Emerging Market Global Players: The Case of Brazil, China and South Africa

Henri Bezuidenhout, Gabriel Mhonyera, Jacob Van Rensburg, Hsia Hua Sheng, José Marcos Carrera and Xinjian Cui
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Henri Bezuidenhout: School of Economics, North-West University, Potchefstroom 2531, South Africa
Gabriel Mhonyera: School of Economics, North-West University, Potchefstroom 2531, South Africa
Jacob Van Rensburg: School of Economics, North-West University, Potchefstroom 2531, South Africa
Hsia Hua Sheng: Department of Finance, Fundação Getulio Vargas, São Paulo 01000-000, Brazil
José Marcos Carrera: Department of Finance, Fundação Getulio Vargas, São Paulo 01000-000, Brazil
Xinjian Cui: Business School, Central University of Finance and Economics, Beijing 100081, China

Sustainability, 2021, vol. 13, issue 21, 1-19

Abstract: A remarkable proliferation in the number of non-financial emerging multinational enterprises (NFEMNEs) and their share in the aggregate outward foreign direct investment (OFDI), along with the complexity of their FDI activities, has been witnessed over the past decades. Consequently, considerable interest has been generated within and among countries regarding the implications of these relatively new significant emerging global players for a range of economic and policy issues. In order to understand the gaps in knowledge pertaining to their identities, activities and impacts, this article employs the results of our 2015 emerging markets global players (EMGP) reports to make logical and informed insinuations about the structure and profile of NFEMNEs originating from China, Brazil and South Africa, the largest emerging markets in Asia, Latin America and Africa. We also synthesise and compare the outcomes of the 2015 EMGP reports of these OFDI home countries. We find the existence of a pattern in the ranked top NFEMNEs, from each country, in terms of industry sectors, regionalism and national bias. Furthermore, we establish that the respective NFEMNEs participated in international markets to pursue larger markets, natural resources and strategic assets and were not crowded out of their domestic markets by inward FDI.

Keywords: Brazil; China; emerging multinational enterprises; foreign direct investment; South Africa (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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