Geographic Scope Under Conditions Of Confined And Connected Change: The Case Of Telefónica (Spain). ACES Working Papers, 2012

Traditional explanations of MNE geographic scope formation fit somewhat uncomfortably with recent empirical and theoretical work in IB that suggests (1) that wholesale (not just gradual) changes in MNE geographic scope may be more frequent than previously thought, and (2) that managers’ responses to a world increasingly characterized by random, unpredictable change are more experimental and less optimizing in nature than assumed in most models of international expansion. In this paper we draw from studies portraying industries as dynamic networks, and from the literature on managerial cognition to provide a complementary explanation of the evolution of MNE geographic scope that reconciles the insights of traditional IB models with the questions raised by more recent studies in this field. We illustrate the proposed model through a detailed account of the internationalization process of Telefonica, the Spanish telecommunications company.

Winds of Change for US and EU Relations with Cuba. CEPS Commentary, 21 March 2016

The visit by President Obama to Cuba this week marks a new and dramatic phase in the relations between the US and its next-door island neighbour just 90 km off its coastline. It will have taken almost 90 years for an American President to cross the Florida straits after the previous visit, by President Calvin Coolidge, who arrived not by air but on a battleship.