THREE - SAGE Publications Inc
established competencies abroad in the same product or business as that at home helps the firm overcome the liability of foreignness and thus reduces the risks inherent in foreign production and operations. Horizontal FDI enables the MNE Chapter 3: Foreign Direct Investment Theory and Application 61 03-Shenkar-45427.qxd 11/12/2007 3:06 PM Page 61 ................
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