Multinational Companies from Emerging Economies
Subtitle: Composition, Conceptualization and Direction in the Global Economy (International Political Economy)
Publisher: Palgrave Macmillan
Published: June 12, 2007
Language: eng
Format: Hardcover
Number of pages: 208
ISBN-13: 9780230007048
Subjects: Development economics; Political economy; Multinational Enterprise; Business & Economics; Business / Economics / Finance; Business/Economics; Development - Business Development; Development - Economic Development; International - Economics; Political Science / Globalization; Globalization; International - General; Developing countries; International business enterprises
Description: A number of multinational corporations (MNCs) from developing economies are becoming key players in the global economy. The world's second-largest forgings-maker comes from India; the biggest Nordic insurer was bought by a South African competitor; a Mexican company reinvented the global cement business; and Brazilian restaurant chains sponsor immigration visas for highly-skilled meat carvers to support their American expansions. Understanding these trends and their implications is a priority for academics, policy-makers and business professionals alike. Do these developments vindicate the view that globalization opens up unprecedented opportunities for the South to catch up with the North? Are these "emerging MNCs" any different from their competitors from industrial countries? Does private sector direct engagement herald a new era for South-South cooperation? As this book shows, emerging MNCs must be analyzed in the context of the global political economy.