Theoretical And Empirical Implications For Research On South-South And South-North Expansion Strategies

Abstract

“THE END OF HISTORY” OF RESEARCH INTO INTERNATIONALIZATION STRATEGIES?

Is it still worth conducting research into internationalization strategies? This question may appear polemical, but seems legitimate when one considers the impressive number of theoretical and empirical studies which have been developed since the seminal work of Dunning (1988) and concern the definition and classification of different internationalization strategies. These contributions have enabled substantial advances in understanding of the central themes of the International Business field. First, the mechanisms underlying the choices involved in internationalization strategy are now far better understood. This is due to the use of theoretical frameworks (transactional, institutional, learning and cultural frameworks, in particular) that have enabled deeper analysis of firms’ behaviors. Second, studies focusing on the relationship between choice and performance in internationalization strategies have led to the development of managerial recommendations. Third, the progressive openness of many emerging economies to foreign direct investments (FDI) has increased opportunities