Globalization, Development, and History in the Work of Edith Penrose
Bibliographic Data
| ID | 9628675 |
|---|---|
| Authors | Christos Pitelis (0000-0001-9033-6357, Brunel University of London, corresponding author), Christos N Pitelis |
| Year | 2011 |
| Volume | 85 |
| Issue | 1 |
| Pages | 65-84 |
| Publication date | 2011-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Business History Review (JOURNAL) |
| Journal identifiers | ISSN: 0007-6805 • E-ISSN: 2044-768X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0007680511000031 |
| OpenAlex | W2165599350 |
| Language | EN |
| Citations received | 4 |
| References cited | 44 |
Edith Penrose's work on the multinational enterprise and the political economy of globalization and development is assessed as it relates to her views on business history. This essay was written on the occasion of the fiftieth anniversary of Penrose's classic 1959 book and her 1960 prize-winning paper on Hercules Powder, which was published in the Review . Penrose came close to providing a theory of “internalization,” compared foreign direct investment to market-type contracting relations, and even discussed transaction costs–related arguments. However, she largely accepted the existence of fi rms and did not examine why firms exist vis-à-vis alternatives, such as markets. Her views on the political economy of globalization, relations between multinational enterprise and the state, and development have proved to be incisive, mostly accurate, and ahead of their time
Business history · Coase theorem · Economics · Economy · Foreign direct investment · Globalization · Leverage (statistics · Management · Market economy · Multinational corporation · Neoclassical economics · Political economy · Political science · Politics · Transaction cost · Economic Theory and Policy · Finance · Labor Movements and Unions · Law · Political Economy and Marxism
Governing the Commons
The Maturing of Multinational Enterprise
The Future of the Multinational Enterprise
Rethinking International Trade
Image
Understanding the Process of Economic Change
Multinational Firms and the Theory of International Trade
Towards an economic theory of the multiproduct firm
Transaction Cost Economics
The Colonial Origins of Comparative Development
The Growth of the Firm
Profit Sharing between Producing Countries and Oil Companies in the Middle East
The Nature of the Firm
Technology Transfer by Multinational Firms
Profit Sharing Between Producing Countries and Oil Companies in the Middle East
Foreign Investment and the Growth of the Firm
Profit-Sharing in Middle East Oil--Rejoinder
Chandler and Global Business History
The Growth of the Firm—A Case Study
Hercules and Penrose
Business history and international business
Organizational Capabilities and the Economic History of the Industrial Enterprise
| Unique citing works | 4 |
|---|---|
| Citations per year | 0.31 |
| Citation span | 2013 - 2025 (13) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 4 |