Emerging Multinationals in Emerging Markets

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Ravi RamamurtiCambridge University PressEdition: Illustrated, 7/22/2010EAN 9780521160186, ISBN10: 0521160189Paperback, 460 pages, 22.9 x 15.2 x 2.6 cmLanguage: EnglishWhy have so m any 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 figuresList of tablesAbbreviationsList of contributorsAcknowledgementsPart I. Introduction1. Why study emerging market MNEs? Ravi Ramamurti2. Third world multinationalsa look back Louis T. Wells, Jr3. Theoretical aspects of MNEs from emerging markets Alan Rugman4. Does firm ownership matter? POEs vs. FOEs in the developing world Alice H. AmsdenPart II. Country Studies5. Chinese multinationalsemerging through new global gateways Peter Williamson and Ming Zeng6. Indian multinationalsgeneric internationalization strategies Ravi Ramamurti and Jitendra V. Singh7. Russian multinationalsnatural resource champions Daniel J. McCarthy, Sheila M. Puffer and Oleg S. Vikhanski8. Brazilian multinationalssurfing the waves of internationalization Afonso Fleury and Maria Tereza Leme Fleury9. South African multinationalsbuilding on a unique legacy Andrea Goldstein and Wilson Prichard10. Mexican multinationalslessons from Cemex Donald R. Lessard and Rafel Lucea11. Thai multinationalsstruggling to enter the big league Pavida Pananond12. Israeli multinationalscompeting from a small open economy Yair AharoniPart III. Conclusions13. What have we learned about emerging-market MNEs? Ravi RamamurtiIndex. Show more