Dynamics of Globalization Location-Specific Advantages or Liabilities of Foreignness?

Book details for Dynamics of Globalization

Series: Advances in International Management v. 24

Contributor(s): Torben Pedersen (editor), Christian Geisler Asmussen (editor), Timothy Devinney (editor), Laszlo Tihanyi (editor), Timothy Devinney (series editor), Torben Pedersen (series editor), Laszlo Tihanyi (series editor),

Format: Hardback, 234 x 156 x 41mm , 472 pp, ill

Publication date: 09 Jun 2011

Imprint: Emerald Group Publishing Limited

ISBN: 9780857249913

Price: £87.95

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Synopsis

Cross-border flows of goods, services, capital, knowledge, and ideas have substantially increased over the last decades. These developments have increased the interdependencies among previously separated economies, given rise to arguments regarding the flattening of the world. Yet, firms investing overseas continue to experience substantial liabilities stemming from their foreignness. At the same time new locations are appearing on the global map that offers very attractive location-specific advantages. In addition, the range of participants in international competition has widened, in terms of both the number of countries involved and the types of firms competing, to encompass developed market firms expanding beyond industrialized countries, and emerging market firms joining global competition. The focus of this volume is on how the interface between firm-specific advantages, liability of foreignness, and location-specific advantages are spelled out in the more global world.