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International Joint Ventures

In: Economics of International Business

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Abstract

Economics of International Business sets out a new agenda for international business research. Mark Casson asserts that it is time to move the subject on from sterile debates about transaction cost economies and resource-based theories of the firm. Instead of focusing on the individual firm, the new agenda focuses on the global systems view of international business. A static view of the firm’s environment is replaced by a dynamic view which highlights the volatility of the international business environment. Coping with volatility requires entrepreneurial skills, flexibility and the need to synthesize information on a global basis. To co-ordinate the global system properly, entrepreneurs must co-operate through social networks of trust, as well as competing. Constructing a network of joint ventures, it is argued, is simply not enough.

Suggested Citation

  • ., 2000. "International Joint Ventures," Chapters, in: Economics of International Business, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2063_6
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    Cited by:

    1. Yang, Yi & Jia, Yuwei & Ling, Sun & Yao, Congxu, 2021. "Urban natural resource accounting based on the system of environmental economic accounting in Northwest China: A case study of Xi’an," Ecosystem Services, Elsevier, vol. 47(C).
    2. Eduardo Francisco Silva & Darlisson Fernandes Bento & Anderson Conceição Mendes & Fábio Góis Mota & Luiz Carlos Silva Mota & Arthur Iven Tavares Fonseca & Rodolfo Maduro Almeida & Livaldo Oliveira San, 2020. "Environmental impacts of sand mining in the city of Santarém, Amazon region, Northern Brazil," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(1), pages 47-60, January.
    3. Yi Liu & Cecil Pearson, 2011. "The Determining Factors of Western Australia’s (WA) Foreign Investment in China," Global Business Review, International Management Institute, vol. 12(1), pages 1-20, February.

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