Abstract
International business has to do with trade and direct investment across borders. Research in this area has been undertaken from economic, managerial, and sociopolitical perspectives. Globalization has introduced a new dynamic into the field, as has the rise of the emerging economies and of the emerging market multinationals.
Keywords
Emerging economies; Foreign direct investment; Foreign portfolio investment; Globalization; Horizontal expansion; Institutional theory; International business; Multinational corporations; Trade; Transaction costs; Vertical expansion