ABSTRACT
Firms from transition economies are not completely newcomers in the field of outward internationalization. Few among them already became global players; many are more regional multinationals. Globalization has recently pulled their activities out from national markets, particularly those from small economies and increasingly more in advanced forms of international economic involvement, such as outward FDI. Small domestic markets and transition have pushed this process in parallel with strengthening of firms’ internal capabilities and capacities, which enabled them to jump over theoretically predicted sequential patterns of internationalization and become what we call leapfrogging stage model or leapfrogging multinationals.
