 The Rise of Emerging Economy Multinationals: Policy Responses of European Investment Promotion AgenciesSergey Filippov Chapter 9 in Successes and Challenges of Emerging Economy Multinationals, 2014, pp 217-256 from Palgrave Macmillan Abstract: Abstract From the end of the 20th and the start of the 21st century, the big emerging economies have become distinctive global phenomena. Brazil, Russia, India and China, jointly abbreviated as BRIC, have gained significant economic power. Estimates claim that BRIC has the potential to overtake G7 economies in terms of aggregated GDP by 2020. In their path-breaking development, many emerging economies relied on foreign direct investment (FDI) and activities of foreign multinationals that linked them to the global economy. Recently, though, a new development is taking shape. Emerging economies have become home to a number of successfully fast-growing firms in the global arena. Initially, many emerging economy multinationals targeted neighbouring economies with a similar level of economic development as their home countries. Lately, however, they have started to shift their preferences targeting developed markets worldwide. Keywords: European Union; European Union Member State; Psychic Distance; BRIC Country; Chinese Investor (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36941-3_9 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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