(DOWNLOAD) "Internationalization of Emerging Economy Firms--Need for New Theorizing." by Indian Journal of Industrial Relations # eBook PDF Kindle ePub Free
eBook details
- Title: Internationalization of Emerging Economy Firms--Need for New Theorizing.
- Author : Indian Journal of Industrial Relations
- Release Date : January 01, 2009
- Genre: Finance,Books,Business & Personal Finance,
- Pages : * pages
- Size : 277 KB
Description
Emergence of Third World MNCs The emergence of firms from developing countries as important players in global markets has been a distinctive phenomenon of globalization in the twenty first century. Not only have the emerging market economies (1) been among the top destinations for foreign direct investment (FDI), but the outward FDI flows from these economies have also been growing steadily. FDI from emerging economies accounted for 17% of world outward flows at US $133 billion in 2005 (UNCTAD 2006). The value of the stock of FDI from emerging economies was about $1.4 trillion in 2005 constituting around 13% of the world total. All these have resulted in a resurgence of interest in internationalizing firms from emerging economies, a number of which have been transforming themselves into 'third orld multinationals or TMNCs' (Wells 1983).
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