Inside the Multinationals, 25th Anniversary Edition : the Economics of Internal Markets

The first edition of Inside the Multinationals was a milestone book which applied the new theory of the multinational enterprises in a North American context. In it, Alan M. Rugman popularized internalization theory and helped to extend it as the cornerstone of research in the field of international business. Now with a new introduction assessing the path-breaking contribution of the book, this 25th Anniversary edition gives scholars access to the original text. Professor Rugman now serves as President of the Academy of International Business. The first edition of Inside the Multinationals was a milestone book which applied the new theory of the multinational enterprises in a North American context. In it Alan Rugman popularized internalization theory. This argues that the key reason for the success of MNEs is their ability to internalize within their organizational structures, international transactions in goods and finance and thereby take advantage of the imperfections which exist in the world's markets. He helped to extend internalization theory as the cornerstone of research in the field of international business. The 1981 book has been widely cited by subsequent researchers. Although it has become a classic in the field it has been out of print for many years. Now with a new Introduction assessing the path-breaking contribution of the book, this 25th Anniversary edition gives scholars access to the original text. Professor Rugman now serves as President of the Academy of International Business Front Matter....Pages i-xxxi Multinationals and the New Theory of Internalization....Pages 1-17 Internalization as a General Theory of Foreign Direct Investment....Pages 18-33 The Choice Between Trade, Foreign Direct Investment and Licensing....Pages 34-55 Implications of the Theory of Internalization for Corporate International Finance....Pages 56-70 Multinational Banking and the Theory of Internalization....Pages 71-86 Internalization and the Transfer of Technology....Pages 87-118 The Regulation of Multinational Corporations....Pages 119-141 Conclusions: The Future of Internalization....Pages 142-150 Back Matter....Pages 151-164 Applies the theory of the multinational enterprises in a North American context. The first edition of "Inside the Multinationals" was a milestone book which applied the new theory of the multinational enterprises in a North American context. In it, Alan M. Rugman popularized internalization theory and helped to extend it as the cornerstone of research in the field of international business. Now with a new introduction assessing the path-breaking contribution of the book, this 25th Anniversary edition gives scholars access to the original text. Professor Rugman now serves as President of the Academy of International Business The first edition of this book was a milestone. Applying the new theory of multinational enterprises in a North American context, it popularized internalization theory. Now with a new introduction assessing the ground-breaking contribution of the book, this 25th Anniversary edition gives scholars access to the original text. The 25th anniversary edition of a seminal work by one of the leading figures in international business studies, this book is based on the idea that internalisation of markets is a unifying paradigm for the theory of foreign direct investment. It includes a new introduction by the author