The sustainable competitive advantage and catching-up of nations: fdi, clusters and the liability (asset) of smallness

Management International Review

Volumn 49, Issue 1, 2009, Pages 95-120

  Pitelis, Christos N ^a  

^a UNIVERSITY OF CAMBRIDGE   (United Kingdom)

Author keywords

Catching up; Clusters; National competitiveness fdi; Small countries

Indexed keywords

EID: 70449369721     PISSN: 09388249     EISSN: None     Source Type: Journal    
DOI: 10.1007/s11575-008-0127-4     Document Type: Article

References (123)

1. Abramovitz, M., Catching Up, Forging Ahead and Falling Behind, Journal of Economic History, 46, 2, 1986, pp. 385-406.
2. Agmon, T./Messica, A., Venture Capital Funds, Financial Foreign Direct Investment, and the Generation of Local Comparative Advantage in the Technology Sector in Israel, Contributions to Political Economy, 27, 1, 2008 (forthcoming).
3. Aiginger, K., Revisiting an Evasive Concept: Introduction to the Special Issue on Competitiveness, Journal of Industry, Competition and Trade, 6, 2, 2006a, pp. 63-66. (Pubitemid 44488834)
4. Aiginger, K., Competitiveness: From a Dangerous Obsession to a Welfare Creating Ability with Positive Externalities, Journal of Industry, Competition and Trade, 6, 2, 2006b, pp. 161-177. (Pubitemid 44488839)
5. Amsden, A. H., Asia's Next Giant: South Korea and Late Industrialization, Oxford: University Press 1989.
6. Amsden, A. H., Korea: Entrepreneurial Groups and Enterprising Government, in Chandler Jr., A. D./Amatori, F./Hikino, T. (eds.), Big Business and the Wealth of Nations, Cambridge: University Press 1997.
7. Argitis, G./Pitelis, C. N., Global Finance and Capitalist Instability, Contributions to Political Economy, 2008, forthcoming.
8. Armstrong, H./De Kervenoael, R. J./ Li, X./Read, R. A., Comparison of the Economic Performance of Different Micro-states, and between Micro-states and Larger Countries, World Development, 26, 4, 1998, pp. 639-656.
9. Audretsch, D. B., The Market and the State, London: Harvester Wheatsheaf 1989.
10. Augier, M./Teece, D. J., Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions, Management International Review, 47, 2, 2007, pp. 175-192.
11. Baddeley, M., Convergence or Divergence? The Impacts of Globalisation on Growth and Inequality in Less Developed Countries, International Review of Applied Economics, 20, 3, 2006391-410. (Pubitemid 44559791)
12. Bain, J. S., Barriers to New Competition: Their Character and Consequences for Manufacturing Industries, Boston: Harvard University Press 1956.
13. Barney, J. B., Firm Resources and Sustained Competitive Advantage, Journal of Management, 17, 1, 1991, pp. 99-120.
14. Barro, R. J./Sala-i-Martin, X., Economic Growth, 2nd ed., Cambridge: MIT Press 2004.
15. Baumol, W J., Perfect Markets and Easy Virtue, Oxford: Blackwell 1991.
16. Best, M., The New Competition: Institutions for Industrial Restructuring, Boston: Harvard University Press 1990.
17. Boltho, A./Allsopp, C. J., The Assessment: Trade and Trade Policy, Oxford Review of Economic Policy, 3, 1, 1987, pp. i-xix.
18. Bowman, C./Ambrosini, V., Value Creation Versus Value Capture: Towards a Coherent Definition of Value in Strategy, British Journal of Management, 11, 1, 2000, pp. 1-15.
19. Buckley, P. J./Ghauri P. N., Globalisation, Economic Geography and the Strategy of Multinational Enterprise, Journal of International Business Studies, 35, 2, 2004, pp. 33-45.
20. Cantwell, J. A./Iammarino, S., Multinational Corporations and the Location of Technological Innovation in the UK Regions, Regional Studies, 34, 4, 2000317-322. (Pubitemid 30438312)
