John H Dunning (Reading University Business School, Reading, UK) Masataka Fujita (Investment Trends Section, United Nations Conference on Trade and Development, Geneva, Switzerland) Nevena Yakova (Rutgers University, New Jersey, USA)
Abstract
This paper critiques an earlier contribution by Rugman and Verbeke (2004); and it does so by considering the global distribution of foreign direct investment (FDI). It also adds several new dimensions to the regionalisation/globalisation debate, noticeably by (i) the incorporation of inward multinational enterprise (MNE) activity, (ii) evaluating changes in the geography of FDI between 1990 and 2003, and (iii) the introduction of the concept of revealed investment comparative advantage (RICA) of countries and regions. While broadly supporting the findings of Rugman and Verbeke, our paper shows that much of the explanation for the regional concentration of FDI and MNE activity reflects that of the gross domestic product (GDP) and trade of the countries concerned, rather than any distinctive strategy on the part of investing firms. Journal of International Business Studies (2007) 38, 177–199. doi:10.1057/palgrave.jibs.8400241
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 38 (2007) Issue (Month): 1 (January) Pages: 177-199 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF