This article aims to identify the differences between the Narula’s model regarding the five stages of investment development path and the economic reality. In other words, we try to determine if the model presented by Narula reflectes what is happening on the economic environment of a country...

The Uppsala internationalization process model is revisited in the light of changes in business and teoretical advances that have been made since 1977. Now the business environment is viewed as a web of relationship, a network, rather then as a neoclassical market with many independent suppliers...