How outward investment from emerging markets affects economic development at home: using the eclectic paradigm to synthesize two IB literatures

IF 4.6 Q2 MATERIALS SCIENCE, BIOMATERIALS
G. Hendriks
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引用次数: 2

Abstract

Purpose This paper aims to use the eclectic paradigm as a broad organizing framework to bring together two somewhat parallel international business (IB) literatures, one on the development effects of multinational enterprise activity and the other on the internationalization of emerging market multinationals (EMNEs). The author does so to better understand how outward foreign investment shapes economic development in firms’ home countries. Design/methodology/approach Considering that the characteristics of foreign investment by EMNEs likely differ from that of their developed economy counterparts and that such characteristics may have unique development consequences, the author revisits one of IB’s overarching theories to rethink how ownership, location and internalization advantages take shape and stimulate diverse development outcomes. Findings My narrative review and conceptual analysis indicate that the eclectic paradigm is a valuable framework that can be used to shed light on underexplored phenomena and thereby inform important policy debates. The analysis suggests that unique characteristics of EMNE investment simultaneously have positive and negative development consequences in their home countries. Practical implications The author sets out a research agenda that revolves around six propositions that separately relate one of these three distinct characteristics of EMNE investment to two development outcomes, namely, spillovers and direct effects on home-country employment. My propositions suggest that important policy dilemmas potentially apply, in that each of the three characteristics positively affects one of the aspects of development, but negatively the other. Originality/value My research agenda presents international business scholars with new opportunities to build on a history of policymaking impact, now geared toward resolving society’s grand challenge of underdevelopment.
新兴市场对外投资如何影响国内经济发展:用折衷主义范式综合两篇IB文献
目的本文旨在利用折衷范式作为一个广泛的组织框架,将两篇有点平行的国际商业(IB)文献汇集在一起,一篇是关于跨国企业活动的发展效应,另一篇是对新兴市场跨国公司国际化的研究。作者这样做是为了更好地理解对外投资如何影响企业母国的经济发展。设计/方法论/方法考虑到新兴市场国家的外国投资特征可能与发达经济体的外国投资不同,并且这些特征可能会产生独特的发展后果,作者重新审视了IB的一个总体理论,以重新思考所有权、,区位优势和国际化优势正在形成,并激发出多样化的发展成果。发现我的叙述性回顾和概念分析表明,折衷范式是一个有价值的框架,可以用来揭示未被充分探索的现象,从而为重要的政策辩论提供信息。分析表明,新兴市场经济投资的独特性同时对其母国的发展产生了积极和消极的影响。实际含义作者提出了一个围绕六个命题的研究议程,这些命题分别将新兴市场经济投资的三个不同特征之一与两个发展结果联系起来,即溢出效应和对母国就业的直接影响。我的主张表明,重要的政策困境可能适用,因为这三个特征中的每一个都对发展的一个方面产生积极影响,但对另一个方面却产生消极影响。独创性/价值我的研究议程为国际商业学者提供了新的机会,以建立政策制定影响的历史,现在正致力于解决社会发展不足的巨大挑战。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
ACS Applied Bio Materials
ACS Applied Bio Materials Chemistry-Chemistry (all)
CiteScore
9.40
自引率
2.10%
发文量
464
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