International Business in a Time of a Crisis: A New Paradigm for Research in the Economics of International Business

This brief article follows Buckley and Ghauri in the basic premise that research in the economics of international business depends on defining a “big question” and applying an economic model to gain insights into possible answers to the question. The current global financial and economic crisis is such a “big question”. The current financial and economic crisis is a global phenomenon in its roots, its expressions, and in its potential resolution. Therefore, it is a uniquely appropriate topic for research in the economics of international business.