We discuss issues pertaining to the political economy of “globalization”, in the context of the seminal contribution by Stephen Hymer. While Hymer’s contribution to the theory of the multinational enterprise (MNE) and foreign direct investment (FDI) is widely recognized, his contribution...

Edith Penrose's tightly argued classic laid the foundations for the resource based view of the firm, now the dominant framework in business strategy She analyses managerial activities and decisions, organizational routines, and also the factors that inevitably limit a firm's growth prospects....