21. Chandler, A. D., Strategy and Structure: Chapters in the History of the Industrial Enterprise, Cambridge: MIT Press 1962.
22. Chang, H. J., The Political Economy of Industrial Policy, New York: St. Martin's Press 1994.
23. Chang, H. J., Kicking Away the Ladder: Development Strategy in Historical Perspective, London: Anthem Press 2002.
24. Chesier, S./Penrose, J., Top 200 Industrial Strategies of Viet Nam's Largest Firms, United Nations Development Programme, Viet Nam 2007.
25. Chenery, H./Robinson, S./Syrquin, M., Industrialization and Growth, a Comparative Study, Oxford: University Press 1986.
26. Coase R. H., The Nature of the Firm, Economica, 4, 1, 1937, pp. 386-405.
27. de la Mothe, J./Paquet, G. (eds.), Evolutionary Economics and the New International Political Economy, London: Pinter 1997.
28. Deraniyagala, S./Fine, B., New Trade Theory versus Old Trade Policy: A Continuing Enigma, Cambridge Journal of Economics, 25, 6, 2001, pp. 809-825.
29. Dobb, M., Theories of Value and Distribution since Adam Smith: Ideology and Economic Theory, Cambridge: Cambridge University Press 1973.
30. Dooley, P. C., Value, in Creedy, J. (ed.), Foundations of Economic Thought, Oxford: Basil Blackwell 1990, pp. 124-158.
31. Dunning, J. H., Internationalising Porter's Diamond, Management International Review 33, 2, 1993, pp. 7-15.
32. Dunning, J. H., Location and the Multinational Enterprise: A Neglected Factor? Journal of International Business Studies, 29, 1, 199845-66. (Pubitemid 128058342)
33. Dunning, J. H., Towards a New Paradigm of Development: Implications for the Determinants of International Business Activity, Transnational Corporations, 15, 1, 2006, pp. 173-228.
34. Dunning J. H./Pitelis, N. C., Stephen Hymer's Contribution to International Business Scholarship: An Assessment and Extension, Journal of International Business Studies, 39, 1, 2008, pp. 167-176.
35. Easterly, W./Kraay, A., Small States, Small Problems? Income, Growth, and Volatility in Small States, World Development, 28, 11, 2000, pp. 2013-2027.
36. Edquist, C., Systems of Innovation: Perspectives and Challenges, in Fagerberg, J./Mowery, D. C./ Nelson, R. R. (eds.), The Oxford Handbook of Innovation, Oxford: University Press 2005, pp. 181-208.
37. Food and Agriculture Organization, Crop Prospects and Food Situation, No.1, 2008 ftp://ftp.fao.org/docrep/fao/010/ah88 le/ah881e00.pdf.
38. Fagerberg, J./Srholec, M., Catching up: What are the Critical Factors for Success?, Industrial Development Report, UNIDO 2005.
39. Fagerberg, J./Verspagen, B., Technology-gaps, Innovation-Diffusion and Transformation: An Evolutionary Interpretation, Research Policy, 31, 8/9, 2002, pp. 1291-1304.
40. Fagerberg, J./Godinho, M. M., Innovation and Catching-up, in Fagerberg, J./Mowery, D. C./Nelson, R. R. (eds.), The Oxford Handbook of Innovation, Oxford: University Press 2005
41. Fagerberg, J./Mowery, D./Nelson, R. R. (eds.), The Oxford Handbook of Innovation, Oxford: University Press 2005.
42. Feenstra, R. C., Trade and Uneven Growth, Journal of Development Economics, 49, 1, 1996, pp. 229-256.
43. Fine, B., Endogenous Growth Theory: A Critical Assessment, Cambridge Journal of Economics, 24, 2, 2000, pp. 245-265.
44. Freeman, C., The "National System of Innovation" in Historical Perspective, Cambridge Journal of Economics, 19, 1, 1995, pp. 5-24.
45. Grabowski, R., The Successful Developmental State: Where Does it Come From?, World Development, 22, 3, 1994, pp. 413-422.
46. Grant, R., Contemporary Strategy Analysis, Oxford: Blackwell Publishing 2005.
