MARK CASSON Professor of Economics, Centre for International Business History, University of Reading, UK JOHN D. DANIELS Samuel N. Friedland Chair of Executive Management, University of Miami, USA JOHN DUNNING Emeritus Professor of International Business, University of Reading, UK, and State of New Jersey Emeritus Professor of International Business, Rutgers University, USA WITOLD J. HENISZ Assistant Professor of Management,The Wharton School,The University of Pennsylvania, USA STEPHEN J. KOBRIN William H. Wurster Professor of Multinational Management, The Wharton School, University of Pennsylvania, USA BRUCE KOGUT Professor of Strategy and Management, INSEAD, France ALAN RUGMAN L. Leslie Waters Chair in International Business, Professor of Management, Professor of Business Economics and Public Policy, Indiana University, USA DANIEL P. SULLIVAN Associate Professor, University of Delaware, USA ALAIN VERBEKE McCaig Research Chair in Management , Haskayne School of Business, University of Calgary, Canada ELEANOR WESTNEY Professor of International Management, Sloan School of Management, MIT, USA MIRA WILKINS Professor of Economics, University of Florida, USA.