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By George Chryssochoidis, J. Clegg

This quantity, released in organization with the united kingdom bankruptcy of the Academy of foreign enterprise , back includes a variety of contributions from top lecturers. The publication seems on the environmental impacts on internationalisation and considers the strategic innovations on hand to enterprises.

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In East Asia, as noted above, regional integration has played less of a role in promoting FD!. Much of the recent economic success of the region has been fuelled by inward investment, and the ASEAN governments are keen to prolong the inward ftows of foreign capital. The success of their liberalisation policies is likely to promote yet more liberalisation in the region, and also to set a trend for other developing countries to follow. The emergence of China (and India) as major investment locations will certainly add to the inward ftows of foreign investment in the region.

1 8 A timetable was specified in the Treaty of Rome for the abolition of customs duties on intra-EEC trade, and for the establishment of a common external tariff for imports from third countries. 19 The harmonisation of external tariffs was subsequently speeded up and the customs union was realised eighteen months ahead of schedule in 1968. Notwithstanding the early achievement of customs union and the subsequent enlargement of the Community,20 concern had been growing about the less than impressive economic performance of the Community through the 1970s and early 1980s.

Research must also have something to say about how firms actually compete in international markets, in particular about internationalisation methods. The study of international business must contribute to an understanding of the choices that confront firms. These are many, not least because of the great variety of internal and external factors bearing on firms. As is represen ted in this volume, ablend of theory, empirical work and the study of policy is essential to meet the challenges of as dynamic an area as international business research.

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