47. Greenaway, D./Nam, C. H., Industrialisation and Macroeconomic Performance in Developing Countries under Alternative Trade Strategies, Kyklos, 41, 3, 1988, pp. 419-435.
48. Henderson, J. V., New Economic Geography, Northampton: Elgar Publishing 2005.
49. Hill, C., International Business, 6th ed., Boston: McGraw-Hill 2006.
50. International Monetary Fund, World Economic Outlook. Globalization and External Imbalances, Washington D.C.: IMF 2005.
51. Jackson, G./Deeg, R., How Many Varieties of Capitalism? Comparing the Comparative Institutional Analyses of Capitalist Diversity, MPIfG Discussion Paper No. 06/2, 2006.
52. Jomo, K. S. et al., Southeast Asia's Misunderstood Miracle: Industrial Policy and Economic Development in Thailand, Malaysia and Indonesia, Oxford: Westview Press 1997.
53. Kaldor, N., The Irrelevance of Equilibrium Economics, Economic Journal, 82, 328, 1972, pp. 1237-1255.
54. Keynes, J. M., The General Theory of Employment, Interest and Money, London: Macmillan 1936.
55. Kottaridi C. et al., The Multinational Corporation and the Global Sourcing of Knowledge: Remodeling Absorptive Capacity, Third Annual JIBS/AIB/CIBER/ERIM Invitational Conference on Emerging Research Frontiers, Erasmus University, Rotterdam, September 2006.
56. Kottaridi, C./Papanastassiou, M./ Pitelis, C. N., 'Productive Opportunity', MNE Subsidiaries and Internationalization of R&D.2008, submitted to an IM Journal.
57. Krueger, A., The Political Economy of the Rent-Seeking Society, American Economic Review, 64, 3, 1974, pp. 291-303.
58. Krugman, P. R., Strategic Trade Policy and the New International Economies, Cambridge: MIT Press 1986.
59. Krugman, P. R., Is Free Trade Passe?, Journal of Economic Perspective, 1, 2, 1987 pp.131-44.
60. Krugman, P. R., Economie Integration in Europe: Some Conceptual Issues, in Sapir, A. (ed.), The European Internal Market, Oxford: University Press 1989.
61. Krugman, P. R., Geography and Trade, Cambridge: MIT Press 1991a.
62. Krugman, P. R., Increasing Returns and Economic Geography, Journal of Political Economy, 99, 3, 1991b, pp. 483-499.
63. Krugman, P. R., Does the New Trade Theory Require a New Trade Policy?, The World Economy, 15, 4, 1992, pp. 423-442.
64. Krugman, P., Competitiveness a Dangerous Obsession, Foreign Affairs, 73, 2, 1994, pp. 28-44.
65. Lall, S., Technological Change and Industrialization in the Asian Newly Industrialising Economies: Achievements and Challenges, in Kim, L./Nelson R. (eds.), Technology, Learning and Innovation: Experiences of Newly Industrialising Economies, Cambridge: University Press 2000.
66. Lin, J. Y., Reform and Development in China: A New Institutional Economics Perspective, Seoul Journal of Economics, 17, 3, 2004, pp. 335-381.
67. Lucas, R. E., On the Mechanics of Economic Development, Journal of Monetary Economics, 22, 1, 1988, pp. 3-42.
68. Lundvall, B. A., innovation as an Interactive Process from User-producer Interaction to the National System of Innovation, in Dosi, G., et al. (eds.), Technical Change and Economic Theory, London: Pinter 1988.
69. Lundvall, B. A., National Innovations Systems: Analytical Concept and Development Tool, Industry- and Innovation, 14, 1, 2007, pp. 95-119.
70. Marshall, A., Principles of Economics, 9th ed., London: Macmillan 1920.
71. Martin, R., Critical Survey. The New "Geographical Turn" in Economics: Some Critical Reflections, Cambridge Journal of Economics, 23, 1, 1999, pp. 65-91. (Pubitemid 29198966)
72. Martin, R./Sunlay, P., Deconstructing Clusters: Chaotic Concept Or Policy Panacea?, Journal of Economic Geography, 3, 1, 2003, pp. 5-35.
