(), Claudio Cozza
(), Elisa Giuliani
(), Roberta Rabellotti
() and Vittoria Scalera
Alessia Amighini: Università del Piemonte Orientale
Claudio Cozza: Università del Piemonte Orientale
Elisa Giuliani: Università di Pisa, Italy
Roberta Rabellotti: Università di Pavia
Vittoria Scalera: Politecnico di Milano
Abstract: In the past century we have witnessed worldwide a growing flow of Foreign Direct Investment (FDI), which have attracted the attention of economists, international business and development scholars. In this scenario, two trends have recently gained momentum: the increasing relevance of Technology-driven FDI (TFDI) and the upsurge of Emerging Economies’ Multinational Enterprises (EMNEs) investing in advanced countries. In this paper, we present a survey of the relevant literature on TFDI, with a focus on both AMNEs and EMNEs. After presenting the different phases of TFDI from Advanced Economy Multinational Enterprises (AMNEs), we focus on EMNEs and discuss the usefulness and limitations of the existing theoretical frameworks to interpret this new phenomenon. Next, the paper reviews the literature on EMNEs’ sources of competitive advantages and their main motivations for investing abroad. Finally, the paper explores the peculiarities of TFDI from emerging economies.
65 pages, September 17, 2013
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