RETROSPECTIVE ANALYSIS OF THE STUDY OF SCIENCE AND THEORIES OF INTERNATIONAL BUSINESS
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Abstract
The purpose of the paper is to carry out a historical analysis of scientific approaches to the study of the evolution of the phenomenon and category of international business, its formation as an independent scientific discipline and the development of theories of international business. Methodology. The research uses the historical-genetic method and critical-historical analysis of scientific discourse to analyze the causes and motives of international business, its development as a phenomenon of international economic relations and a scientific discipline from its inception to the present day, the evolution of theories of international business; methods of analysis and synthesis to determine the prospects for the development of approaches to the science and theories of international business. Results of the survey shows that over 70 years, the science of international business and its theories have transformed from a narrow section of economics into a holistic interdisciplinary system of knowledge. The key vectors of development become a level shift, methodological renewal, and interdisciplinary synthesis. Practical implications. A retrospective analysis of the study of international business, periodization and theories allows us to formulate its modern motives and the subject of study as a science. Nowadays, new theoretical and methodological approaches to the internationalization of enterprises have been spreading – the theory of international new enterprises, based on the principles of the theory of the multinational firm and the network theory of MNCs. Ultimately, actual theory of international business expresses a complex combination of traditional and new theories, schools and concepts of research into various areas and industries of multinational enterprises, their relationships with the national, regional and global business environment. The current IB paradigm responds to global challenges. Value / originality. The article assesses the complexity of this phenomenon and process in international economic relations based on the analysis of the development of science and theories of international business. The analysis allows us to understand the peculiarities of the formation of global economy and global environment, where modern TNCs/MNCs of various origins are functioning.
How to Cite
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international business, evolution, theory, internationalization, internalization, transnational company, multinational enterprise
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