The American Model of the Multinational Firm and the “New” Multinationals From Emerging Economies

Published on May 1, 2009in Academy of Management Perspectives3.86
· DOI :10.5465/amp.2009.39985538
Mauro F. Guillén34
Estimated H-index: 34
(UPenn: University of Pennsylvania),
Esteban García-Canal17
Estimated H-index: 17
(University of Oviedo)
Executive Overview The traditional American model of multinational enterprise (MNE), characterized by foreign direct investment (FDI) aimed at exploiting firm-specific capabilities developed at home and a gradual country-by-country approach of internationalization, dominated the global economy during much of the post-World War II period. In the last two decades, however, new MNEs from emerging, upper-middle-income, or oil-rich countries have followed completely different patterns of international expansion. In this paper we analyze the processes through which these firms became MNEs and to what extent we need a new theory to explain their international growth.
  • References (47)
  • Citations (366)
#1Federico Bonaglia (OECD Development Centre)H-Index: 3
#2Andrea Goldstein (OECD Development Centre)H-Index: 19
Last.John A. Mathews (Macquarie University)H-Index: 42
view all 3 authors...
#1Peter J. Buckley (University of Leeds)H-Index: 57
#2L. Jeremy Clegg (University of Leeds)H-Index: 6
Last.Ping Zheng (University of Westminster)H-Index: 9
view all 6 authors...
#1Daphne W. Yiu (CUHK: The Chinese University of Hong Kong)H-Index: 18
#2Chung-Ming Lau (CUHK: The Chinese University of Hong Kong)H-Index: 22
Last.Garry D. Bruton (TCU: Texas Christian University)H-Index: 50
view all 3 authors...
Cited By366
#1Piyush Sharma (Curtin University)H-Index: 18
#2Louis T. W. Cheng (PolyU: Hong Kong Polytechnic University)H-Index: 23
Last.Tak Yan Leung (Open University of Hong Kong)H-Index: 11
view all 3 authors...
#1Sarah Castaldi (CBS: Copenhagen Business School)
#2Sathyajit Gubbi (UG: University of Groningen)
Last.Sjoerd Beugelsdijk (UG: University of Groningen)H-Index: 29
view all 0 authors...
#1Eun Woo Kim (UM: University of Michigan)
#2Soonkyoo Choe (Yonsei University)H-Index: 8
Last.Jooyoung Kwak (Yonsei University)H-Index: 6
view all 3 authors...
#1Ebru Genç (CMU: Carnegie Mellon University)
#2Mumin Dayan (United Arab Emirates University)H-Index: 15
Last.Omer Faruk Genc (College of Business Administration)
view all 3 authors...
#1Vikas Kumar (USYD: University of Sydney)H-Index: 29
#2Deeksha Singh (RU: Rutgers University)H-Index: 9
Last.Ajai S. Gaur (RU: Rutgers University)H-Index: 29
view all 5 authors...
View next paperForeign acquisitions by Chinese firms: A strategic intent perspective