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international business
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Knowledge-Driven Internationalization
1967 - 1995
The period saw convergence around an eclectic paradigm that explains foreign investment through ownership advantages, location advantages, and internalization; it also highlighted a learning-driven, staged process of internationalization where firms accumulate knowledge and progressively deepen foreign commitments, with a notable shift toward rapid, network-enabled expansion for certain firms. Competitive dynamics in global industries shaped cross-border strategy through oligopolistic reactions and global competition, linking governance, strategy, and location perspectives across economics and management disciplines. Empirical analyses connected location decisions to macroeconomic conditions and industry structure, reinforcing the centrality of location and market environment in guiding foreign investments.
• Multinational Enterprise (MNE) and Foreign Direct Investment (FDI) research converge on a unified theory that combines the eclectic paradigm, internalization, and governance, bridging economics and management [2], [7], [8], [12], [13].
• Internationalization is treated as a learning-driven, staged process in which firms accumulate knowledge and gradually increase foreign market commitments, highlighting adaptive entry patterns [3], [9], [15].
• Competitive dynamics in global industries shape strategic choices of MNEs through oligopolistic reactions, global competition, and strategic management across borders [4], [10], [14], [19], [20].
• Empirical and theoretical analysis of investment and production patterns shows how MNEs’ location decisions respond to industrial structure and macroeconomics, reinforcing FDI theory and practice [5], [13], [18].
Transnational Networks and Internalization
1996 - 2002
Born-Global Internationalization
2003 - 2009
Knowledge-Driven Internationalization
2010 - 2016
Ecosystem-Driven Internationalization
2017 - 2023