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Theoretical Perspectives on Emerging Country Multinationals

Palgrave Studies of Internationalization in Emerging Markets, ISSN: 2662-1193, Page: 33-65
2018
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Book Chapter Description

This chapter portrays the recent debates in the field of international business regarding the rise of emerging country multinationals (EC MNEs) and the meaning of this phenomenon for the academic field. It provides a review of mainstream (i.e., internationalization process model and OLI framework) and emerging perspectives (i.e., springboard perspective and linkage, leverage, learning (LLL) perspective)—which are particularly concentrated on EC MNEs—on the internationalization of the firm. The chapter further reviews the pertinent literature on the dimensions of the internationalization of EC MNEs that are drivers of and motives for outward foreign direct investment (OFDI), and characteristics of their internationalization processes including location and entry mode choices.

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