73. Metcalfe, J. S., On the Optimality of the Competitive Process: Kimura's Theorem and Market Dynamics, Journal ofBioeconomics, 4, 2, 2002, pp. 109-133.
74. Milner, C./Westaway, T., Country Size and the Medium-Term Growth Process: Some Cross-Country Evidence, World Development, 21, 2, 1993, pp. 203-221.
75. Monteiro, L. F./Arvidsson, N./Birkinshaw, J., Knowledge Flows within Multinational Corporations: Explaining Subsidiary Isolation and its Performance Implications, Organkation Science, 19, 1, 2008, pp. 90-107.
76. Nelson, R. R., Coevolution of Industry Structure, Technology and Supporting Institutions, and the Making of Comparative Advantage, International Journal of the Economics of the Business, 2, 2, 1995, pp. 171-184
77. Nelson, R. R., Winter, S. G., Evolutionary Theorizing in Economics, Journal of Economic Perspectives, 16, 2, 2002, pp. 23-46.
78. Nolan, P., China and the Global Economy, London: Palgrave 2001.
79. Nolan, P./Zhang, J./Liu, C., The Global Business Revolution, the Cascade Effect, and the Challenges for Firms from Developing Countries, Cambridge Journal of Economics, 32, 1, 2008, pp. 29-47.
80. North, D. C., Economic Performance Through Time, American Economic Review, 84, 3, 1994, pp. 359-368.
81. Penrose, E., The Theory of the Growth of the Firm, Oxford: Basil Blackwell 1959.
82. Peteraf, M., The Cornerstone of Competitive Advantage, Strategic Management Journal, 14, 3, 1993, pp. 179-191.
83. Pitelis, C. N., Industrial Strategy: For Britain, in Europe and the World, Journal of Economic Studies, 21, 5, 1994, pp. 2-92.
84. Pitelis, C. N., Economic Integration through Foreign Direct Investment in (the Less Favoured Countries of) Central and Eastern Europe and Impact on the (Less Favoured Countries of the) European Union, ACE Project No 94-0719-R, 1997.
85. Pitelis, C. N., Industrial Strategy, in Warner, M.. (ed.), International Encyclopedia of Business and Management, Routledge: ITBP 2001.
86. Pitelis, C. N.,(Corporate) Governance, (Shareholder) Value and (Sustainable) Economic Performance, Corporate Governance: An International Review, 12, 2, 2004, pp. 210-223.
87. Pitelis, C. N., Value Capture from Organizational Advantages and Sustainable Value Creation, Organization Studies, 2006, resubmission.
88. Pitelis, C. N., European Industrial and Competition Policy, Policy Studies, 28, 4, 2007, pp. 365-381.
89. Pitelis, C. N./Sugden, R./Wilson J. (eds.), Clusters and Globalisation: The Development of Urban and Regional Economies, Cheltenham: Edward Elgar 2006.
90. Pitelis, C. N./Taylor, S., From Generic Strategies to Value for Money in Hypercompetitive Environments, Journal of General Management, 21, 4, 1999, pp. 45-61.
91. Porter, M. E., Competitive Strategy: Techniques for Analyzing Industries and Competitors, New York: The Free Press 1980.
92. Porter, M. E., Competitive Advantage: Creating and Sustaining Superior Performance, New York: The Free Press 1985.
93. Porter, M. E., The Competitive Advantage of Nations, Basingstoke: Macmillan 1990.
94. Research Policy, Special Issue Commemorating the 20th Anniversary of David Teece's Article, 'Profitingfrom Innovation ', Chesbrough, H./Birkinshaw, J./Teubal, M. (eds.), Research Policy, 35, 8, 2006.
95. Ricardo, D., The Principles of Political Economy and Taxation, London: John Murray 1817, Reprinted, Dent, Dutton, 1973.
96. Robbins, L., An Essay on The Nature and Significance of Economic Science, London: Macmillan 1935.
97. Rodrik, D., Growth Strategies, Working Paper, Kennedy School of Government, Harvard University 2004.
