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Purpose

This paper aims to draw on international relations (IR) literature to analyze, from a critical standpoint, recent developments in international business (IB) and international management (IM) in the USA, and the emerging debate between mainstream and critical researchers in Anglo‐American literature. It also aims to show that these important undertakings overshadow the political role of international disciplines and constrain the development of a critical perspective in IB from Latin America.

Design/methodology/approach

Based on an interdisciplinary approach, this paper addresses the main debates on IR regarding the “international” and the control of international fields of knowledge by the great powers to foster a critical perspective in IB from Latin America.

Findings

Critique from a universal perspective which does not differentiate IB and IM in the Anglo‐American literature is important, but constrains the appraisal of specific national and regional issues that are of vital importance to the development of a critical perspective in IB from Latin America.

Practical implications

This critical perspective moves beyond disciplinary boundaries and raises implications for research and teaching of IB and IM in Latin America.

Originality/value

This paper problematizes, from a perspective focused on the political economy of knowledge, the overlooking of debates about the “international” and of specific conditions that both enable and constrain the development of fields of knowledge from a less asymmetrical standpoint.

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