The location strategies of multinationals from emerging countries in the EU regions

R. Crescenzi, C. Pietrobelli, R. Rabellotti

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Abstract

This paper contributes to the current debate in both Economic Geography and International Business on the nature and strategies of Multinational Enterprises (MNEs) from emerging countries (EMNEs). The paper fills a very relevant gap in the existing literature by shedding new light on the location strategies of EMNEs at the national and regional level, looking at their investment drivers and systematically comparing them with those of multinationals from advanced countries (AMNEs). The empirical analysis looks at the location choices of MNEs in the European Union (EU-25) regions and unveils that EMNEs follow distinctive
location strategies. Their attraction into large regional markets is similar to AMNEs as well as their irresponsiveness to efficiency seeking motives. Conversely, the most knowledge-intensive investments of EMNEs respond mainly to two 'attraction' factors: strategic assets (in the form of local technological dynamism) and the agglomeration of foreign investments in the same business functions. In addition, both the national and the regional levels are simultaneously relevant to EMNEs
decisions.
Original languageEnglish
Place of PublicationMaastricht
PublisherUNU-MERIT
Publication statusPublished - 1 Jan 2015

Publication series

SeriesUNU-MERIT Working Papers
Number009

Cite this

Crescenzi, R., Pietrobelli, C., & Rabellotti, R. (2015). The location strategies of multinationals from emerging countries in the EU regions. UNU-MERIT. UNU-MERIT Working Papers, No. 009