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The internationalization of the Spanish automobile industry is the most recent major example of the takeover of an industry by foreign business interests. A growth theory model was developed as an alternative to transactional arguments to explain the process of internationalization using the Spanish automobile industry experience. Growth theory explains internationalization as the extension of production into peripheral areas, taking into consideration the strong effects of key investments and strategic behavior of production firms., Lagendijk A. (1995) The foreign takeover of the Spanish automobile industry: a growth analysis of internationalization, Reg. Studies 29, 381-393. As an alternative to the transaction-based explanations, internationalization of production [...]