The purpose of this study is to formalize the choice of market entry strategy for an individual multinational enterprise (MNE) from a dynamic perspective. It is argued that incorporating a suitable treatment of irreversibility, uncertainty and flexibility related to a MNEs investment decision...

This paper examines one possible explanation for intra-trade flows derived in light of an international environment characterized by product differentiation, economies of scale, and monopolistic competition. The analysis may be structured within a more general formulated Heckscher-Ohlin...

The ongoing globalization of production was accompanied by the fast development of information and communication systems. Especially the example of the internet shows this very clearly. Although this relatively young communication network is used by an increasing number of people, and the...

The key to success is to institutionalise integrative thinking in your organization and among employees within co-operative yet highly competitive environments. Therefore, the next section of this paper lays out a general discussion of globalisation versus internationalisation in which an...

The book adresses a topic that is of great importance, both from theoretical as well as practical perspectives. Selected theoretical aspects of direct investment and multinational enterprises and their embedding in modern foreign trade theory are the focus of Broll's research. For the...

The rapid expansion of West German exports in the 1970s has now been overtaken by the more rapid growth of West German FDI. The experience of West German multinationals reftects this trend; companies which invest abroad are largely concerned either with expanding into new export markets or with...

The role of government in fostering "Competitiveness" is a major issue in recent industrial public policy debates. In fact, the increased politicization of international business represents one of the most significant changes in business-government relations over the last two decades. During...

The paper analyses "intra-firm" trade in manufacturing, that is, the estimated one-third of world trade in manufactures which is transacted between affiliated parties. As firms realize the increasing potential for integrating their operations throughout the world, they are contributing to...

The present article tries to outline important development tendencies regarding the interntaionalization of business during the last twenty years, with focus on the consequences of globalization for Europe. In order to get across the location of foreign trade relationsships, chapter 2 recalls...