UNDERSTANDING INTERNALIZATION THEORY AND MULTINATIONAL ENTERPRISES FROM EMERGING ECONOMIES IN BUSINESS HISTORY PERSPECTIVE

This review paper is focused on applying and advancing the Internalization theory to address some of the most current gaps. This paper draws together and synthesizes the lessons learned from the various papers on internalization theory integrated with a business history perspective in this special issue.The review, therefore, is providing a comprehensive understanding of the internalization theory and how it will accommodate the issue of multinationals from emerging economies. To this end, the core point of this paper review focused on demonstrating how to better understand internalization theory and to show how the general internalization theory could be applicable in emerging economy multinationals. While discussing internalization theory and emerging multinationals important insights revealed complementing the business theory with business history to rethink using this two for current business phenomena. Finally, the paper discusses potential avenues for future research and conclusions.