Scientific Foundations Evolution of International Business

Abstract

Since the 1990s, a gradual increase in scientific interest in international business has been observed in Ukraine, but the number of relevant research works is still relatively low. At the same time, in the rest of the world, the science of international business has made a remarkable path of development since the moment of its emergence in the 1950s. In this context, Ukrainian scientists have the special task of analyzing international achievements in this discipline and, based on this, bringing the focus of their research in compliance with the worldwide requirements at the modern stage of the scientific foundations evolution of international business. Despite a significant amount of international research papers that deal with studying the scientific foundations evolution of international business, there is no single well-established approach to classifying the stages of this process today. This predetermined the aim of the study, namely, to clarify and summarize the key characteristics of the basic stages in the scientific foundations evolution of international business from the moment of emergence of this scientific discipline to the present. The analysis carried out from the perspective of an instrumentalist approach has led to the conclusion that the scientific foundations evolution of international business is inseparable from the international life cycle of this discipline and currently comprises the following four stages: institutionalization; rapid growth; maturity; renaissance. In the article, the time frames of each stage are identified and justified, each of them being comprehensively characterized.

Keywords

• international business
• evolution of science
• international product life cycle
• globalization
• internationalization
• multinational company management
• international entrepreneurship
• international business operations