This paper presents a transaction cost analysis of the internal business processes of firms. Business processes are collections of activities which are technologically or managerially linked so that they jointly affect value added. Their organisation is characterised by their...

This article examines the theoretical bases of both international management and the internalisation approach to international business. Similarities include: attention to the 'make or buy' decision, interaction between locational and organisational variables and attention to internal control...

This paper reports on an ESRC-funded project investigating 'the management of cooperative strategies', testing hypotheses drawn largely from (transaction cost) economics using data derived from the investigative methods of social anthropology. Cooperative strategies in a sample of British and...

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...

<italic>The applied economics of international business (IB) has been successful in explaining foreign direct investment, the existence and growth of multinational enterprises (MNEs) and in integrating new concepts such as trust in the analysis of joint ventures. It now needs to face challenges in fully...</italic>