Theories of international trade, foreign direct investment and firm internationalization: a critique (original) (raw)

This article critiques existing theories of international trade, foreign direct investment (FDI), and firm internationalization by examining their contributions and identifying gaps and controversies in the current literature. It highlights the diverse range of theories emerging from international economics, finance, and business, discussing their relevance at both macro and micro levels of analysis. The paper also emphasizes the growing importance of globalization in shaping firm strategies and the need for contemporary research to address the evolving patterns of international business.