Reflections on the Hymer thesis and the multinational enterprise

  title={Reflections on the Hymer thesis and the multinational enterprise},
  author={D. Teece},
  journal={International Business Review},
  • D. Teece
  • Published 2006
  • Economics
  • International Business Review
Understanding the economic function of the multinational enterprise remains a seminal issue. Almost half a century ago, Stephen Hymer initiated serious scholarly inquiry into the theory of multinational enterprise by positing that domestic firms needed special advantages to go global and succeed. However, he failed to fully unlock the foundations of the posited special advantages. Moreover, he sensed that multinational firms could not exist in a (theoretical) world of perfect competition, and… Expand
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