‘Emerging Multinationals’ in the Global Economy

Andrea Goldstein

Chapter 8 in Development Models, Globalization and Economies, 2006, pp 119-145 from Palgrave Macmillan

Abstract: Abstract Understanding domestic entrepreneurship and the private sector is key to strengthening productive and trade capacity in emerging, developing and transition economies. Although recent thinking on this subject has put great emphasis on the informal economy, on the development of small- and medium-sized enterprises, and on the participation in global production networks, it is doubtful that sustainable and high growth can be achieved without a flourishing domestic ‘big business’. It is through this typology of firms that organizational and managerial knowledge is acquired, new products and processes are developed, and promising market opportunities are pursued.

Keywords: Foreign Direct Investment; Global Economy; Business Group; International Expansion; Outward Foreign Direct Investment (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52355-5_8

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DOI: 10.1057/9780230523555_8

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