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Multinational Companies from Emerging Economies Composition, Conceptualization & Direction in the Global Economy

Indian Journal of Industrial Relations

Volume 45 Issue 1

Published: 2009
Author(s) Name: Andrea Goldstein
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Abstract

The rise of multinational corporations from emerging economies is a distinctive facet of the current globalization wave, with important implications for our understanding of the world economy, global business and international political economy. Andrea Goldstein shows that the need to compete internationally and acquire the necessary competencies and assets is the force that drives firms to invest abroad at an early stage of their history. In so far as emerging multinationals are embedded in dense political, social and ethnic networks, the history of multinational business offers valuable lessons for the present. Keywords : Rise if multinational corporations, Emerging economies

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