Developed country MNEs investing in developing economies: Progress and prospect

Yadong Luo (), Huan Zhang () and Juan Bu ()
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Yadong Luo: University of Miami
Huan Zhang: Sun Yat-Sen University
Juan Bu: Indiana University

Journal of International Business Studies, 2019, vol. 50, issue 4, No 7, 633-667

Abstract: Abstract This study reviews research from 1970 through 2016 on developed country multinational enterprises (DMNEs) entering and competing in developing economies. To identify the current state of knowledge of this research and push it further, we review the literature using bibliometric and qualitative content analyses covering leading journals and books. We articulate frontier issues that are understudied yet critical to both theorization and practice of DMNEs in developing economies. We discuss the findings and conclusions from prior research along five key areas: (1) entering developing economies, (2) organizing local activities, (3) managing alliances and joint ventures, (4) competing in dynamic environments, and (5) dealing with institutions, governments and society. We offer prospective insights into future agenda that have important implications for MNE strategies and decisions, and propose frontier directions that encompass strategic localization, reverse transfer and adaptation, co-evolution with local business ecosystems, reorganizing and restructuring, and strategic responses to institutional and market complexity.

Keywords: multinational corporations (MNCs) and enterprises (MNEs); developing economies; global strategy; qualitative review (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (59)

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DOI: 10.1057/s41267-019-00230-y

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