...

Firms make strategic choices about foreign market access on the basis of location factors in the home and export countries, as well as on their ownership advantages. The empirical analysis is based on a sample of 837 manufacturing companies in a typical middle-income country (Spain), in which...

The Internet has not developed uniformly throughout the world. Data on 141 countries indicate that, after controlling for per capita income and installed telephone lines, cross-national differences in the numbers of Internet users and hosts have to do with favorable conditions for...

Although family firms are traditionally associated with low levels of internationalisation, this paper shows that family ownership can generate opportunities for international entrepreneurship related to the exploitation abroad of the expertise and social capital developed at home. Specifically,...

<DIV>The crumbling of the Berlin Wall, the fall of the iron curtain, and the Reagan and Thatcher "revolutions" all owe a tremendous debt to F. A. Hayek. Economist, social and political theorist, and intellectual historian, Hayek passionately championed individual liberty and condemned the dangers of...</div>

<DIV>Robert William Fogel was awarded the Nobel Prize in Economic Science in 1993.<BR><BR>"To take a trip around the mind of Robert Fogel, one of the grand old men of American economic history, is a rare treat. At every turning, you come upon some shiny pearl of information."—<I>The Economist</I><BR><BR>In this...</i></div>