The making of national giants: technology and governments shaping the international expansion of oil companies from Brazil and China

Flavia Pereira de Carvalho () and Andrea Goldstein ()
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Flavia Pereira de Carvalho: UNU-MERIT
Andrea Goldstein: OECD Development Centre

No 2008-021, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: This chapter analyses foreign direct investments (henceforth FDI) in the oil industry from two large emerging economies, Brazil and China, with the purpose to understand the role of Governments and technology in the internationalisation strategies of those firms. The chapter shows that the Brazilian oil company, Petrobras, internationalised in the 1970s in order to secure oil resources, and throughout time developed technological capabilities that explain its current success and worldwide expansion. Chinese firms have risen later and are making their outward moves in order to catch up technologically with the world's leading firms.

Keywords: multinational corporations; emerging economies; oil companies; technology; technological exploitation; competitive advantages. (search for similar items in EconPapers)
JEL-codes: F23 O25 O38 O57 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2008021

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