Multinational companies from emerging economies : composition, conceptualization and direction in the global economy / Andrea Goldstein ; foreword by Louis T. Wells.

Format:

Book

Author/Creator:

Goldstein, Andrea E.

Series:

International political economy series (Palgrave Macmillan (Firm))

International political economy series

Language:

English

Subjects (All):

International business enterprises--Developing countries.

International business enterprises.

Developing countries.

Physical Description:

xxiii, 205 pages : illustrations ; 23 cm.

Place of Publication:

Basingstoke [England] ; New York : Palgrave Macmillan, 2007.

Summary:

A number of multinational corporations (MNCs) from developing economies are becoming key players in the global economy. The world's second-largest forgings-maker comes from India; the biggest Nordic insurer was bought by a South African competitor; a Mexican company reinvented the global cement business; and Brazilian restaurant chains sponsor immigration visas for meat carvers to support their American expansions. Understanding these trends and their implications is a priority for academics, policy-makers and business professionals alike. Do these developments vindicate the view that globalization opens up unprecedented opportunities for the South to catch up with the North? Are these 'emerging MNCs' any different from their competitors from industrial countries? Does private sector direct engagement herald a new era for South-South cooperation? As this book shows, emerging MNCs must be analyzed in the context of the global political economy.

Contents:

2 Trends in Southern OFDI 7

2.1 What is corporate nationality? 7

2.2 The quality of the data 10

2.3 Aggregate statistics 11

2.4 The geography of investment 15

2.5 Enterprise data 24

3 Toward an Industry Categorization 31

3.2 EMNCs in oil and gas 33

3.3 EMNCs in non-financial services 40

4 The New Asian Multinationals 52

4.1 Asian Tiger multinationals 52

4.2 Nurturing and sustaining competencies in Chinese MNCs 61

5 Multilatinas 67

5.1 The early phase 67

5.2 The consequences of market reforms 68

6 Existing Theories and Their Relevance to EMNCs 74

6.1 The monopolistic advantage and the product lifecycle 74

6.2 Behavioral models 77

6.3 The eclectic paradigm - ownership, location, internalization 79

6.4 Dynamic capabilities and the resource-based view 84

6.5 Conglomeration and internationalization 87

7 The Role of Governments 94

7.1 The role of support policies 94

7.2 The role of competition policies 99

7.3 The role of international policies 102

7.4 The political economy of EMNCs 104

8 Some Key Questions 117

8.1 The role of diaspora entrepreneurship in homeland FDI 117

8.2 The challenge of multinational management 122

8.3 Financial market issues 127

8.4 The impact on the host economies 130

9 Consequences for OECD Governments, Firms, and Workers 136

9.1 Motivations and entry modes 136

9.2 Performance 139

9.3 The risk of protectionism 142

9.4 Proactive strategies 144

9.5 A complex issue 146

10 Conclusions - The Way Ahead 148

Appendix 1 Selected EMNCs' acquisitions in the OECD market 153

Appendix 2 Representative disputes between EMNCs and host governments in developing countries 165

Company Names Index 199.

Notes:

Includes bibliographical references (pages 181-198) and indexes.

ISBN:

9780230007048

023000704X

OCLC:

77520508

Online:

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