Internalisation thinking: From the multinational enterprise to the global factory

Internalisation thinking is traced from its inception by Coase through its application to multinational enterprises and to the global factory. The general principles governing the internalisation of markets are revisited and the focus on innovation, the dynamics of internalisation and its application to newer structures of firms such as the global factory are emphasised. (C) 2009 Elsevier Ltd. All rights reserved.