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Emerging Multinationals in Emerging Markets

Posted on 2010-04-13




Name:Emerging Multinationals in Emerging Markets
ASIN/ISBN:0521513863
Language:English
File size:1.4 Mb
Language: English
Publish Date: 2009-04-27
ISBN: 0521513863
Pages: 460 pages
File Type: PDF
File Size: 1,4 MB
Other Info: Cambridge University Press
   Emerging Multinationals in Emerging Markets

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Ravi Ramamurti, Jitendra V. Singh ""

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 , 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.

Ravi Ramamurti is CBA Distinguished Professor of International

Business and Director of the left for Emerging Markets at Northeastern

University, Boston.

Jitendra V. Singh is Saul P. Steinberg Professor of Management at the

Wharton School, University of Pennsylvania. From 2007 to 2009, he was

Dean, Shaw Foundation Chair, and Professor of Strategy, Management,

and Organization at the Nanyang Business School, Singapore.

Contents

List of figures page xi

List of tables xiii

List of abbreviations xv

List of contributors xvii

Acknowledgments xix

Part I Introduction 1

1 Why study emerging-market multinationals? 3

ravi ramamurti

2 Third World multinationals: A look back 23

louis t. wells jr.

3 Theoretical aspects of MNEs from emerging economies 42

alan m. rugman

4 Does firm ownership matter? POEs vs. FOEs in

the developing world 64

alice h. amsden

Part II Country studies 79

5 Chinese multinationals: Emerging through new

global gateways 81

peter j. williamson and ming zeng

6 Indian multinationals: Generic internationalization

strategies 110

ravi ramamurti and jitendra v. singh

7 Russian multinationals: Natural resource champions 167

daniel j . mccarthy, sheila m. puffer,

and oleg s. vikhanski

8 Brazilian multinationals: Surfing the waves of

internationalization 200

afonso fleury and maria tereza leme fleury

9 South African multinationals: Building on a unique legacy 244

andrea goldstein and wilson prichard

10 Mexican multinationals: Insights from CEMEX 280

donald r. lessard and rafel lucea

11 Thai multinationals: Entering the big league 312

pavida pananond

12 Israeli multinationals: Competing from a small

open economy 352

yair aharoni

Part III Conclusions 397

13 What have we learned about emerging-market MNEs? 399

ravi ramamurti

Index 427

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