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The market-internalization framework can be applied to non-economic institutions because society's nonmarket subsystems – political, social and cultural – are subject to failures just like economic markets, and firms can contribute to their repair or replacement by selectively, strategically...
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This paper examines the potential effect of anti-globalization on a key attribute of multinational enterprises (MNEs …) – the ability to transfer efficiently complex firm specific technological knowledge internationally. Anti-globalization … organizational firm boundaries and the origin of MNEs. The model predicts that after a “shock” of anti-globalization policies, which …
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of globalization through a more regionally-based world economy offering a better balance between national and … a return to the previous globalization wave. We suggest that there is an opportunity to address some of the weaknesses …
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