Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- List of abbreviations
- List of contributors
- Acknowledgments
- Part I Introduction
- 1 Why study emerging-market multinationals?
- 2 Third World multinationals: A look back
- 3 Theoretical aspects of MNEs from emerging economies
- 4 Does firm ownership matter? POEs vs. FOEs in the developing world
- Part II Country Studies
- Part III Conclusions
- Index
- References
1 - Why study emerging-market multinationals?
from Part I - Introduction
Published online by Cambridge University Press: 03 July 2009
Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- List of abbreviations
- List of contributors
- Acknowledgments
- Part I Introduction
- 1 Why study emerging-market multinationals?
- 2 Third World multinationals: A look back
- 3 Theoretical aspects of MNEs from emerging economies
- 4 Does firm ownership matter? POEs vs. FOEs in the developing world
- Part II Country Studies
- Part III Conclusions
- Index
- References
Summary
As developing and transition economies opened up to the global economy in recent years, a number of local firms not only survived the battle for markets at home, they expanded internationally through exports and foreign direct investment (FDI) to become fledgling multinational enterprises (MNEs) in their own right. By 2007, the more prominent emerging-market MNEs (hereafter referred to as EMNEs) included firms such as China's Huawei in telecommunications equipment, Mexico's Cemex in cement, Russia's Gazprom in energy, India's Tata Consultancy Services in information technology (IT) services, and Brazil's Embraer in regional jets. Many more firms in emerging economies were preparing to go down the same path in the future. Business magazines, such as BusinessWeek (2006) and the Economist (2007), trumpeted this trend with cover stories on “emerging giants” or “globalization's offspring” and illustrated the disruptive effects EMNEs were having on established Western multinationals. Consulting companies, such as McKinsey & Co. and the Boston Consulting Group (BCG), also took notice of these potential clients. There was a parallel increase in studies on EMNEs by international business (IB) scholars, although no consensus emerged on whether and how EMNEs differed from multinationals that had come before.
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- Information
- Emerging Multinationals in Emerging Markets , pp. 3 - 22Publisher: Cambridge University PressPrint publication year: 2009
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