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The Globalization of Business Firms from Emerging Economies
This authoritative collection sheds new light on the global and regional operations of business firms from emerging markets and shows how the pressures of the competitive global economy help shape the management and organisation of these firms.
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Critical Acclaim
Contributors
Contents
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Business firms from the emerging markets of Asia, Africa, Eastern Europe and Latin America are becoming increasingly important players in the global economy. Owned and controlled by indigenous nations these emerging transnational corporations are greatly influenced by the social and institutional contexts of their home countries. As a result of the process of globalization, these corporations are engaged in a diverse range of international operations including the establishment of wholly-owned foreign subsidiaries, to joint ventures and strategic alliances.
This authoritative collection sheds new light on the global and regional operations of business firms from emerging markets and shows how the pressures of the competitive global economy help shape the management and organisation of these firms.
The Globalization of Business Firms from Emerging Economies presents a comprehensive and authoritative selection of the most important articles and papers on this subject published during the last twenty five years. Drawing on a wide range of sources, it will improve access to an important literature which is crucial to the understanding of a significant new area of international business. The collection will be of particular interest to students, researchers, scholars and practitioners involved in international business, industrial economics and economic geography.
This authoritative collection sheds new light on the global and regional operations of business firms from emerging markets and shows how the pressures of the competitive global economy help shape the management and organisation of these firms.
The Globalization of Business Firms from Emerging Economies presents a comprehensive and authoritative selection of the most important articles and papers on this subject published during the last twenty five years. Drawing on a wide range of sources, it will improve access to an important literature which is crucial to the understanding of a significant new area of international business. The collection will be of particular interest to students, researchers, scholars and practitioners involved in international business, industrial economics and economic geography.
Critical Acclaim
‘. . . this is an excellent collection, providing a comprehensive and well-structured cross-section of what is undoubtedly a rapidly expanding and important literature. . . . they would certainly make an excellent addition to the reference or short-term loan shelves of any library, and will be used by research students and scholars from a wide variety of disciplines.’
– Neil M. Coe, Progress in Development Studies
‘The strength of the book is that it provides diverse perspectives on developing-country TNCs from different disciplines, including business history, development studies, geography, political science, and regional studies. It also covers not only Asian TNCs, but others in Africa, Eastern Europe, and Latin America, so that the reader has a shortcut to knowledge on developing-country TNCs from this collection. The book’s major contribution lies in providing fresh insights into the social and economic origins of international business and production.’
– Yong-Sook Lee, Economic Geography
– Neil M. Coe, Progress in Development Studies
‘The strength of the book is that it provides diverse perspectives on developing-country TNCs from different disciplines, including business history, development studies, geography, political science, and regional studies. It also covers not only Asian TNCs, but others in Africa, Eastern Europe, and Latin America, so that the reader has a shortcut to knowledge on developing-country TNCs from this collection. The book’s major contribution lies in providing fresh insights into the social and economic origins of international business and production.’
– Yong-Sook Lee, Economic Geography
Contributors
65 articles, dating from 1973 to 1998
Contributors include: R. Aggarwal, P. Beamish, T. Brewer, P. Buckley, J. Dunning, E. Kaynak, S. Lall, D. Lecraw, P. O’Brien, L. Wells, S. Young
Contributors include: R. Aggarwal, P. Beamish, T. Brewer, P. Buckley, J. Dunning, E. Kaynak, S. Lall, D. Lecraw, P. O’Brien, L. Wells, S. Young
Contents
Contents:
Volume I:
Acknowledgements • Introduction: Competing in the Global Economy: The Globalization of Business Firms from Emerging Economies
Part I: The Origins and Characteristics of Transnational Business Firms from Emerging Economies
1. L. Ronald Scheman (1973), ‘The Multinational in a New Mode: Ownership by the Developing Countries’
2. D. Lecraw (1977), ‘Direct Investment by Firms from Less Developed Countries’
3. Kyung-il Ghymn (1980), ‘Multinational Enterprises from the Third World’
4. Peter O’Brien (1980), ‘The New Multinationals: Developing-country Firms in International Markets’
5. Sanjaya Lall (1983), ‘The Rise of Multinationals from the Third World’
6. J. Monkiewicz (1986), ‘Multinational Enterprises of Developing Countries: Some Emerging Characteristics’
7. Francis M. Ulgado, Chwo-Ming J. Yu and Anant R. Negandhi (1994), ‘Multinational Enterprises from Asian Developing Countries: Management and Organizational Characteristics’
8. Henry Wai-chung Yeung (1994), ‘Transnational Corporations from Asian Developing Countries: Their Characteristics and Competitive Edge’
Part II: Theoretical Perspectives on the Globalization of Business Firms from Emerging Economies
9. John H. Dunning (1981), ‘Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach’
10. J.P. Agarwal (1985), ‘Intra-LDCs Foreign Direct Investment: A Comparative Analysis of Third World Multinationals’
11. John H. Dunning (1986), ‘The Investment Development Cycle Revisited’
12. C. Min Han and Thomas L. Brewer (1987), ‘Foreign Direct Investments by Korean Firms: An Analysis with FDI Theories’
13. Raj Aggarwal and Tamir Agmon (1990), ‘The International Success of Developing Country Firms: Role of Government-Directed Comparative Advantage’
14. Michael J. Ferrantino (1992), ‘Transaction Costs and the Expansion of Third-World Multinationals’
15. Henry Wai-chung Yeung (1994), ‘Third World Multinationals Revisited: A Research Critique and Future Agenda’
16. M. Krishna Erramilli, Sanjeev Agarwal and Seong-Soo Kim (1997), ‘Are Firm-Specific Advantages Location-Specific Too?’
