Skip to main content
SpringerLink
Log in

Internalization as a general theory of foreign direct investment: A re-appraisal of the literature

  • Literatur
  • Published:
Review of World Economics Aims and scope Submit manuscript

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

References

  • Adler, Michael, “Comment”. In: Tamir Agmon and Charles P. Kindleberger (Eds.),Multinationals from Small Countries. Cambridge, Mass., 1977, pp. 40–48.

  • Aliber, Robert Z., “A Theory of Direct Foreign Investment”. In: Charles P. Kindleberger (Ed.),The International Corporation. A Symposium, Cambridge, Mass., 1970, pp. 17–34.

  • - [1978a],Exchange Risk and Corporate International Finance. London, 1978.

  • — [1978b], “The Integration of National Financial Markets: A Review of Theory and Findings”.Weltwirtschaftliches Archiv, Vol. 114, 1978, pp. 448–480.

    Article  Google Scholar 

  • Brown, Wilson B., “Islands of Conscious Power: MNCs in the Theory of the Firm”.MSU Business Topics, Vol. 24, East Lansing, 1976, pp. 37–54.

    Google Scholar 

  • Buckley, Peter J., andMark Casson,The Future of the Multinational Enterprise. London, 1976.

  • Casson, Mark,A Theory of International Entrepreneurship. University of Reading, Department of Economics, Reading, 1978, mimeo.

  • -,Alternatives to the Multinational Enterprise. London, 1979.

  • Caves, Richard E., “International Corporations: The Industrial Economics of Foreign Investment”.Economica, N.S., Vol. 38, London, 1971, pp. 1–27.

    Article  Google Scholar 

  • Coase, Ronald H., “The Nature of the Firm”.Economica, N.S., Vol. 4, London, 1937, pp. 386–405. Repr. in: George J. Stigler and Kenneth E. Boulding (Eds.),Readings in Price Theory. Selected by a Committee of the American Economic Association, Homewood, 1953, pp. 331–351.

    Article  Google Scholar 

  • Dunning, John H., “The Determinants of International Production”.Oxford Economic Papers, N.S., Vol. 25, Oxford, 1973, pp. 289–336.

    Google Scholar 

  • - (Ed.),Economic Analysis and the Multinational Enterprise. London, 1974.

  • -, “Trade, Location of Economic Activity and the MNE: A Search for an Eclectic Approach”. In: Bertil Ohlin, Per-Ove Hesselborn, Per Magnus Wijkman (Eds.),The International Allocation of Economic Activity. Proceedings of a Nobel Symposium Held at Stockholm, June 8–11, 1976, London, 1977, pp. 395–418.

  • Giddy, Ian H., “The Demise of the Product Cycle. Model in International Business Theory”.The Columbia Journal of World Business, Vol. 13, New York, 1978, pp. 90–97.

    Google Scholar 

  • —, andAlan M. Rugman,A Model of Trade, Foreign Direct Investment and Licensing. Columbia University, Graduate School of Business, New York, December, 1979, mimeo.

    Google Scholar 

  • Gray, H. Peter,International Trade, Investment, and Payments. Boston, 1979.

  • Grubel, Herbert G., “Internationally Diversified Portfolios: Welfare Gains and Capital Flows”.The American Economic Review, Vol. 58, Evanston, 1968, pp. 1299–1314.

    Google Scholar 

  • -,International Economics. Irwin Series in Economics, Homewood, 1977.

  • Hirsch, Seev, “An International Trade and Investment Theory of the Firm”.Oxford Economic Papers, N.S., Vol. 28, Oxford, 1976, pp. 258–270.

    Google Scholar 

  • Hood, Neil, andStephen Young,The Economics of Multinational Enterprise. London, 1979.

  • Hufbauer, Gary C., “The Multinational Corporation and Direct Investment”. In: Peter B. Kenen (Ed.),International Trade and Finance: Frontiers for Research. Cambridge, 1975, pp. 253–319.

  • Hymer, Stephen H.,The International Operations of National Firms: A Study of Direct Foreign Investment. M.I.T. Monographs in Economics, 14, Cambridge, Mass., 1976.

