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Internationalization of Finnish Firms and their Response to Global Challenges

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  • Luostarinen, Reijo

Abstract

Internationalization, globalization, and global competition are reshaping the world economy. These processes are dominated by the main players, which are the North American, German, Japanese, British, and French based transnational corporations. A historically unprecedented economic power is concentrated in these firms. What kinds of possibilities are there for firms from smaller countries? Under what circumstances can they successfully compete in the global battleground? In the search for answers to these questions, the experiences of Finnish firms are indeed very interesting. They may serve as important lessons for smaller countries and especially those which are late-comers.

Suggested Citation

  • Luostarinen, Reijo, 1994. "Internationalization of Finnish Firms and their Response to Global Challenges," WIDER Working Papers 295309, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:ags:widerw:295309
    DOI: 10.22004/ag.econ.295309
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    Cited by:

    1. Antalóczy, Katalin & Éltető, Andrea, 2002. "Magyar vállalatok nemzetköziesedése - indítékok, hatások és problémák [The internationalization of Hungarian companies - motives, effects and problems]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 158-172.
    2. Stopochkin Artem & Sytnik Inessa & Sytnik Bogdan, 2020. "Methodology for Analyzing the Level of International Entrepreneurship Development," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 259-285.
    3. Kostadin Kolarov & Yordanka Ivanova & Branimir Yordanov & Krasimira Shindarova & Nedialko Nestorov, 2021. "Determinants and Models of Competitive Performance of SMEs in an International Business Environment: Combining Macro-Level and Firm-Level Analyses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 106-125.
    4. Appiah, Emmanuel Kusi & Galkina, Tamara & Gabrielsson, Peter, 2023. "Liminality and developmental process of learning advantage of newness of early internationalizing firms," International Business Review, Elsevier, vol. 32(6).
    5. Tiia Vissak, 2006. "Internationalization of Estonian listed companies: theories and reality," University of Tartu - Faculty of Economics and Business Administration, in: Entrepreneurship in Estonia: policies, practices, education and research, volume 28, chapter 6, pages 116-138, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    6. Hank Lim & Fukunari Kimura, 2010. "The Internationalization of Small and Medium Enterprises in Regional and Global Value Chains," Microeconomics Working Papers 22812, East Asian Bureau of Economic Research.
    7. Borsos-Torstila, Julianna, . "The Determinants of Foreign Direct Investment Operations of Finnish MNCs in Transition Economies 1990-1995," ETLA A, The Research Institute of the Finnish Economy, number 28, June.
    8. Pia Arenius, 2005. "The Psychic Distance Postulate Revised: From Market Selection to Speed of Market Penetration," Journal of International Entrepreneurship, Springer, vol. 3(2), pages 115-131, June.
    9. Michael Neubert, 2023. "A Systematic Literature Review about the Speed of Internationalization," International Journal of Business and Management, Canadian Center of Science and Education, vol. 17(2), pages 1-80, February.
    10. Jörg Freiling & Roland Wassermann & Sven M. Laudien, 2012. "The broken product chain: rapid paths of service internationalization in terms of the service-dominant logic," The Service Industries Journal, Taylor & Francis Journals, vol. 32(10), pages 1623-1635, January.
    11. Andrea Elteto & Katalin Antaloczy, 2002. "Outward foreign direct investment in Hungary - motivations and effects," IWE Working Papers 125, Institute for World Economics - Centre for Economic and Regional Studies.
    12. Calabrese, Giuseppe Giulio & Manello, Alessandro, 2018. "Firm internationalization and performance: Evidence for designing policies," Journal of Policy Modeling, Elsevier, vol. 40(6), pages 1221-1242.
    13. Edward Simon & Emmanuel Munishi & Dickson Pastory, 2022. "Local and International Factors Affecting Participation of Tanzanian Small and Medium Enterprises in Market Opportunity Brought by the African Growth and Opportunity Act (AGOA)," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(1), pages 1-68, January.
    14. Riku Laanti & Fred McDougall & Georges Baume, 2009. "How well do Traditional Theories Explain the Internationalisation of Service MNEs from Small and Open Economies? – Case: National Telecommunication Companies," Management International Review, Springer, vol. 49(1), pages 121-144, February.
    15. Adli Abouzeedan & Michael Busler, 2007. "‘Internetization Management’," Global Business Review, International Management Institute, vol. 8(2), pages 303-321, December.

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    Keywords

    International Development;

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