Part III: The Influence of Social and Institutional Contexts on the Globalization of Business Firms from Emerging Economies
17. Dennis J. Encarnation (1982), ‘The Political Economy of Indian Joint Industrial Ventures Abroad’
18. Che-hung Chen (1986), ‘Taiwan’s Foreign Direct Investment’
19. Woong Shik Shin and Eugene J. Oh (1990), ‘Recent Developments in Korea’s Foreign Investment’
20. Josephine Smart and Alan Smart (1991), ‘Personal Relations and Divergent Economies: A Case Study of Hong Kong Investment in South China’
21. Chi kin Leung (1993), ‘Personal Contacts, Subcontracting Linkages, and Development in the Hong Kong–Zhujiang Delta Region’
22. Henry Wai-chung Yeung (1998), The Political Economy of Transnational Corporations: A Study of the Regionalization of Singaporean Firms’
Part IV: The Strategies of Transnational Corporations from Emerging Economies
23. Peter J. Buckley and Hafiz Mirza (1988), ‘The Strategy of Pacific Asian Multinationals’
24. Brian Levy (1988), ‘Korean and Taiwanese Firms as International Competitors: The Challenges Ahead’
25. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1988), ‘Globalizing Strategies for Multinationals from Developing Countries’
26. Tung-lung Chang and Phillip D. Grub (1992), ‘Competitive Strategies of Taiwanese PC Firms in Their Internationalization Process’
27. Keun Lee and Michael G. Plummer (1992), ‘Competitive Advantages, Two-Way Foreign Investment, and Capital Accumulation in Korea’
28. Peter Ping Li (1994), ‘Strategy Profiles of Indigenous MNEs from the NIEs: The Case of South Korea and Taiwan’
29. Tom Wesson (1994), ‘Toward a Fuller Understanding of Foreign Direct Investment: The Example of Hyundai’s Investment in the U.S. Personal-Computer Industry’
30. Detelin S. Elenkov (1995), ‘Russian Aerospace MNCs in Global Competition: Their Origin, Competitive Strengths and Forms of Multinational Expansion’
31. Stephen Young, Chun-Hua Huang and Michael McDermott (1996), ‘Internationalization and Competitive Catch-Up Processes: Case Study Evidence on Chinese Multinational Enterprises’
32. C. Samuel Craig and Susan P. Douglas (1997), ‘Executive Insights: Managing the Transnational Value Chain – Strategies for Firms from Emerging Markets’
Name Index
Volume II:
Acknowledgements
Part I: The Organization of Transnational Corporations from Emerging Economies
1. Sanjaya Lall (1982), ‘The Emergence of Third World Multinationals: Indian Joint Ventures Overseas’
2. Seamus G. Connolly (1984), ‘Joint Ventures with Third World Multinationals: A New Form of Entry to International Markets’
3. Stephen B. Tallman and Oded Shenkar (1990), ‘International Cooperative Venture Strategies: Outward Investment and Small Firms from NICs’
4. Rik Donckels and Johan Lambrecht (1995), ‘Joint Ventures: No Longer a Mysterious World for SMEs from Developed and Developing Countries’
5. Chol Lee and Paul W. Beamish (1995), ‘The Characteristics and Performance of Korean Joint Ventures in LDCs’
6. Henry Wai-chung Yeung (1997), ‘Business Networks and Transnational Corporations: A Study of Hong Kong Firms in the ASEAN Region’
Part II: Impact of the Globalization of Business Firms from Emerging Economies
7. Krishna Kumar (1982), ‘Third World Multinationals: A Growing Force in International Relations’
8. Jeffrey B. Nugent (1982), ‘Multinational Joint Venture Companies of Developing Countries as Instruments of Economic Integration for Development’
9. C.M. Rogerson (1986), ‘Third World Multinationals and South Africa’s Decentralization Programme’
10. Donald J. Lecraw (1993), ‘Outward Direct Investment by Indonesian Firms: Motivation and Effects’
11. Qi Luo and Christopher Howe (1993), ‘Direct Investment and Economic Integration in the Asia Pacific: The Case of Taiwanese Investment in Xiamen’
12. Chyau Tuan and Linda F.-Y. Ng (1995), ‘The Turning Point of the Hong Kong Manufacturing Sector: Impact of Outward Investment to the Pearl River Delta’
13. Nicholas A. Phelps, John Lovering and Kevin Morgan (1998), ‘Tying the Firm to the Region or Tying the Region to the Firm? Early Observations on the Case of LG in South Wales’
Part III: Sectoral Studies of Business Firms from Specific Emerging Economies
