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Full Description
Why have so many firms in emerging economies internationalized quite aggressively in the last decade? What competitive advantages do these firms enjoy and what are the origins of those advantages? Through what strategies have they built their global presence? How is their internationalization affecting Western rivals? And, finally, what does all this mean for mainstream international business theory? In Emerging Multinationals in Emerging Markets, a distinguished group of international business scholars tackle these questions based on a shared research design. The heart of the book contains detailed studies of emerging-market multinationals (EMNEs) from the BRIC economies, plus Israel, Mexico, South Africa, and Thailand. The studies show that EMNEs come in many shapes and sizes, depending on the home-country context. Furthermore, EMNEs leverage distinctive competitive advantages and pursue distinctive internationalization paths. This timely analysis of EMNEs promises to enrich mainstream models of how firms internationalize in today's global economy.
Contents
List of figures; List of tables; Abbreviations; List of contributors; Acknowledgements; Part I. Introduction: 1. Why study emerging market MNEs? Ravi Ramamurti; 2. Third world multinationals: a look back Louis T. Wells, Jr; 3. Theoretical aspects of MNEs from emerging markets Alan Rugman; 4. Does firm ownership matter? POEs vs. FOEs in the developing world Alice H. Amsden; Part II. Country Studies: 5. Chinese multinationals: emerging through new global gateways Peter Williamson and Ming Zeng; 6. Indian multinationals: generic internationalization strategies Ravi Ramamurti and Jitendra V. Singh; 7. Russian multinationals: natural resource champions Daniel J. McCarthy, Sheila M. Puffer and Oleg S. Vikhanski; 8. Brazilian multinationals: surfing the waves of internationalization Afonso Fleury and Maria Tereza Leme Fleury; 9. South African multinationals: building on a unique legacy Andrea Goldstein and Wilson Prichard; 10. Mexican multinationals: lessons from Cemex Donald R. Lessard and Rafel Lucea; 11. Thai multinationals: struggling to enter the big league Pavida Pananond; 12. Israeli multinationals: competing from a small open economy Yair Aharoni; Part III. Conclusions: 13. What have we learned about emerging-market MNEs? Ravi Ramamurti; Index.
