Emerging Multinationals in Emerging Markets

by Edited by Ravi Ramamurti , Jitendra V. Singh

• ISBN13: 9780521513869
• ISBN10: 0521513863
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-04-27
• Publisher: Cambridge University Press

Summary

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.

Table of Contents

List of figures	p. xi
List of tables	p. xiii
List of abbreviations	p. xv
List of contributors	p. xvii
Acknowledgments	p. xix
Introduction	p. 1
Why study emerging-market multinationals?	p. 3
Third World multinationals: A look back	p. 23
Theoretical aspects of MNEs from emerging economies	p. 42
Does firm ownership matter? POEs vs. FOEs in the developing world	p. 64
Country studies	p. 79
Chinese multinationals: Emerging through new global gateways	p. 81
Indian multinationals: Generic internationalization strategies	p. 110
Russian multinationals: Natural resource champions	p. 167
Brazilian multinationals: Surfing the waves of internationalization	p. 200
South African multinationals: Building on a unique legacy	p. 244
Mexican multinationals: Insights from CEMEX	p. 280
Thai multinationals: Entering the big league	p. 312
Israeli multinationals: Competing from a small open economy	p. 352
Conclusions	p. 397
What have we learned about emerging-market MNEs?	p. 399
Index	p. 427
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