EconPapers    
Economics at your fingertips  
 

Drivers of internationalisation of companies from emerging economies: comparing Petrobras (Brazil) and PDVSA (Venezuela)

Andrea Goldstein and Cesar Baena

International Journal of Technological Learning, Innovation and Development, 2010, vol. 3, issue 4, 392-407

Abstract: The history of the global oil industry is essential to understand the rise of multinational enterprises. Petrobras, in particular, has started to exploit in international markets the world-class technology it developed to exploit deepwater oil fields. PDVSA, on the other hand, has focused its international expansion strategy in building a network of refineries in key consuming markets. This paper examines the cases of Petrobras and PDVSA. The Petrobras experience confirms that the rise of emerging economies is leading to a transformation in global business in which foreign direct investment is driven not only by the exploitation of traditional firm-specific competencies, but also by the exploration of new patterns of organisational innovation. PDVSA's case illustrates that for a developing country multinational, the path towards decision-making autonomy from government is mired with many obstacles; key commercial strategies can be challenged by a government seeking to impose its agenda on the company.

Keywords: multilatinas; technological innovation; DMNCs; Petroleos de Venezuela, S.A.; PDVSA; oil industry; internationalisation; developing countries; multinational corporations; MNCs; Brazil; Venezuela; National Oil Companies; NOCs; Petrobras; emerging economies; foreign direct investment; FDI; organisational innovation. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.inderscience.com/link.php?id=39165 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtlid:v:3:y:2010:i:4:p:392-407

Access Statistics for this article

More articles in International Journal of Technological Learning, Innovation and Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Carmel O'Grady (). This e-mail address is bad, please contact .

 
Page updated 2020-06-29
Handle: RePEc:ids:ijtlid:v:3:y:2010:i:4:p:392-407