Emerging Multinationals in Emerging Markets

by 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 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.
  • Cambridge University Press; April 2009
  • ISBN: 9780511530524
  • Read online, or download in secure PDF or secure ePub format
  • Title: Emerging Multinationals in Emerging Markets
  • Author: Ravi Ramamurti (ed.); Jitendra V. Singh (ed.)
  • Imprint: Cambridge University Press

In The Press

'This volume is an excellent contribution to the literature on emerging multinationals. But what I particularly liked about this particular group of essays was that, following four carefully written and analytical robust chapters on the origin and determinants of the foreign activities of emerging MNEs, there followed eight quite distinctive and original case studies of those new forms of investment by particular home countries. Inter alia these revealed that each emerging country has its own particular reasons and agenda for investing outside its national boundaries. Altogether, I found this a first rate and eminently readable group of essays. The volume deserves the widest attention of government, the business community, and academic scholars alike.' John H. Dunning, Rutgers University and Reading University