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- Oct 2024
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Gao, Murray, Kotabe & Lu (2010). A “Strategy Tripod” Perspective on Export Behaviors: Evidence from domestic and foreign firms based in an emerging economy.
Not needed, not learning
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Findings
1. Importance of Intangible Assets: Intellectual capital is crucial for wealth creation, but companies must effectively use these assets in various locations.
2. Changing Role of Location: Mobile investors seek locations that complement their core strengths, making location-bound assets important.
3. Internalizing Markets for Efficiency: Firms should focus on internalizing intermediate product markets to create a more efficient economic structure
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Globalization highlights the international integration of markets for goods, services, and capital. This trend can be understood by three distinct dimensions. Firstly, technological innovation is considered the spearhead for driving globalization, as the reduced costs in transportation and the simplification of logistical operations enable integration across borders. Secondly, the growth of international economic activity is considered the catalyst for global value chains. Finally, the liberalization of economic policies highlights the role of reduced tariffs and barriers between countries in driving globalization.
- Technological Innovation: Reduces costs and simplifies logistics, facilitating cross-border integration.
- Growth of International Economic Activity: Fuels the development of global value chains.
- Liberalization of Economic Policies: Reduces tariffs and barriers, encouraging greater international trade and investment.
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