Proceedings of the 2013 International Conference on the Modern Development of Humanities and Social Science

Reversal of Fortune Solving the Puzzle of Emerging Economy ODI

Authors
Philip C. Chang, Juanjuan Xie
Corresponding Author
Philip C. Chang
Available Online December 2013.
DOI
https://doi.org/10.2991/mdhss-13.2013.6How to use a DOI?
Keywords
China, the eclectic theory, emerging economies, foreign direct investment, institutional support, outbound direct investment
Abstract
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”.
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Proceedings
2013 International Conference on the Modern Development of Humanities and Social Science
Part of series
Advances in Intelligent Systems Research
Publication Date
December 2013
ISBN
978-90786-77-90-1
DOI
https://doi.org/10.2991/mdhss-13.2013.6How to use a DOI?
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
UR  - https://doi.org/10.2991/mdhss-13.2013.6
DO  - https://doi.org/10.2991/mdhss-13.2013.6
ID  - Chang2013/12
ER  -