Kiel Working Papers, Kiel Institute for World Economics
No 1776:
Emerging multinationals, international knowledge flows and economic geography: a research agenda
Dirk Christian Dohse, Robert Hassink and Claudia Klaerding
Abstract: One of the most significant changes in the global economy
today is the strong increase in outgoing foreign direct investment (OFDI)
from emerging economies to industrialised countries. Whereas investment in
less developed countries is often motivated by the sourcing of natural
resources and cheap labour, knowledge and technology-seeking is an
increasingly important motive for emerging multinationals investing in
developed economies. The current paper is focussed on the role of emerging
multinationals as knowledge-transfer agents and pursues three aims: First,
to unravel the distinguishing features of emerging multinationals (as
compared to ‘traditional’ multinationals), secondly, to critically discuss
the usefulness of conventional theoretical concepts in explaining this new
phenomenon and thirdly, to launch a research agenda for near-future
research on emerging multinationals, with a particular focus on the
economic geography of international knowledge flows
Keywords: emerging multinationals, international knowledge flows, economic geography; (follow links to similar papers)
JEL-Codes: F21,; F23,; M16,; O33; (follow links to similar papers)
48 pages, June 2012
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