A Pipe Dream Come True: The International Expansion of the Hume Pipe Company in the 1920s

Author(s): Emerson-Elliott, Richard

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Abstract This article analyses the motivations behind the international expansion of the Hume Pipe Company in the 1920s. As one of a limited number of Australian manufacturers engaged in foreign direct investment prior to World War II, Hume provides an interesting insight into the characteristics of early Australian multinational enterprises. Using Dunning's eclectic paradigm, the article finds that Hume held a number of competitive advantages that made international expansion possible, but it was not until the firm had recognised the advantages of internalising its operations, and had acquired sufficient resources to enable it to do so, that FDI was utilised. (Original abstract)
Publication Title Business History
Publisher Taylor & Francis Ltd
Publication Date 10/2004
URIs http://www.tandfonline.com/doi/abs/10.1080/0007679042000231838
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=SerialsSolutions&SrcApp=Summon&KeyUT=000224204100003&DestLinkType=FullRecord&DestApp=WOS
http://econpapers.repec.org/article/tafbushst/v_3a46_3ay_3a2004_3ai_3a4_3ap_3a544-567.htm
http://search.proquest.com/docview/200016486
Keywords ADVANTAGE
Australia
BUSINESS
Business studies
Corporate histories
DIRECT INVESTMENTS
Economic History: Manufacturing and Construction: Africa, Oceania (N67)
Economic History: Transport, Trade, Energy, Technology, and Other Services: Africa, Oceania (N77)
Economic growth
Economic history
Economics
Expansion
FIRM
Foreign Direct Investment
Foreign investment
HISTORY OF SOCIAL SCIENCES
History 20th century
Hume Pipe Company
International Investment, Long-term Capital Movements (F21)
Manufacturers
Metals and Metal Products, Cement, Glass, Ceramics (L61)
Micro-Business History: Africa, Oceania (N87)
Multinational
Multinational Firms, International Business (F23)
Multinational corporations
Multinational enterprises
Oceania
Overseas investment
Pipes
Small and medium sized enterprises
Studies
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