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date: 27 February 2020

Abstract and Keywords

This article provides an overview of the activities of multinational enterprises (MNEs) in Asia. It explores ways through which MNEs impact upon and shape local business systems in Asian countries. Key theoretical concepts are drawn from the international business, institutions and comparative business systems literature. The focus lies on East and South East Asian countries that are the main recipients to FDI. This article contributes to the literature on business systems and varieties of capitalism by demonstrating how MNEs alter local business systems, and reviewing studies on international strategies, business networks, spillovers, and linkages. It ends with suggestions related to particular types and interactions of home/host country institutions, the form and effectiveness of MNE strategies, and the resulting impact on host Asian economies.

Keywords: MNEs, Asia, business systems, varieties of capitalism, institutions, FDI, business networks, spillovers, linkages

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