The conceptual and theoretical frameworks developed regarding the drivers of firms to internationalize start from the idea that firms expand abroad because of their capacity to utilize their advantages in the host countries. This concept was formulated by Hymer (1960) and Kindleberger (1969), who built up on even earlier idea of internationalization discussed in terms of international trade and FDI and not in terms of the specific firm’s activities.
Theoretical perspectives that explain the level and pattern of FDI or MNCs activities vary from conventional economic theories (Caves, 1971; Hymer, 1976; Kindleberger, 1969), internationalization models (Buckley
The Factors Which Determined Oligopoly Market Economics Essay
The term Oligopoly is derived from Greek words oligoi, which means ‘few’, and polien which means ‘to sell’. So a market where there are only a few sellers or producers of a product and each has considerable influence on the market is called Oligopoly market (Rankin