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How does corporate internationalisation, undertaken from the economies of nation-states at the European and global periphery, ameliorate their long-standing strategic rivalries? The case of the Greek strategic rivalry with Turkey.

Kamaras, Antonis (2010) How does corporate internationalisation, undertaken from the economies of nation-states at the European and global periphery, ameliorate their long-standing strategic rivalries? The case of the Greek strategic rivalry with Turkey. PhD thesis, London School of Economics and Political Science (United Kingdom).

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Abstract

This thesis aims to examine the impact of internationalising corporations of peripheral nationstates on their strategic rivalries. Although corporations from an increasing number of peripheral countries have internationalised their operations in the last fifteen years, the implications of this process for their interstate relations and -in particular- their relations with their strategic rivals, have yet to be systematically addressed. The thesis's hypothesis is that in the context of such corporate internationalisation for a state in the semi-periphery, the large-scale acquisition by a domestic firm of a foreign enterprise, reconfigures conceptions of economic nationalism. This is especially the case where the enterprise acquired is located in a state with which there is a longterm and significant foreign policy rivalry. The interests and strategies of key domestic socioeconomic actors are reconfigured within the new nationalism, with incentives to support and sustain such corporate internationalization. This thesis will review the scholarship on New Economic Nationalism which provides the most suitable analytical perspective to evaluate the impact of corporate internationalisation on strategic rivalries. It will also identify the corporate internationalisation process and those of its features that are particular to peripheral countries. It will also examine the challenges posed to its hypothesis by the scholarly debates which liberal institutionalism, realism and Europeanization, have generated. The thesis's hypothesis will be tested through the country case of Greece, and its strategic rivalry with Turkey. The thesis will examine the wider role of Greek corporations prior to their internationalisation in Southeastern Europe, and at the height of Greece's strategic rivalry with Turkey. It will then access the prominence that Greek corporations achieved due to their internationalisation and the conflation, by Greek policy makers and governing parties, of the corporate internationalisation process with national prestige and prowess. By scrutinising a particular FDI transaction, the acquisition of a major Turkish bank by Greece's leading bank, the thesis will evaluate whether corporate internationalisation, by redefining economic nationalism, can indeed have an significant impact on Greece's strategic rivalry with Turkey.

Item Type: Thesis (PhD)
Uncontrolled Keywords: Political Science, International Relations
Sets: Collections > ProQuest Etheses
URI: http://etheses.lse.ac.uk/id/eprint/2198

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