Internationalisation of Asian Business

A review of the literature on the conceptual underpinnings for the development of international business is presented. Two key theoretical approaches emerge as useful frameworks for analysis: internationalization as a sequence of events, characteristically started by exporting and culminating in for...

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Bibliographic Details
Main Authors: SIKORSKY, Douglas, MENKHOFF, Thomas
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2000
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/1351
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Institution: Singapore Management University
Language: English
Description
Summary:A review of the literature on the conceptual underpinnings for the development of international business is presented. Two key theoretical approaches emerge as useful frameworks for analysis: internationalization as a sequence of events, characteristically started by exporting and culminating in foreign direct investment; and the importance of relationships in international business (networks). These 2 ideas have strong explanatory power in the case of Asian international business. International business as a sequence of logical steps is especially manifested in the flying geese pattern in Asia. Networks are also an Asian strength, notably for state-owned enterprises in Singapore.