Academic Commons

Chapters (layout features)

Impacts of Emerging Economies and Firms on International Business: Foreword

Sauvant, Karl P.

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.

Files

  • thumnail for sauvant_foreword_impacts.pdf sauvant_foreword_impacts.pdf application/pdf 560 KB Download File

More Information

Published In
Impacts of Emerging Economies and Firms on International Business
Publisher DOI
https://doi.org/10.1057/9781137032546
Pages
xii - xiv
Publisher
Palgrave Macmillan UK
Academic Units
Law
Vale Columbia Center on Sustainable International Investment
Academic Commons provides global access to research and scholarship produced at Columbia University, Barnard College, Teachers College, Union Theological Seminary and Jewish Theological Seminary. Academic Commons is managed by the Columbia University Libraries.