The World is Spiky: An Internationalization Framework for A Semi‐Globalized World

Firms operate in a semi‐globalized world wherein opportunities and constraints arise at both the country and regional levels; however, extant theories of firm internationalization focus mostly on country‐level determinants. We aim to overcome this deficiency by developing a theoretical model that explicates the mechanisms driving firm internationalization in a semi‐globalized world. Integrating the organizational learning literature with...