Emerging Multinationals in Emerging Markets

A distinguished group of international business scholars explore how firms internationalize in today's global economy.

Ravi Ramamurti (Edited by), Jitendra V. Singh (Edited by)

9780521160186, Cambridge University Press

Paperback, published 22 July 2010

460 pages, 27 b/w illus. 32 tables
22.4 x 15 x 2.3 cm, 0.73 kg

'… provides a starting point for future research, theoretically and empirically, on a number of important issues, among which are how EM MNEs successfully enter into the desired markets and compete against powerful counterparts from developed countries and what unique strategies and practices they adopt to leverage their strengths, mitigate their weaknesses, and foster their evolution in the increasingly integrated yet significantly differentiated world.' Administrative Science Quarterly

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.

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.

Subject Areas: International business [KJK], Entrepreneurship [KJH], Business & management [KJ]