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The internalisation theory of the multinational enterprise: past, present and future

In: Global Business

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  • with Peter J. Buckley

Abstract

This chapter presents an agenda for extending the theory of international business in order to explain a wider range of phenomena. This, however, has to be done with due attention to the requirements of good social science theory. Relevant criteria are set out, together with a list of issues that new theory must address. Theory needs to focus on industries as well as firms, and make greater use of formal multi-actor models. ‘Generalizing from the particular’ should be avoided; theory needs to be derived from general social science principles that have proved successful in cognate disciplines.

Suggested Citation

  • with Peter J. Buckley, 2023. "The internalisation theory of the multinational enterprise: past, present and future," Chapters, in: Global Business, chapter 5, pages 94-116, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22129_5
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035308040.00014
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