Outward Foreign Direct Investment from Emerging Economies and National Development Strategies: Three Regimes

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    Abstract

    Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and resources abroad. This Introduction proposes a broad framework for the analysis of OFDI from emerging economies. It provides a picture of how the role of FDI in development has changed over time and outlines the theoretical and institutional context in which the current wave of OFDI takes place. Theories of development and FDI, the role of government, and the trade policy environment have interacted to form three distinct development paradigms with different roles for FDI. For convenience, we will refer to these as the import substituting, the export-oriented and the FDI-led development regimes. Where local companies previously engaged mostly by way of trade-based measures, FDI is now becoming more integrated into corporate competitive strategies and national development policies.
    Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and resources abroad. This Introduction proposes a broad framework for the analysis of OFDI from emerging economies. It provides a picture of how the role of FDI in development has changed over time and outlines the theoretical and institutional context in which the current wave of OFDI takes place. Theories of development and FDI, the role of government, and the trade policy environment have interacted to form three distinct development paradigms with different roles for FDI. For convenience, we will refer to these as the import substituting, the export-oriented and the FDI-led development regimes. Where local companies previously engaged mostly by way of trade-based measures, FDI is now becoming more integrated into corporate competitive strategies and national development policies.
    LanguageEnglish
    JournalInternational Journal of Technological Learning, Innovation and Development
    Volume6
    Issue number1-2
    Pages1-20
    ISSN1753-1942
    StatePublished - 2013

    Bibliographical note

    CBS Library does not have access to the material

    Keywords

      Cite this

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      title = "Outward Foreign Direct Investment from Emerging Economies and National Development Strategies: Three Regimes",
      abstract = "Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and resources abroad. This Introduction proposes a broad framework for the analysis of OFDI from emerging economies. It provides a picture of how the role of FDI in development has changed over time and outlines the theoretical and institutional context in which the current wave of OFDI takes place. Theories of development and FDI, the role of government, and the trade policy environment have interacted to form three distinct development paradigms with different roles for FDI. For convenience, we will refer to these as the import substituting, the export-oriented and the FDI-led development regimes. Where local companies previously engaged mostly by way of trade-based measures, FDI is now becoming more integrated into corporate competitive strategies and national development policies.",
      keywords = "Emerging economies, Multinationals, Multinational corporations, MNCs, Foreign Direct Investment, Outward FDI, OFDI, Economic development, National development strategies, Firm capabilities, Government role, Trade policy",
      author = "Peter Gammeltoft and Ari Kokko",
      note = "CBS Library does not have access to the material",
      year = "2013",
      language = "English",
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      pages = "1--20",
      journal = "International Journal of Technological Learning, Innovation and Development",
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      TY - JOUR

      T1 - Outward Foreign Direct Investment from Emerging Economies and National Development Strategies

      T2 - International Journal of Technological Learning, Innovation and Development

      AU - Gammeltoft,Peter

      AU - Kokko,Ari

      N1 - CBS Library does not have access to the material

      PY - 2013

      Y1 - 2013

      N2 - Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and resources abroad. This Introduction proposes a broad framework for the analysis of OFDI from emerging economies. It provides a picture of how the role of FDI in development has changed over time and outlines the theoretical and institutional context in which the current wave of OFDI takes place. Theories of development and FDI, the role of government, and the trade policy environment have interacted to form three distinct development paradigms with different roles for FDI. For convenience, we will refer to these as the import substituting, the export-oriented and the FDI-led development regimes. Where local companies previously engaged mostly by way of trade-based measures, FDI is now becoming more integrated into corporate competitive strategies and national development policies.

      AB - Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and resources abroad. This Introduction proposes a broad framework for the analysis of OFDI from emerging economies. It provides a picture of how the role of FDI in development has changed over time and outlines the theoretical and institutional context in which the current wave of OFDI takes place. Theories of development and FDI, the role of government, and the trade policy environment have interacted to form three distinct development paradigms with different roles for FDI. For convenience, we will refer to these as the import substituting, the export-oriented and the FDI-led development regimes. Where local companies previously engaged mostly by way of trade-based measures, FDI is now becoming more integrated into corporate competitive strategies and national development policies.

      KW - Emerging economies

      KW - Multinationals

      KW - Multinational corporations

      KW - MNCs

      KW - Foreign Direct Investment

      KW - Outward FDI

      KW - OFDI

      KW - Economic development

      KW - National development strategies

      KW - Firm capabilities

      KW - Government role

      KW - Trade policy

      M3 - Journal article

      VL - 6

      SP - 1

      EP - 20

      JO - International Journal of Technological Learning, Innovation and Development

      JF - International Journal of Technological Learning, Innovation and Development

      SN - 1753-1942

      IS - 1-2

      ER -