It is argued that a new actor is emerging in international business, which can be dubbed “Social Multinational”, that is a blend of international rent-creation and pursuit of social objectives. However, it would be misleading to state that the emergence of Social Multinationals will be the...

The paper focuses on the formation, evolution and crisis of the 1989 AT&T-Italtel collaborative venture, which eventually led to a new partnership between the Italian equipment manufacturer and Siemens AG in 1994. This experience is discussed in the more general setting where the partners'...