Despite their common roots, international economics (IE) and
international business (IB) have developed into two distinct fields
of study. Economists have directed their efforts at formalizing the
workings of international trade and investment at the macroeconomic
level; business scholars have relied more on data-driven conceptual
narratives than mathematical tools. But the recent focus of IE
literature on firm heterogeneity suggests that IE would benefit
from IB analyses of the behavior and organization of the
internationalizing firm. The contributions to this volume
investigate ways that insights from IB can enrich IE research in
firm heterogeneity.The contributors discuss firm-specific
advantages in international trade and investment, considering the
firm as the unit of analysis and managerial inputs as a variable in
market entry decisions; analyze interactions between a firm and its
external environment, including local corporate philanthropy and
institutional settings; examine the boundaries of the firm and
organizational choices such as the make-or-buy decision; and
investigate technology transfer and innovation offshoring,
discussing the role of subsidiaries, inventor employment, and other
related topics. Although IE and IB look at international firms from
different perspectives, these contributions make it clear that
there is a potential for a productive exchange of insights and
information between the two disciplines.ContributorsLaura
Abramovsky, Carlo Altomonte, Sjoerd Beugelsdijk, Bruce Blonigen,
Pamela Bombarda, Steven Brakman, Julia Darby, Rodolphe Desbordes,
Filippo Di Mauro, Maria Garcia-Vega, Harry Garretsen, Elena Huergo,
Florian Mayneris, Quyen T. K. Nguyen, Verena Nowak, Cheyney
O'Fallon, Gianmarco Ottaviano, Michael Pfluger, Filomena
Pietrovito, Sandra Poncet, Alberto Franco Pozzolo, Alan M. Rugman,
Armando Rungi, Stephan Russek, Davide Sala, Luca Salvatici,
Christian Schwarz, Roger Smeets, Jens Suedekum, Hans van Ees,
Vincent Vicard, Ian Wooton, Erdal Yalcin"
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