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We suggest that the proximity of a country to other countries is a factor that affects its choice as an MNE location. We introduce the concept of a country's proximity to the global distribution of knowledge, markets and resources, and frame this concept as a function of both geographic distance and the worldwide spatial distribution of these factors. We test our location model on a dataset comprising 138,050 investments undertaken by US MNEs worldwide. Our findings show that the proximity of adoi:10.2139/ssrn.1134422 fatcat:iy23epfeyrbwbhx7xrjylzpajy