Abstract
The established theory of international business is not without problems. It is necessary to specify the key relationships between internalisation and market structure and between internalisation and competitive advantage more carefully. This chapter attempts to clarify the former relationship by reference to the work of Hymer and the latter by contrasting the nature of internalisation decisions with those building short-run competitive advantage. Avenues of development of the theory include the integration of non-traditional concepts and the reintegration of areas of research which have become divorced from core international business theory.
* I am grateful for the comments of three anonymous referees on a previous draft. These comments have improved the paper in various directions which are not individually noted.
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Buckley, P.J. (1992). Problems and Developments in the Core Theory of International Business. In: Studies in International Business. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12174-8_1
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