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Peter Buckley

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Foreword

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

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Introduction

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

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The Applied Economics of (International) Business: A Personal Perspective

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

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 integrating culture into the rubric and into a comprehensive analysis of the varied phemomena of globaliastion.

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Forty years of internalisation theory and the multinational enterprise

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

The purpose of this paper is to review the key analytical principles of internalisation theory as a general theory of the multinational enterprise (MNE). It illustrates the vitality, relevance and flexibility of the approach in explaining the continued evolution of the MNE. As a grounded social science theory, it provides, in combination with history and economic geography, satisfying and novel explanations of the key phenomina of the modern globalising economy

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Adam Smith's theory of knowledge and international business theory and practice

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

This paper demonstrates that Adam Smith's insights and reasoning can improve the theory of international business, and shed some light on its academic practices. Smith was a system builder; his theory of knowledge underpinned his entire oeuvre, and understanding his systematic approach can help current international business to achieve a similarly coherent body of theory. Smith's approach sheds direct light on decision-making in multinational enterprises, and on cultural distance (the "liability of foreignness"). Combining these two areas yields new Smithian insights into multinational enterprises from emerging countries.

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Historical Research Approaches to the Analysis of Internationalisation

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

Historical research methods and approaches can improve understanding of the most appropriate techniques to confront data and text theories in internationalisation research. A critical analysis of all 'texts' (sources), time series analyses, comparative methods across time periods and space, counterfactual analysis and the examination of outliers are shown to have the potential to improve research practices. Examples and applications are shown in these key areas of research with special reference to internationalisation processes.

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The Global Factory

Networked Multinational Enterprises in the Modern Global Economy

Peter J. Buckley

This key new book synthesises Peter Buckley's work on ‘the global factory’ – the modern networked multinational enterprise. The role of interfirm networks, entrepreneurship and cooperation in the creation and management of global factories leads to a discussion of their governance, internal knowledge transfer strategies and performance, including their role in potentially combating societal failures. Emerging country multinationals are examined as a special case of global factories with a focus on Indian and Chinese multinationals, their involvement in tax havens and offshore financial centres, the performance and processes of their acquisition strategies – all seen as key aspects of globalisation.