... and services possess imperfections. Competitiveness in such markets will require going beyond country-specific and firm-specific advantages. MNEs will need to integrate location-specific advantages with internalization advantages of these market imperfections to operate successfully in the complex environments...

.... Sambharya can be contacted at: sambhary@camden.rutgers.edu © Emerald Group Publishing Limited 2015 Foreign direct investment Corruption and the informal market Economic freedom Government intervention Location-specific advantages Political freedom The growing recognition...