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A neglected FDI contribution – Arne Lund (1944)

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  • Kurt Pedersen, Denmark
  • Jesper Strandskov, Faculty of Social Science, University of South Denmark, Denmark
  • The Study Committee for Economics and Management
  • Department of Management
From the 1960s a number of theories developed dealing with the concepts
of Foreign Direct Investment and Multi-National Enterprises. Much of the new theorising
was subsequently integrated into John Dunning’s »eclectic paradigm« which still
today takes a central position in the business theory of international production. Significant
parts of the contributions to the theories of foreign direct investments had, however,
been presented in a coherent and systematic way by the Danish economist Arne Lund
in an article in Nationaløkonomisk Tidsskrift in 1944. The purpose of this paper is to
present Lund’s argumentation and give Lund’s article, and not least its understanding of
entrepreneurship and business dynamics, the recognition it deserves as an early and
sophisticated contribution to the theory of foreign international investments.
Original languageEnglish
JournalNationaloekonomisk Tidsskrift
Volume148
Pages (from-to)193-211
ISSN0028-0453
Publication statusPublished - 2010

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