International Business and Emerging Economies

Marin A. Marinov and Svetla T. Marinova

Chapter 1 in Impacts of Emerging Economies and Firms on International Business, 2012, pp 1-12 from Palgrave Macmillan

Abstract: Abstract The last 15 years have brought spectacular changes to the past economic poise. This fact has shifted the pattern of doing international business in a radical way, changing our approaches to it and the contexts in which business is done. As the developed world struggles to register negligible positive economic growth, many—mostly big—emerging economies have turned themselves into economic powerhouses of global business development. Brazil, Russia, India, and China (the BRIC countries) have become vastly export driven destinations of constantly augmented inward foreign direct investment (FDI) and providers of ever-increasing outflows of capital for mergers and acquisitions as well as greenfield investments all over the world reinforced by well-capitalized banking sectors. Predications are in line with recent developments that in the next few years more than 70 per cent of the world’s business growth will be generated by emerging economies (The Economist, 2010).

Keywords: Foreign Direct Investment; Gross Domestic Product; International Business; Corporate Entrepreneurship; Gross Domestic Product Growth (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03254-6_1

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DOI: 10.1057/9781137032546_1

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