ABSTRACT
This paper argues that in the context of globalization, multinationals have become much more common. As a consequence, multinational operations may not only aim at exploiting competitive advantages, but can also be part of a strategy to overcome weaknesses, and in particular to source technological resources abroad. The second section discusses this evolution and considers the relevant theoretical developments, and the third section tests this hypothesis for Korean ODI in the United States, which is a particularly relevant case. The conclusion considers implications for the theory of multinational firms.
