This is a particularly important gap in the
literature given that over recent years foreign direct investment (FDI) from developing
countries has increased at a faster pace than FDI from developed countries. Thus, the
growing activities of MNEs from developing countries raise an important question regarding
their sources of international competitiveness given that the institutional and economic
context within which these firms develop and grow are different from those in developed
countries. The rapid emergence and growth of information technology service providers from
India is a case in point.