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The American Model of the Multinational Firm and the “New” Multinationals From Emerging Economies
Abstract
Executive Overview The traditional American model of multinational enterprise (MNE), characterized by foreign direct investment (FDI) aimed at exploiting firm-specific capabilities developed at home and a gradual country-by-country approach of internationalization, dominated the global economy during much of the post-World War II period. In the last two decades, however, new MNEs from emerging, upper-middle-income, or oil-rich countries have followed completely different patterns of international expansion. In this paper we analyze the processes through which these firms became MNEs and to what extent we need a new theory to explain their international growth.
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Ramamurti, R. (2012) · Global Strategy Journal · doi:10.1002/gsj.1025 · Cited by 790
Emerging multinationals from mid‐range economies: the influence of institutions and factor markets
Hoskisson, R. E., Wright, M., Filatotchev, I., & Peng, M. W. (2013) · Journal of Management Studies · doi:10.1111/j.1467-6486.2012.01085.x · Cited by 756
Reverse innovation, emerging markets, and global strategy
Govindarajan, V., & Ramamurti, R. (2011) · Global Strategy Journal · doi:10.1002/gsj.23 · Cited by 694
Institutional Strategies in Emerging Markets
Marquis, C., & Raynard, M. (2015) · Academy of Management Annals · doi:10.5465/19416520.2015.1014661 · Cited by 580
Outward foreign direct investment by emerging market firms: A resource dependence logic
Xia, J., Ma, X., Lu, J. W., & Yiu, D. W. (2014) · Strategic Management Journal · doi:10.1002/smj.2157 · Cited by 373
Metadata
- Authors
- Guillén, M. F., & García-Canal, E.
- Venue
- Academy of Management Perspectives
- Publisher
- Academy of Management
- Published
- 2009-05
- Volume
- 23
- Issue
- 2
- Pages
- 23-35
- ISSN
- 1558-9080 (ISSN-L)
- 1943-4529
- OpenAlex
- W1979727706
- Cited by
- 758
- References
- 56
- FWCI
- 102.12
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.