Concept information
Terme préférentiel
monopolistic advantage theory
Définition
- Monopolistic advantage theory, first proposed by S. H. Hymer in his doctoral thesis and later expanded by C. P. Kindleberger, explains the reasons multinational corporations (MNCs) are able to compete successfully against local firms. It is a microeconomic theory that makes the firm the center, as well as the cause, of the international movement of capital and goods. [Source: Encyclopedia of Business in Today's World; Monopolistic Advantage Theory]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-D1Z92KNB-M
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