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The Challenges of the New Economy for Multinational Firms: Lessons for South-East Asia

In: The Challenge of International Business

Author

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  • Peter J. Buckley

    (University of Leeds)

Abstract

This chapter examines the impact of the ‘new economy’ on decision making in the multinational firm. Here, the new economy is taken to mean the technological revolution brought about by the widespread use of the Internet and electronic commerce (e-commerce), together with the political developments in the first years of a new millennium. These developments have brought a new volatility to international business and to the operations of multinational firms. The responses of firms to these pressures, and to ‘globalization’, which multinationals help to further, have resulted in important changes of strategy in the world’s multinational firms, with widespread consequences for the world economy.

Suggested Citation

  • Peter J. Buckley, 2004. "The Challenges of the New Economy for Multinational Firms: Lessons for South-East Asia," Palgrave Macmillan Books, in: The Challenge of International Business, chapter 7, pages 124-142, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50864-4_7
    DOI: 10.1057/9780230508644_7
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    Cited by:

    1. Bhagat, Sanjai & Malhotra, Shavin & Zhu, PengCheng, 2011. "Emerging country cross-border acquisitions: Characteristics, acquirer returns and cross-sectional determinants," Emerging Markets Review, Elsevier, vol. 12(3), pages 250-271, September.
    2. Samta Jain & Smita Kashiramka & P. K. Jain, 2018. "Impact of Organizational Learning and Absorptive Capacity on the Abnormal Returns of Acquirers: Evidence from Cross-Border Acquisitions by Indian Companies," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 19(4), pages 289-303, December.

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