Dynamics of globalization: Location-specific advantages or liability of foreignness?

Emerald Group Publishing Limited
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Dynamics of Globalization Location-Specific Advantages or Liabilities of Foreignness?, 2011, 1st edition, pp. 45 - 53
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The location factor has long been neglected in International Management (1M) studi es, traditionally relegaled to an exogenous role and ascribed a somewhat trivial impact (Dunning, 1998). One major source of this neglect is in our conceptualization of firms' loca tion-specific advantages (LSAs) as completely distinct from finn-specific advantages - i.e. a [actor that only explains the choice o[ location [or different activities but not the variation in firm-specific advantages (FSAs). However, increased globallzation has, in many ways, put the location [actor back onto the map o[ international business and management scholarship once again. As we will argue in Lltis in troductory chapter, and as the contribu tions in the 2011 volwne o[ Advances in Ilitemational Manageme1Zl bear out, old questions have been revitalized in a new context and new and challenging questions have been raised pertaining to the importance of location in international business and management.
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