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Internationalization of Emerging Economy Firms – Need for New Theorizing
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The paper argues that the extant theories are too broad to explain certain attributes of the internationalization process adopted by emerging economy firms. It seeks to strengthen the existing theories by suggesting directions for new theorization in the context of internationalization of firms from emerging economies such as India. The author reviews the relevant theoretical literature on the international expansion of firms in general and by TMNCs in particular. The paper examines evidence from the unique context of the internationalization of emerging economy firms and offers an argument for the need for fresh theorizing.
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