This paper suggests that an unrecognized determinant of global expansion is the structure of the value chain, which is both country- and sector-specific. Value chain structure evolves in a path-dependent, country-specific way. Differences in vertical structures between countries predict the...

To advance the RBV we propose separation of necessary and additional conditions for the expression of SCA. We argue that there are only two necessary conditions, namely uncertainty and immobility and that all other conditions are additional. Copyright © 2003 John Wiley & Sons, Ltd.