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753 result(s) for "Dunning, John"
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Location and the Multinational Enterprise: John Dunning's Thoughts on Receiving the \Journal of International Business Studies\ 2008 Decade Award
A retrospective by John H. Dunning on location and the MNE, written in the form of responses to questions posed by Rajneesh Narula in an interview recorded at the University of Reading which was shown at the JIBS Decade Award session at the AIB annual meetings in Milan, June 2008.
Location and the Multinational Enterprise: A Neglected Factor?
This article first traces the changing world economic scenario for international business over the past two decades, and then goes on to examine its implications for the location of foreign direct investment and multinational enterprise activity. It suggests that many of the explanations of the 1970s and early 1980s need to be modified as firm-specific assets have become mobile across natural boundaries. A final section of the article examines the dynamic interface between the value-added activities of multinational enterprises in different locations.
An evolutionary approach to understanding international business activity: The co-evolution of MNEs and the institutional environment
This paper examines the co-evolution of MNE activities and institutions external and internal to the firm. We develop a theoretical framework for this analysis that draws on the more recent writings of Douglass North on institutions as a response to complex forms of uncertainty associated with the rise in global economic interconnectedness, and of Richard Nelson on the co-evolution of technology and institutions. We link historical changes in the character of MNE activities to changes in the institutional environment, and highlight the scope for firm-level creativity and institutional entrepreneurship that may lead to co-evolution with the environment. We argue that the main drivers for institutional entrepreneurship are now found in the increasing autonomy of MNE subsidiaries. Thus MNE agency derives from more decentralized forms of experimentation in international corporate networks, which competencecreating nodes of new initiatives can co-evolve with local institutions. Unlike most other streams of related literature, our approach connects patterns of institutional change in wider business systems with more micro processes of variety generation and experimentation within and across individual firms. This form of co-evolutionary analysis is increasingly important to understanding the interrelationships between MNE activities and public policy.
Global nutrient transport in a world of giants
The past was a world of giants, with abundant whales in the sea and large animals roaming the land. However, that world came to an end following massive late-Quaternarymegafauna extinctions on land and widespread population reductions in great whale populations over the past few centuries. These losses are likely to have had important consequences for broad-scale nutrient cycling, because recent literature suggests that large animals disproportionately drive nutrient movement. We estimate that the capacity of animals to move nutrients away from concentration patches has decreased to about 8% of the preextinction value on land and about 5%of historic values in oceans. For phosphorus (P), a key nutrient, upward movement in the ocean by marine mammals is about 23% of its former capacity (previously about 340 million kg of P per year). Movements by seabirds and anadromous fish provide important transfer of nutrients from the sea to land, totalling ∼150 million kg of P per year globally in the past, a transfer that has declined to less than 4% of this value as a result of the decimation of seabird colonies and anadromous fish populations. We propose that in the past, marine mammals, seabirds, anadromous fish, and terrestrial animals likely formed an interlinked system recycling nutrients from the ocean depths to the continental interiors, with marine mammals moving nutrients from the deep sea to surface waters, seabirds and anadromous fish moving nutrients from the ocean to land, and large animals moving nutrients away from hotspots into the continental interior.
Institutions and the OLI paradigm of the multinational enterprise
The prevailing ownership-based theories of the firm are increasingly being challenged by new forms of organising, as exemplified by the Asian network multinational enterprise (MNE). We believe that an institutional approach, that tries to bridge both the macro and micro levels of analysis, and that encompasses both formal and informal institutions, offers a promising way to advance our understanding of the different forms of the contemporary MNE. This paper introduces a theoretical framework that draws substantially on the work of Douglass North, and examines how an institutional dimension can be incorporated into the three components of the OLI paradigm.
Making globalization good : the moral challenges of global capitalism
Many of us have a sense of unease about current trends in global capitalism (GC) and global society. Inequalities and conflict seem endemic; much‐vaunted technological innovations seem unable to deliver structural change and development in many parts of the world; and ideological conflicts may be more intense than during the cold war. The central point of debate in this book is to identify and evaluate the moral challenges of what contributors refer to as ’responsible global capitalism (RGC)’. How can we develop a global economic architecture that is economically efficient, morally acceptable, geographically inclusive, and sustainable over time? If global capitalism––arguably the most efficient wealth‐creation system currently known to man––is to be both economically viable and socially acceptable, each of its four constituent institutions (markets, governments, supra‐national agencies and civil society) must not only be technically and administratively competent but also be buttressed and challenged by a strong ethical ethos. In this book, leading thinkers in international business and ethics (including academics, politicians and moralists) identify the pressing economic and moral issues that global capitalism must answer. Recognizing that solutions will not come from any one quarter, and that any serious discussion of a just and equitable system must embrace questions of ethics and faith, the book approaches the issues from a range of different disciplines and forums. It is arranged in three parts. Part I (5 chapters) presents the analytical framework underlying the volume's main themes. Part II (5 chapters) concentrates on the challenges, opportunities, and dilemmas posed by global capitalism. Part III (6 chapters) considers how the global society might better organize itself, and its constituent institutions to respond to the challenges of global capitalism in a way that helps embrace an agreed set of core values, while accepting the need for a degree of cultural diversity and tolerance in respect of the interpretation of these and the identification and practice of non‐core values.