International Business and Development Economics: A Winning Combination; Generating a World's View Based on Buckley and Casson and Hirschman's Books

23 Pages Posted: 15 Nov 2004

See all articles by Tamir Agmon

Tamir Agmon

Gothenburg University - School of Business Economics and Law

Date Written: November 2004

Abstract

Much of the discussion in economics is concerned with growth. Economic growth can be discussed and measured in terms of a national state. It can be also discussed and measured in terms of a corporation, (often using the term value rather than growth). Development Economics is concerned with growth of countries run by governments; International Business is concerned with the behavior and the value of multinational enterprises run by management. This paper is about the interface between the two. The vehicle used in this paper to explore the interface is a comparative analysis between two very influential books; "The Strategy of development" by Hirschman, (1958), and the "Future of the Multinational Enterprise" by Buckley and Casson, (1976). The main argument of the paper is that Development Economics and International Business do approach a very similar issue, but they do it from two different dimensions perpendicular to each other. Looking at the whole picture, (the matrix as a whole rather than along the two separate vectors), gives the observer a more meaningful picture. This is done in the paper through a critical comparison of the two texts focusing on the two dimensions on internalization, growth and internalization, investment choices and strategies, and multinational enterprises and the dynamics of development.

Keywords: Development strategy, international business theory

JEL Classification: F23

Suggested Citation

Agmon, Tamir, International Business and Development Economics: A Winning Combination; Generating a World's View Based on Buckley and Casson and Hirschman's Books (November 2004). William Davidson Institute Working Paper No. 725. Available at SSRN: https://ssrn.com/abstract=618722 or http://dx.doi.org/10.2139/ssrn.618722

Tamir Agmon (Contact Author)

Gothenburg University - School of Business Economics and Law ( email )

Vassagatan 1,
Gothenburg
Sweden

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