Abstract
Whereas inbound FDI volumes can be explained by existing locational advantages (L-advantages) of recipient countries, FDI outflows reflect ownership advantages (O-advantages) of investing companies. O-advantages refer mainly tofinancial capacity and intangible assets (technological, management and marketing know-how; intellectual property; brand equity; trade and customer links; etc.) of TNCs in host countries.1
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Notes
M. B. Rao, Joint Ventures. International Business with Developing Countries, 1999, pp. 17–28.
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© 2000 Paul Fischer
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Fischer, P. (2000). TNCs as Global Investors. In: Foreign Direct Investment in Russia. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977590_5
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DOI: https://doi.org/10.1057/9780333977590_5
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