14. Louis T. Wells, Jr. (1978), ‘Foreign Investment from the Third World: The Experience of Chinese Firms from Hong Kong’
15. Rachelle L. Cherol and José Nuñez del Arco (1983), ‘Andean Multinational Enterprises: A New Approach to Multinational Investment in the Andean Group’
16. Krishna Kumar and Kee Young Kim (1984), ‘The Korean Manufacturing Multinationals’
17. Pang Eng Fong and Rajah V. Komaran (1985), ‘Singapore Multinationals’
18. Rajiv Lall (1986), ‘Third World Multinationals: The Characteristics of Indian Firms Investing Abroad’
19. Lim Mah Hui and Teoh Kit Fong (1986), ‘Singapore Corporations Go Transnational’
20. Yongwook Jun (1987), ‘The Reverse Direct Investment: The Case of the Korean Consumer Electronics Industry’
21. Premachandra Athukorala and S.K. Jayasuriya (1988), ‘Parentage and Factor Proportions: A Comparative Study of Third-World Multinationals in Sri Lankan Manufacturing’
22. Christopher Wells (1988), ‘Brazilian Multinationals’
23. C.M. Rogerson (1990), ‘Sun International: The Making of a South African Tourism Multinational’
24. Michael McDermott (1991), ‘Taiwan’s Electronic Companies are Targeting Europe’
25. Tain-Jy Chen (1992), ‘Determinants of Taiwan’s Direct Foreign Investment: The Case of a Newly Industrializing Country’
26. Ye Gang (1992), ‘Chinese Transnational Corporations’
27. Yoong-Deok Jeon (1992), ‘The Determinants of Korean Foreign Direct Investment in Manufacturing Industries’
28. Erdener Kaynak and Tevfik Dalgic (1992), ‘Internationalization of Turkish Construction Companies: A Lesson for Third World Countries?’
29. Raul de Gouvea Neto (1995), ‘Brazilian Emerging Multinationals: A Conduit for Export of Technology’
30. Xianming Chen (1996), ‘Taiwan Investments in China and Southeast Asia: “Go West, but Also Go South”’
31. Christopher M. Dent and Claire Randerson (1996), ‘Korean Foreign Direct Investment in Europe: The Determining Forces’
32. K.C. Fung (1996), ‘Mainland Chinese Investment in Hong Kong: How Much, Why, and So What?’
33. Kris Olds (1998), ‘Globalization and Urban Change: Tales from Vancouver via Hong Kong’
Name Index
Volume I:
Acknowledgements • Introduction: Competing in the Global Economy: The Globalization of Business Firms from Emerging Economies
Part I: The Origins and Characteristics of Transnational Business Firms from Emerging Economies
1. L. Ronald Scheman (1973), ‘The Multinational in a New Mode: Ownership by the Developing Countries’
2. D. Lecraw (1977), ‘Direct Investment by Firms from Less Developed Countries’
3. Kyung-il Ghymn (1980), ‘Multinational Enterprises from the Third World’
4. Peter O’Brien (1980), ‘The New Multinationals: Developing-country Firms in International Markets’
5. Sanjaya Lall (1983), ‘The Rise of Multinationals from the Third World’
6. J. Monkiewicz (1986), ‘Multinational Enterprises of Developing Countries: Some Emerging Characteristics’
7. Francis M. Ulgado, Chwo-Ming J. Yu and Anant R. Negandhi (1994), ‘Multinational Enterprises from Asian Developing Countries: Management and Organizational Characteristics’
8. Henry Wai-chung Yeung (1994), ‘Transnational Corporations from Asian Developing Countries: Their Characteristics and Competitive Edge’
Part II: Theoretical Perspectives on the Globalization of Business Firms from Emerging Economies
9. John H. Dunning (1981), ‘Explaining the International Direct Investment Position of Countries: Towards a Dynamic or Developmental Approach’
10. J.P. Agarwal (1985), ‘Intra-LDCs Foreign Direct Investment: A Comparative Analysis of Third World Multinationals’
11. John H. Dunning (1986), ‘The Investment Development Cycle Revisited’
12. C. Min Han and Thomas L. Brewer (1987), ‘Foreign Direct Investments by Korean Firms: An Analysis with FDI Theories’
13. Raj Aggarwal and Tamir Agmon (1990), ‘The International Success of Developing Country Firms: Role of Government-Directed Comparative Advantage’
14. Michael J. Ferrantino (1992), ‘Transaction Costs and the Expansion of Third-World Multinationals’
15. Henry Wai-chung Yeung (1994), ‘Third World Multinationals Revisited: A Research Critique and Future Agenda’
16. M. Krishna Erramilli, Sanjeev Agarwal and Seong-Soo Kim (1997), ‘Are Firm-Specific Advantages Location-Specific Too?’
