This article reviews the relevance of the transactions-costs model to the role of the firm in production and diffusion of knowledge. A revival of interest in technology, productivity and growth has generated a new empirical and theoretical literature. A review of these developments suggests that...

In this seminal book, a distinguished group of experts pinpoint and rigorously analyse central topics in international business research. This volume will become a major reference tool for understanding the economics of multinational enterprise. The emphasis throughout is on a new dynamic...