Reversal of Fortune Solving the Puzzle of Emerging Economy ODI
Philip C. Chang, Juanjuan Xie
Philip C. Chang
Available Online December 2013.
- https://doi.org/10.2991/mdhss-13.2013.6How to use a DOI?
- China, the eclectic theory, emerging economies, foreign direct investment, institutional support, outbound direct investment
- Since the surge of the outbound direct investment (ODI) of the emerging economies, the limitations of the traditional Ownership-Location-Internalization (OLI) paradigm of foreign direct investment were exposed. The main puzzle is how to interpret emerging economy ODI when the fundamental buildingblock of OLI, firm specific ownership advantages, barely existed. Focusing on the case of China, an integrated theory based on the reversal of fortune of China and the reversal of the role of ownership advantages is proposed. The new framework adds home advantage and institutional support to OLI while reversing the role of the “O”, generalizing the “L”, and strategizing the “I”.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Philip C. Chang AU - Juanjuan Xie PY - 2013/12 DA - 2013/12 TI - Reversal of Fortune Solving the Puzzle of Emerging Economy ODI BT - 2013 International Conference on the Modern Development of Humanities and Social Science PB - Atlantis Press SP - 25 EP - 27 SN - 1951-6851 UR - https://doi.org/10.2991/mdhss-13.2013.6 DO - https://doi.org/10.2991/mdhss-13.2013.6 ID - Chang2013/12 ER -