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Multinational Enterprises in Less Developed Countries: Cultural and Economic Interactions

In: The Multinational Enterprise Revisited

Author

Listed:
  • Peter J. Buckley

    (University of Leeds)

  • Mark Casson

    (University of Reading)

Abstract

This chapter analyses the operations of multinational enterprises (MNEs) in less developed countries (LDCs) in terms of the interplay between two types of culture. The MNE, it is claimed, personifies the highly entrepreneurial culture of the source country, while the LDC personifies the less entrepreneurial culture of the typical social group in the host country. This view places MNE-LDC relations in an appropriate historical perspective. It is the entrepreneurial culture of the source country which explains why in the past that country had the economic dynamism to become a developed country (DC). Conversely, the limited entrepreneurial culture of the host country explains why it has been so economically static that it has remained an LDC. The current problems perceived by MNEs in operating in certain LDCs — and also the problems perceived by these LDCs with the operation of foreign MNEs — reflect the difficulties of attempting to bridge this cultural gap.

Suggested Citation

  • Peter J. Buckley & Mark Casson, 2010. "Multinational Enterprises in Less Developed Countries: Cultural and Economic Interactions," Palgrave Macmillan Books, in: The Multinational Enterprise Revisited, chapter 4, pages 68-95, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25046-8_4
    DOI: 10.1057/9780230250468_4
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    Cited by:

    1. Buckley, Peter J., 2009. "Internalisation thinking: From the multinational enterprise to the global factory," International Business Review, Elsevier, vol. 18(3), pages 224-235, June.
    2. Clegg, Jeremy & Cross, Adam R., 2000. "Affiliate and non-affiliate intellectual property transactions in international business: an empirical overview of the UK and USA," International Business Review, Elsevier, vol. 9(4), pages 407-430, August.
    3. Zheng, Lucy & Batuo, Michael Enowbi & Shepherd, David, 2017. "The Impact of Regional and Institutional Factors on Labor Productive Performance—Evidence from the Township and Village Enterprise Sector in China," World Development, Elsevier, vol. 96(C), pages 591-598.
    4. Buckley, Peter J., 2016. "The contribution of internalisation theory to international business: New realities and unanswered questions," Journal of World Business, Elsevier, vol. 51(1), pages 74-82.
    5. Buckley, Peter J. & Chapman, Malcolm, 1996. "Theory and method in international business research," International Business Review, Elsevier, vol. 5(3), pages 233-245, June.
    6. Peter Strachan & David Lal, 2004. "Wind Energy Policy, Planning and Management Practice in the UK: Hot Air or a Gathering Storm?," Regional Studies, Taylor & Francis Journals, vol. 38(5), pages 549-569.
    7. Beleska-Spasova, Elena & Glaister, Keith W. & Stride, Chris, 2012. "Resource determinants of strategy and performance: The case of British exporters," Journal of World Business, Elsevier, vol. 47(4), pages 635-647.
    8. Peter J. Buckley & Jeremy Clegg & Ping Zheng & Pamela A. Siler & Gianluigi Giorgioni, 2007. "The impact of foreign direct investment on the productivity of China’s automotive industry," Management International Review, Springer, vol. 47(5), pages 707-724, September.

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