The Rise of Transnational Corporations From Emerging Markets: Threat or Opportunity (Studies in International Investment)

This comprehensive analysis deals with the range of issues raised by the rise of transnational corporations from emerging markets. 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. 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.--book Jacket. Foreword / Supachai Panitchpakdi -- Preface / Emerson De Almeida, David M. Schizer And Yiping Zhou -- Acknowledgements / Karl P. Sauvant, Kristin Mendoza And Irmak Ince -- Pt. I. Overview -- 1. Rise Of Tncs From Emerging Markets: The Issues / Karl P. Sauvant -- 2. Rise Of Tncs From Emerging Markets: The Global Context / Jeffrey D. Sachs -- Pt. Ii. Exploring The Growth And Pattern Of Outward Fdi From Developing Countries -- 3. Rise Of Tncs From Emerging Markets: Challenges Faced By Firms From India / Ravi Kant -- 4. 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? / Alan Rugman --^ 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 -- Pt. 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? / Andrea Goldstein -- 10. Corporate Governance Of Emerging-market Tncs: Why Does It Matter? / Rainer Geiger -- 11. Are Emerging-market Tncs Sensitive To Corporate Responsibility Issues? / Carrie Hall -- Pt. 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. Need For An Adequate International Framework For Fdi / Joseph E. Stiglitz -- Pt. V. Conclusion -- 16. Rise Of Tncs From Emerging Markets: Threat Or Opportunity? / Lorraine Eden -- 17. Outward Foreign Direct Investment From Emerging Markets: Annotated Bibliography / Zenaida Hernandez. Edited By Karl P. Sauvant ; With Kristin Mendoza And Irmak Ince. Includes Bibliographical References (p.339-373) And Index. This comprehensive analysis deals with the range of issues raised by the rise of transnational corporations from emerging markets. 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