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administration cost 24 Internalization Theory165。Opportunism165。1937 Coarse The Nature of the Firms165。location23 Oligopolistic reaction 165。FDI vs export or licensing165。 Market imperfection22 Deficiency 165。Market Advantage22 Monopolistic Advantage 165。managerial skills 165。Background22 Monopolistic Advantage 165。Stephen 165。Portfolio investment and FDI—same direction165。Capitalabundant—capitalscarce countries 164。Background165。Vertical Direct Investment164。Horizontal Direct Investment164。Flow: Amount of FDI over a period of time (one year).165。The Product Lif