The Global Factory


The Global Factory

Networked Multinational Enterprises in the Modern Global Economy

9781786431325 Edward Elgar Publishing
Peter J. Buckley, OBE, FBA, Professor of International Business, Centre for International Business, University of Leeds (CIBUL), UK
Publication Date: 2018 ISBN: 978 1 78643 132 5 Extent: 320 pp
This key new book synthesises Peter Buckley''s work on ‘the global factory’ – the modern networked multinational enterprise. The role of interfirm networks, entrepreneurship and cooperation in the creation and management of global factories leads to a discussion of their governance, internal knowledge transfer strategies and performance, including their role in potentially combating societal failures. Emerging country multinationals are examined as a special case of global factories with a focus on Indian and Chinese multinationals, their involvement in tax havens and offshore financial centres, the performance and processes of their acquisition strategies – all seen as key aspects of globalisation.

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This book brings together the key works on the global factory – a unique approach to the modern global economy that focuses on the orchestrating role of key multinational firms that control an integrated international network of independent firms. This analysis is conducted at global system level, at the level of global value chains and for individual firms. These three levels represent consistent, nested approaches to the analysis of pressing issues of the modern international economy.

The Global Factory examines the internalisation theory of the multinational enterprise as it applies to global interfirm networks, and pays particular attention to multinational firms from emerging countries. It examines the governance and performance of global factories, their internationalisation and knowledge management strategies and the potential for multinational firms to address societal failures. The role of technology, the use of tax havens by Chinese multinationals and the division of entrepreneurial labour between global factories and smaller local firms are all explored as fascinating aspects of the overarching theory.

This is an essential point of reference on Buckley’s work on the global factory for academics and students of business, as well as managers of multinational firms and public policy makers.
Critical Acclaim
‘A terrific compilation of Buckley’s latest contributions to cutting-edge topics in international business. A must read for academics working on globalization and the multinational firm. Just as important, Buckley’s never-ending supply of high-quality research is an inspiration to international business scholars everywhere.’
– Ravi Ramamurti, Northeastern University, US

‘Buckley at his best! Peter and his colleagues examine modern global alliance forms, and the associated benefits and risks of these forms. Internalisation theory in conjunction with other perspectives of entrepreneurship, history, geography etc. continues to have a principal role in the author''s understanding of modern international networked forms. But above all Buckley analyses the major part that global factory plays in the governance and orchestration of alliances, including those of emerging market economies. Clearly a book that should be in the library of every international business researcher, practitioner and student. Buckley is undoubtedly one of the best *international* business scholars, and this work is an excellent manifestation of how the discipline will never “run out of steam”.’
– Pavlos Dimitratos, University of Glasgow, UK and Academy of International Business

Contributors: U. Andersson, J.J. Boddewyn, P.J. Buckley, M. Chapman, J. Clegg, A. Cross, C. De Mattos, H. Dellestrand, A. El-Gohari, S. Elia, P. Enderwick, N. Forsans, H. Gajewska-De Mattos, N. Hashai, M. Kafouros, S. Munjal, S. Prashantham, R. Strange, D. Sutherland, H. Voss


Foreword Paul W. Beamish

Introduction Peter J. Buckley

1. Peter J. Buckley (2014), ’The Applied Economics of (International) Business: A Personal Perspective’, International Journal of the Economics of Business, 21 (1), 3–6

2. Peter J. Buckley (2014), ’Forty Years of Internalisation Theory and the Multinational Enterprise’, Multinational Business Review, Special Issue: Advances in IB Theory, 22 (3), 227–45

3. Peter J. Buckley and Shameen Prashantham (2016), ‘Global Interfirm Networks: The Division of Entrepreneurial Labor between MNEs and SMEs’, Academy of Management Perspectives: Symposium, 30 (1), February, 40–58

4. Peter J. Buckley and Jean J. Boddewyn (2015), ‘The Internalization of Societal Failures by Multinational Enterprises’, Multinational Business Review, 23 (3), 170–87

5. Peter J. Buckley, Adam Cross and Claudio De Mattos (2015), ‘The Principle of Congruity in the Analysis of International Business Cooperation’, International Business Review, 24 (6), December, 1048–60

6. Peter J. Buckley (2014), ‘Adam Smith’s Theory of Knowledge and International Business Theory and Practice’, Journal of International Business Studies, 45 (1), January, 102–9

7. Peter J. Buckley (2016), ‘Historical Research Approaches to the Analysis of Internationalisation’, Management International Review, Focused Issue: About Time: Putting Process Back into Firm Internationalization Research, 56 (6), December, 879–900

8. Peter J. Buckley, Malcolm Chapman, Jeremy Clegg and Hanna Gajewska-De Mattos (2014), ‘A Linguistic and Philosophical Analysis of Emic and Etic and their Use in International Business Research’, Management International Review, 54 (3), June, 307–24

9. Niron Hashai and Peter J. Buckley (2014), ‘Is Competitive Advantage a Necessary Condition for the Emergence of the Multinational Enterprise?’, Global Strategy Journal, 4 (1), February, 35–48

10. Peter J. Buckley and Niron Hashai (2014), ‘The Role of Technological Catch Up and Domestic Market Growth in the Genesis of Emerging Country Based Multinationals’, Research Policy, 43 (2), March, 423–37

11. Peter J. Buckley, Dylan Sutherland, Hinrich Voss and Ahmad El-Gohari (2015), ‘The Economic Geography of Offshore Incorporation in Tax Havens and Offshore Financial Centres: The Case of Chinese MNEs’, Journal of Economic Geography, 15 (1), January, 103–28

12. Peter J. Buckley, Stefano Elia and Mario Kafouros (2014), ‘Acquisitions by Emerging Market Multinationals: Implications for Firm Performance’, Journal of World Business, 49 (4), October, 611–32

13. Peter J. Buckley, Surender Munjal, Peter Enderwick and Nicolas Forsans (2016), ‘Do Foreign Resources Assist or Impede Internationalisation? Evidence from Internationalisation of Indian Multinational Enterprises’, International Business Review, 25 (1A), February, 130–40

14. Peter J. Buckley, Surender Munjal, Peter Enderwick and Nicolas Forsans (2016), ‘Cross-Border Acquisitions by Indian Multinationals: Asset Exploitation or Asset Augmentation?’, International Business Review, 25 (4), August, 986–96

15. Peter J. Buckley and Roger Strange (2015), ‘The Governance of the Global Factory: Location and Control of World Economic Activity’, Academy of Management Perspectives, 29 (2), May, 237–49

16. Ulf Andersson, Peter J. Buckley and Henrik Dellestrand (2015), ‘In the Right Place at the Right Time!: The Influence of Knowledge Governance Tools on Knowledge Transfer and Utilization in MNEs’, Global Strategy Journal, 5 (1), February, 27–47

17. Niron Hashai, Mario Kafouros and Peter J. Buckley (2015), ‘The Performance Implications of Speed, Regularity, and Duration in Alliance Portfolio Expansion’, Journal of Management, 1–25

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