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... > social science subjects > business and management > international business > economics of international business > economic theories of international business > monopolistic advantage theory

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monopolistic advantage theory  

Definition

  • 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]

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https://concepts.sagepub.com/social-science/concept/monopolistic_advantage_theory

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