The same arguments apply in emerging markets. What nations care about is the intellectual property of the nation, and this is resident in the minds and skills of the people. Arguably, some entrepreneurial returns of the enterprise belong to a nation too, but never confuse this with control. I know well, operate in countries all over the world. The alternative is, frankly, local control of a necessarily weaker enterprise.
Control is an abstract and a false theory, with no practicable meaning in everyday life.
In most cases, multinationals set higher standards in local economies. They characteristically pay more and train more. Many, my own included, have gone to globally uniform standards for environment, health and safety. And in a number of our foreign plants, including in emerging markets, our environmental, health and safety performance exceeds that in our plants back home. To close these remarks, foreign direct investment is the most powerful force in our 21st century economic world.