98. Rodrik, D./Subramanian, A., Why Did Financial Globalization Disappoint?, http://ksghome.harvard.edu/-drodrik/Why-Did-FG-Disappoint-March-24-2008.pdf, 2008.
99. Romer, P. M., Increasing Returns and Long-run Growth, Journal of Political Economy, 94, 5, 1986, pp. 1002-1037.
100. Romer, P. M., Endogenous Technological Change, Journal of Political Economy, 98, 5, 1990, pp. 71-101.
101. Rugman, A. M./Verbeke A., Foreign Subsidiaries and Multinational Strategic Management: An Extension and Correction of Porter's Single Diamond Framework, Management International Review, 33, 2, 1993, pp. 71-84.
102. Samuelson, P. A., The Gains from International Trade Once Again, Economic Journal, 72, 288, 1962, pp. 820-829.
103. Schumpeter, J., Capitalism, Socialism and Democracy, 25th ed., New York: Harper & Row 1942, London: Unwin Hyman 1987.
104. Shapiro, H./Taylor, L., The State and Industrial Strategy, World Development, 18, 6, 1990, pp. 861-878
105. Smith, A., An Enquiry into the Nature and Causes of the Wealth of Nations, London: Strahan & Cadell 1776, in Campbell R. H./Skinner A. S. (eds.), Oxford: University Press 1976.
106. Solow, M. R., A Contribution to the Theory of Economic Growth, Quarterly Journal of Economics, 70, 1, 1956, pp. 65-94.
107. Solow, M. R., Learning from 'LEARNING BY DOING': Lessons for Economic Growth, Stanford: Stanford University Press 1997.
108. Solow, M. R., Growth Theory: An Exposition, Oxford: University Press 2000.
109. Srinivasan, T. N., Bonded Labour Contracts and Incentives to Adopt Yield-Raising Innovations in Semi-Feudal Agriculture, Indian Economic Review, 15, 1980, pp. 165-169.
110. Stiglitz, J., Markets, Market Failures and Development, American Economic Review, 79, 2, 1989, pp. 197-203.
111. Stiglitz, J., The Private Uses of Public Interests: Incentives and Institutions, Journal of Economic Perspectives, 12, 2, 1998, pp. 3-22.
112. Stiglitz, J., Foreword in Polanyi, K. (ed.) The Great Transformation, The Political and Economic Origins of Our Time, Boston: Beacon Press 2001.
113. Stiglitz, J., Financial Hypocrisy, The Economists ' Voice, 4, 6, 2007, pp. 1-3.
114. Tavares, J., Growth in the Small Peripheries: Discussion and an Empirical Exploration, Presentation at the Conference on the Outermost Regions of the European Union, organized by the Regional Government of the Azores at the Comité des Regions in Brussels, December 2006.
115. Teece, D. J., Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy, Research Policy. 15, 6, 1986, pp. 285-305.
116. Tirole, J., The Theory of Industrial Organization, Cambridge: MIT Press 1988.
117. Venables, A. J, Gainers and Losers from Regional Integration Agreements, Economic Journal, 113, 490, 2003, pp. 747-761.
118. Vernon, R., International Investment and International Trade in the Product Cycle, The Quarterly Journal of Economics, 80, 2, 1966, pp. 190-207.
119. Verspagen, B., Innovation and Economic Growth, in Fagerberg, J./Mowery, D. C./Nelson, R. R. (eds.), The Oxford Handbook of Innovation, Oxford: University Press 2005.
120. Wade, R., Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization, Princeton: University Press 1990.
121. Wernerfelt, B., The Resource-based View of the Firm, Strategic Management Journal, 5, 2, 1984, pp. 171-180.
122. Wignarajah, G. (ed.), Competitiveness Strategy and Industrial Performance in Developing Countries: A Manual Policy Analysis, Oxford: Routledge 2003.
123. Young, A., Increasing Returns and Economic Progress, Economics Journal, 38, 152, 1928, pp. 527-542.