The flattening global supply chain with its attendant opportunities and challenges for individual economies and the globe at large, will continue to make organization, economies and regions seek strategies like internationalization and local content development in order to gain competitive advantage over others. Strangely, there are different perspectives and positions about these strategies. Some local content development and internationalization policies in emerging or developing economies have the tendency to suppress the company¿s or nation¿s potentials, and slow down global economic growth. Developing and emerging economies believe that local content development is the only faithful industrial and economic catch-up strategy, and never intended against the prosperity of developed nations. Developed countries forget that they used content protection in some stages of their development, and argue that it does not allow for fair competition and internationalization of companies. The researcher has adopted a single case study research method with multiple sample points to investigate the linkage between local content development and internationalization in a developing economy.