The Big Picture: Why is FDI becoming more important? Globalization and internationalization: liberalization of international trade and investment regulations opens up new opportunities vertical FDI more important Regional integration: new large markets require new large firms mergers and acquisitions Ari Kokko
Explanations for FDI and MNCs Multinational corporations market failures and market imperfections internalization diversification eclectic explanation: the OIL framework Foreign Direct Investment market disequilibrium distortions imposed by governments market structure imperfections Ari Kokko
Ari Kokko