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This chapter is based on an unpublished paper presented at a plenary session on 40 years of internalization theory at a conference in Vienna in December 2016. It examines the evolution of the internalization theory of the multinational enterprise over the past 40 years and, in the light of this, considers its potential for further development. The existing theory represents a synthesis of different strands of research, underpinned by a common set of economic principles. Its focus is on the global economy, and a representative global industry, rather than just the individual firm. The chapter shows how the existing theory can be extended to fulfil the ultimate ambition of early theorists, which was to analyse the boundaries of firms in an oligopolistic global industry.
The Trans-national Strategy and Policy Interface
Colin Turner and Debra Johnson
Infrastructuring is core to understanding state territoriality. It is the provision of the physical structures that are central to understanding the control that states seek to assert over their territory. This infrastructuring strategy is contextualised in terms of a defined infrastructural mandate which identifies the multi-functional role that infrastructure plays in state territoriality. The infrastructural mandate stresses that states seek a National Infrastructure System to perform a number of functions, namely to offer territorial integration, security, control and growth.
A Narrative of Theory and Practice
Outlines the aims, themes and content/structure of the book (i) To track the development of a theory of IB that will allow the understanding and evaluation of MNEs as agents in the global economy. (ii) To trace the evolution of the MNE as an organisational structure that has changed through time in response to changes (institutional and technological) in the global economy. (iii) To point up the ways in which these two analytical strands have overlapped in mutually supportive and elucidatory ways. (iv) Provides and elaborates a definition of the MNE.