Photo by Mikhail Nilov on Pexels.com In a world that is moving faster and faster thanks to global digitalisation, companies have an easier internationalisation process and can benefit from it economically. Today there are different types of strategies that can be applied to reach an optimal internationalization, for this reason, below we will explain more … Continue reading Why do companies internationalize?
Internationalization theory and practice
In this lecture, several theories for trade and other international activities are discussed. Absolute cost advantage, by Adam Smith in 1776, is the idea of operating internationally based on an advantage, where the same amount of resources lead to greater production of a good or service than another one. Comparative advantage, an idea by Ricardo … Continue reading Internationalization theory and practice
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