Toward a geocentric theory of multinational evolution: The implications from the Asian MNEs as latecomers

Despite their growing proliferation and importance, the multinational enterprises (MNEs) from the developing countries have not received adequate attention. Further, there is a growing concern with the validity of the extant MNE theories in the context of globalization and network. This paper seeks to address two questions: (1) how much can we apply the extant MNE theories (which are built on the evidence from the developed countries) to the MNEs from the developing countries as latecomers; and (2) how much can the evidence of the MNEs from the developing countries as latecomers offer to modify and enhance the extant MNE theories. The evidence of one longitudinal embedded case study shows that the extant MNE theories need modifications (so as to apply to the MNEs from the developing countries as latecomers) and enhancements (so as to better explain all MNEs). Also discussed are the significant implications for further theory building with regard to MNEs in the context of globalization and network.