  • Johnson, Harry G., “The Efficiency and Welfare Implications of the International Corporation”. In: Charles P. Kindleberger (Ed.).The International Corporation. A Symposium, Cambridge, Mass., 1970, pp. 35–56.

  • Kindleberger, Charles P.,American Business Abroad: Six Lectures on Direct Investment. New Haven, 1969.

  • Knickerbocker, Frederick, T.,Oligopolistic Reaction and Multinational Enterprise. Boston, 1973.

  • Kojima, Kiyoshi,Direct Foreign Investment: A Japanese Model of Multinational Business Operations. London, 1978.

  • Lamfalussy, A.,Investment and Growth in Mature Economies: The Case of Belgium. Oxford, 1961.

  • Leff, Nathaniel H., “Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups”.Economic Development and Cultural Change, Vol. 26, Chicago, 1978, pp. 661–675.

    Article  Google Scholar 

  • Lessard, Donald R.,Transfer Prices, Taxes and Financial Markets: Implication of Internal Financial Transfers within the Multinational Firm. M.I.T. Sloan School Working Paper, 919–977, Cambridge, Mass., 1977.

  • Magee, Stephan P., [1977a], “Information and the Multinational Corporation: An Appropriability Theory of Direct Foreign Investment”. In: Jagdish N. Bhagwati (Ed.),The New International Economic Order. The North-South Debate. M.I.T. Bicentennial Studies, 2, Cambridge, Mass., 1977, pp. 317–340.

  • — [1977b], “Multinational Corporations, the Industry Technology Cycle and Development”.Journal of World Trade Law, Vol. 11, Twickenham, 1977, pp. 297–321.

    Google Scholar 

  • McManus, John, “The Theory of the International Firm”. In: Gilles Paquet (Ed.),The Multinational Firm and the Nation State. Toronto, 1972.

  • Negandhi, Anant R. (Ed.),Functioning of the Multinational Corporation: A Global Comparative Study. New York, 1980.

  • Niehans, Jürg, “Benefits of Multinational Firms for a Small Parent Economy: The Case of Switzerland”. In: Tamir Agmon and Charles P. Kindleberger (Eds.),Multinationals from Small Countries. Cambridge, Mass., 1977, pp. 1–39.

  • Robock, Stefan H., Kenneth Simmonds and Jack Zwick,International Business and Multinational Enterprises. Rev. Ed., The Irwin Series in Management and the Behavioral Sciences. Homewood, 1977.

  • Rugman, Alan M., “Motives for Foreign Investment: The Market Imperfections and Risk Diversification Hypotheses”.Journal of World Trade Law, Vol. 9, Twickenham, 1975, pp. 567–573.

    Google Scholar 

  • —, “Risk Reduction by International Diversification”.Journal of International Business Studies, Vol. 7, Newark, 1976, No. 2, pp. 75–80.

    Article  Google Scholar 

  • —, “Risk, Direct Investment and International Diversification”.Weltwirtschaftliches Archiv, Vol. 113, 1977, pp. 487–500.

    Article  Google Scholar 

  • -,International Diversification and the Multinational Enterprise. Lexington, 1979. 379

  • Rugman, Alan M.,Multinationals in Canada: Theory, Performance and Economic Impact. Boston, 1980.

  • Solnik, Bruno H.,European Capital Markets: Towards a General Theory of International Investment. Lexington, 1973.

  • Vernon, Raymond, “International Investment and International Trade in the Product Cycle”.The Quarterly Journal of Economics, Vol. 80, Cambridge, Mass., 1966, pp. 190–207.

    Article  Google Scholar 

  • -,Storm over the Multinationals: The Real Issues. London, 1977.

Download references

Authors
  1. Alan M. Rugman
    View author publications

    You can also search for this author in PubMed Google Scholar

About this article

Cite this article

Rugman, A.M. Internalization as a general theory of foreign direct investment: A re-appraisal of the literature. Weltwirtschaftliches Archiv 116, 365–379 (1980). https://doi.org/10.1007/BF02696864

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02696864

Search

Navigation