Liability of Foreignness and Location-Specific Advantages: Time, Space and Relative Advantage

Sjoerd Beugelsdijk

doi:10.1108/S1571-5027(2011)0000024015

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Advances in International Management

ISSN: 1571-5027
Series editor(s): Timothy Devinney, Torben Pedersen and Laszlo Tihanyi

Subject Area: International Business

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Liability of Foreignness and Location-Specific Advantages: Time, Space and Relative Advantage

Document Information:
Title:	Liability of Foreignness and Location-Specific Advantages: Time, Space and Relative Advantage
Author(s):	Sjoerd Beugelsdijk
Volume:	24 Editor(s): Christian Geisler Asmussen, Torben Pedersen, Timothy M. Devinney, Laszlo Tihanyi ISBN: 978-0-85724-991-3 eISBN: 978-0-85724-992-0
Citation:	Sjoerd Beugelsdijk (2011), Liability of Foreignness and Location-Specific Advantages: Time, Space and Relative Advantage, in Christian Geisler Asmussen, Torben Pedersen, Timothy M. Devinney, Laszlo Tihanyi (ed.) Dynamics of Globalization: Location-Specific Advantages or Liabilities of Foreignness? (Advances in International Management, Volume 24), Emerald Group Publishing Limited, pp.181-210
DOI:	10.1108/S1571-5027(2011)0000024015 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Article type:	Chapter Item
Abstract:	Location-specific advantages (LSA) and the liability of foreignness (LOF) are key concepts in international business and management research. To combine these concepts in a systematic framework, I develop a two-by-two matrix focusing on the nature of International Business (IB) research using four key terms: firm, context, comparative and interactive. This framework serves as a heuristic device in describing three main challenges IB scholars face when advancing the role of LOF and LSAs. These challenges relate to our understanding of the nature of relative advantage, to the development of a dynamic (so-called non-ergodic) world view and to the inclusion of the relevant spatial heterogeneity.