1998 | OriginalPaper | Chapter
Government Policy Responses to Strategic Rent-Seeking Transnational Firms
Author : Peter J. Buckley
Published in: International Strategic Management and Government Policy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
The main actors in the world economy are firms. Firms seek to maximise world profits and thus to appropriate the rents arising from their proprietary assets. These include technology, management, knowledge, organisational abilities and other internalised proprietary assets (Buckley and Casson, 1976, 1985; Magee, 1977). By denying others access to these internalised assets, transnational corporations (TNCs) earn rents that enable them to reinvest in the next generation of proprietary assets, or ‘ownership advantages’ (Dunning, 1980), thus enabling a dynamic competitive path to emerge over time (Buckley, 1983).