The Rise of Transnational Corporations from Emerging Markets : Threat or Opportunity?
This insightful book shows that foreign direct investment (FDI) from emerging markets has grown from negligible amounts in the early 1980s to $210 billion in 2007, with the stock of investment now being well over $1 trillion. This reflects the rise of firms from these economies to become important players in the world FDI market. The contributors to this book comprehensively analyze the rise of emerging market TNCs, the salient features of the transnational activities of these firms, the relationship of outward FDI and the competitiveness of the firms involved, their impact on host and home countries and implications for the international law and policy system.
The subject of this study is both topical and important and poses a number of challenges that will require considerable policy attention in the future. It will appeal to academics interested in FDI as well as emerging markets. Karl P. Sauvant has gathered together a group of leading academics that makes this an informative and valuable read for anyone interested in the subject, including academics, students at all levels and private sector entities, as well as government officials dealing with outward FDI.
- Hardback | 416 pages
- 156 x 234 x 25.4mm | 748.43g
- 30 Sep 2008
- Edward Elgar Publishing Ltd
- Cheltenham, United Kingdom
- Annotated edition
Other books in this series
30 Jun 2009
01 Feb 2010
30 Sep 2008
Table of contents
Emerson de Almeida, David M. Schizer and Yiping Zhou
PART I: OVERVIEW
1. The Rise of TNCs from Emerging Markets: The Issues
Karl P. Sauvant
2. The Rise of TNCs from Emerging Markets: The Global Context
Jeffrey D. Sachs
PART II: EXPLORING THE GROWTH AND PATTERN OF OUTWARD FDI FROM DEVELOPING COUNTRIES
3. The Rise of TNCs from Emerging Markets: Challenges Faced by Firms from India
4. The Transnationalization of Supply Chain Management: The Experience of Brazilian Industrial Companies
Paulo T.V. Resende and Alvaro Bruno Cyrino
5. Do Firms from Emerging Markets have to Invest Abroad? Outward FDI and the Competitiveness of Firms
John Cantwell and Helena Barnard
6. How Global are TNCs from Emerging Markets?
7. Explaining China's Outward FDI: An Institutional Perspective
Peter J. Buckley, Jeremy L. Clegg, Adam R. Cross, Hinrich Voss, Mark Rhodes and Ping Zheng
8. Old Wine in New Bottles: A Comparison of Emerging-Market TNCs Today and Developed-Country TNCs Thirty Years Ago
John H. Dunning, Changsu Kim and Donghyun Park
PART III: WHAT'S IN IT FOR HOST COUNTRIES?
9. Who's Afraid of Emerging-Market TNCs? Or: Are Developing Countries Missing Something in the Globalization Debate?
10. Corporate Governance of Emerging-Market TNCs: Why Does it Matter?
11. Are Emerging-Market TNCs Sensitive to Corporate Responsibility Issues?
PART IV: WHAT'S IN IT FOR HOME COUNTRIES AND THE INTERNATIONAL COMMUNITY?
12. Outward FDI and the Economic Performance of Emerging Markets
Steven Globerman and Daniel M. Shapiro
13. What Policies Should Developing Country Governments Adopt Toward Outward FDI? Lessons from the Experience of Developed Countries
Theodore H. Moran
14. Will Emerging Markets Change their Attitude Toward an International Investment Regime?
Edward M. Graham
15. The Need for an Adequate International Framework for FDI
Joseph E. Stiglitz
PART V: CONCLUSION
16. The Rise of TNCs from Emerging Markets: Threat or Opportunity?
17. Outward Foreign Direct Investment from Emerging Markets: Annotated Bibliography
About Karl P. Sauvant