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Emerging Multinationals in Emerging Markets Summary: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. Ravi Ramamurti is CBA Distinguished Professor of InternationalBusiness and Director of the Center 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 Please select one mirror to download
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