This comprehensive study of the rise of multinational corporations from emerging economies explores the basis of their success. Andrea Goldstein argues that the history of multinational business offers valuable lessons for the present and shows how emerging multinationals are embedded in dense political, social and ethnic networks.

'This book contributes to a better understanding of the new geography of Foreign Direct Investment. It documents that developing economies are already playing a very important role in this context. It is valuable reading for global players interested in the determinants of South-North gross investment flows'. - Carlo De Benedetti, Chairman of COFIDE, Italy, and Executive Chairman of CIR, Italy.

'This is an excellent piece of work, carefully constructed with a good balance between theory, empirical research and policy implications'. - John H. Dunning, Emeritus Professor of International Business, University of Reading, UK, and State of New Jersey Professor of International Business at Rutgers University, USA.

'...probably the most comprehensive (and in any event best!) piece on that subject matter.' - Karl P. Sauvant, Executive Director of the Columbia Program on International Investment, USA.

'I have read this well-researched, excellent contribution to the literature on emerging multinationals with the greatest interest. I was delighted to see the way the author has sought to penetrate the 'corporate veils'. His research on emerging multinationals breaks new ground.' - Mira Wilkins, Professor of Economics, Florida International University, USA.

Autorentext
ANDREA GOLDSTEIN is Senior Economist at the OECD Development Centre, France. He was previously at the World Bank Group, the OECD Economics Department and the Italian Securities and Exchange Commission.

Inhalt
Introduction Trends in 'Southern' Outward FDI Towards an Industry Categorization The New Asian Multinationals 'Multilatinas' Extant Theories and Their Relevance to EMNCs The Role of Governments Some Key Questions Consequences for OECD Governments, Firms and Workers Conclusions: The Way Ahead