Impacts of Emerging Economies and Firms on International Business: Foreword
- Impacts of Emerging Economies and Firms on International Business: Foreword
- Sauvant, Karl P.
- Chapters (layout features)
Vale Columbia Center on Sustainable International Investment
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- Book/Journal Title:
- Impacts of Emerging Economies and Firms on International Business
- Geographic Area:
- Developing countries
- Book Author:
- Marinov, Marin A.
Marinova, Svetla T.
- Palgrave Macmillan UK
- The rise of emerging markets has not only made them more attractive for inward foreign direct investment (FDI) (they account now for more than half of global inward FDI flows) but allowed firms in these countries to become competitive enough to become important players in the global outward FDI market. Unsurprisingly, firms from Brazil, Russia, India, and China (the BRICs countries) play a key role in this process. While this is not a new phenomenon, as a number of firms from emerging markets have long invested abroad, it is only in the past decade that firms based in these economies have become significant outward investors: in 2011, over 30,000 multinational enterprises (MNEs--firms controlling assets abroad) based in emerging markets invested $430 billion abroad, slightly more than a quarter of world FDI outflows. The stock of this investment now amounts to nearly $4 trillion-a substantial amount.
- International business enterprises
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- Suggested Citation:
- Karl P. Sauvant, 2012, Impacts of Emerging Economies and Firms on International Business: Foreword, Columbia University Academic Commons, https://doi.org/10.7916/D84J0KTK.