Abstract
Two recent publications by Kiyoshi Kojima (1989) (1990) present an opportunity to assess the development of his thought and to contrast it with developments in the mainstream or core theory of international business and the multinational enterprise (Buckley, 1990). Japanese Direct Investment Abroad represents a compilation of Kojima’s thought up to the end of 1987 and the 1989 article extends his work. It also contains further criticisms of the theory of internalisation.
An earlier version of this paper was presented as a response to Kojima to the Conference MNEs and 21st Century Scenarios organised by The Workshop for the Studies of Multinational Enterprise, Tokyo, 4–6 July 1990. I am grateful to the participants for their constructive comments and for later comments from Mark Casson, Hafiz Mirza and John Stopford.
Hitotsubashi Journal of Economics, Vol. 32, No. 2, December 1991, pp. 368–74 (reprinted by permission of the Hitotsubashi Academy, Hitotsubashi University).
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© 1995 Peter J. Buckley
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Buckley, P.J. (1995). Kojima’s Theory of Japanese Foreign Direct Investment Revisited. In: Foreign Direct Investment and Multinational Enterprises. Palgrave Macmillan, London. https://doi.org/10.1057/9780230378513_3
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DOI: https://doi.org/10.1057/9780230378513_3
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