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The Effect of Human Capital on the Internationalization of Professional Firms

In: Innovative Management and Firm Performance

Author

Listed:
  • Lori P. Radulovich
  • Rajshekhar Raj G. Javalgi
  • Robert F. Scherer

Abstract

The tremendous growth of emerging markets has captured the attention of the world. Global trade in emerging economies continues to expand (UNCTAD, 2009a).1,2,3 For instance, when developed markets experienced negative GDP growth in 2009, India reported growth of 5%, and China’s GDP grew by 7.8%. Service trade, a dominant component of world trade (WTO, 2009), has increased on average 10% per year since 2000 with notable growth from the emerging market of India (UNCTAD, 2009a; WTO, 2009). India, where service contributions to GDP outpace manufacturing, has experienced service trade growth over the past decade exceeding the global average (UNCTAD, 2009a). In fact, India is said to possess a comparative advantage in services (UNCTAD, 2008c).

Suggested Citation

  • Lori P. Radulovich & Rajshekhar Raj G. Javalgi & Robert F. Scherer, 2014. "The Effect of Human Capital on the Internationalization of Professional Firms," Palgrave Macmillan Books, in: Maja Levi Jakšić & Slađana Barjaktarović Rakočević & Milan Martić (ed.), Innovative Management and Firm Performance, chapter 1, pages 3-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-40222-6_1
    DOI: 10.1057/9781137402226_1
    as

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