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Outward FDI from Developing Country MNEs as a Channel for Technological Catch-up

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Authors
Amighini, Alessia; Rabellotti, Roberta; Sanfilippo, Marco
Issue Date
2010-04
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.23 No.2, pp. 239-261
Keywords
Developing country MNEsInternationalizationFDITechnological catch-up
Abstract
One of the more recent aspects of the globalization process is

the rise and the increasing outward expansion of multinational

enterprises (MNEs) from developing countries. Among the more

promising effects of this phenomenon is a potentially positive development

impact: through outward foreign direct investment (OFDI)

developing country MNEs acquire new knowledge, which contributes

to the technological catch-up of their home countries. This paper

reviews the recent literature on OFDI from developing countries,

with a critical focus on the theory and evidence of FDI as a channel

for technological catch-up. This literature suggests that the

features and global business environment of current emerging country

MNEs is different from those of latecomer firms in earlier

decades. Modularity of production in an increasing number of

sectors, combined with weak national innovation systems (NIS) in

many developing countries explain why the sourcing of strategic

assets ― including technology and innovation ― from abroad through

OFDI has become such an important channel for technological

catch-up.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/69809
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.23 no.1/4 (2010)
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