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A neglected FDI contribution – Arne Lund (1944)

Author

Listed:
  • Pedersen, Kurt

    (Aarhus School of Business, and Centre for Business History, University of Aarhus)

  • Strandskov, Jesper

    (Faculty of Social Science, University of Southern Denmark)

Abstract

From the 1960s a number of theories developed dealing with the concepts of Foreign Direct Investment and Multi-National Enterprises. Much of the new theorising was subsequently integrated into John Dunning’s »eclectic paradigm« which still today takes a central position in the business theory of international production. Significant parts of the contributions to the theories of foreign direct investments had, however, been presented in a coherent and systematic way by the Danish economist Arne Lund in an article in Nationaløkonomisk Tidsskrift in 1944. The purpose of this paper is to present Lund’s argumentation and give Lund’s article, and not least its understanding of entrepreneurship and business dynamics, the recognition it deserves as an early and sophisticated contribution to the theory of foreign international investments.

Suggested Citation

  • Pedersen, Kurt & Strandskov, Jesper, 2010. "A neglected FDI contribution – Arne Lund (1944)," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2010(1), pages 193-211.
    • Handle: RePEc:hhs:jdaecn:0066
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    More about this item

    Keywords

    FDI; MNE; Arne Lund;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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