Many developing countries are looking to tourism as an avenue for economic and human development, and foreign direct investment (FDI) is one of the routes through which they can carry out tourism. This study highlights the main findings with respect to the development impacts of foreign direct...

We use the rise of emerging-market multinationals as a vehicle to explore how a firm’s country of origin influences its internationalization. We argue that the home-country’s institutional and economic underdevelopment can influence the internationalization of firms in two ways. First,...