Part III: The Influence of Social and Institutional Contexts on the Globalization of Business Firms from Emerging Economies
17. Dennis J. Encarnation (1982), ‘The Political Economy of Indian Joint Industrial Ventures Abroad’
18. Che-hung Chen (1986), ‘Taiwan’s Foreign Direct Investment’
19. Woong Shik Shin and Eugene J. Oh (1990), ‘Recent Developments in Korea’s Foreign Investment’
20. Josephine Smart and Alan Smart (1991), ‘Personal Relations and Divergent Economies: A Case Study of Hong Kong Investment in South China’
21. Chi kin Leung (1993), ‘Personal Contacts, Subcontracting Linkages, and Development in the Hong Kong–Zhujiang Delta Region’
22. Henry Wai-chung Yeung (1998), The Political Economy of Transnational Corporations: A Study of the Regionalization of Singaporean Firms’
Part IV: The Strategies of Transnational Corporations from Emerging Economies
23. Peter J. Buckley and Hafiz Mirza (1988), ‘The Strategy of Pacific Asian Multinationals’
24. Brian Levy (1988), ‘Korean and Taiwanese Firms as International Competitors: The Challenges Ahead’
25. Heidi Vernon-Wortzel and Lawrence H. Wortzel (1988), ‘Globalizing Strategies for Multinationals from Developing Countries’
26. Tung-lung Chang and Phillip D. Grub (1992), ‘Competitive Strategies of Taiwanese PC Firms in Their Internationalization Process’
27. Keun Lee and Michael G. Plummer (1992), ‘Competitive Advantages, Two-Way Foreign Investment, and Capital Accumulation in Korea’
28. Peter Ping Li (1994), ‘Strategy Profiles of Indigenous MNEs from the NIEs: The Case of South Korea and Taiwan’
29. Tom Wesson (1994), ‘Toward a Fuller Understanding of Foreign Direct Investment: The Example of Hyundai’s Investment in the U.S. Personal-Computer Industry’
30. Detelin S. Elenkov (1995), ‘Russian Aerospace MNCs in Global Competition: Their Origin, Competitive Strengths and Forms of Multinational Expansion’
31. Stephen Young, Chun-Hua Huang and Michael McDermott (1996), ‘Internationalization and Competitive Catch-Up Processes: Case Study Evidence on Chinese Multinational Enterprises’
32. C. Samuel Craig and Susan P. Douglas (1997), ‘Executive Insights: Managing the Transnational Value Chain – Strategies for Firms from Emerging Markets’
Name Index
Volume II:
Acknowledgements
Part I: The Organization of Transnational Corporations from Emerging Economies
1. Sanjaya Lall (1982), ‘The Emergence of Third World Multinationals: Indian Joint Ventures Overseas’
2. Seamus G. Connolly (1984), ‘Joint Ventures with Third World Multinationals: A New Form of Entry to International Markets’
3. Stephen B. Tallman and Oded Shenkar (1990), ‘International Cooperative Venture Strategies: Outward Investment and Small Firms from NICs’
4. Rik Donckels and Johan Lambrecht (1995), ‘Joint Ventures: No Longer a Mysterious World for SMEs from Developed and Developing Countries’
5. Chol Lee and Paul W. Beamish (1995), ‘The Characteristics and Performance of Korean Joint Ventures in LDCs’
6. Henry Wai-chung Yeung (1997), ‘Business Networks and Transnational Corporations: A Study of Hong Kong Firms in the ASEAN Region’
Part II: Impact of the Globalization of Business Firms from Emerging Economies
7. Krishna Kumar (1982), ‘Third World Multinationals: A Growing Force in International Relations’
8. Jeffrey B. Nugent (1982), ‘Multinational Joint Venture Companies of Developing Countries as Instruments of Economic Integration for Development’
9. C.M. Rogerson (1986), ‘Third World Multinationals and South Africa’s Decentralization Programme’
10. Donald J. Lecraw (1993), ‘Outward Direct Investment by Indonesian Firms: Motivation and Effects’
11. Qi Luo and Christopher Howe (1993), ‘Direct Investment and Economic Integration in the Asia Pacific: The Case of Taiwanese Investment in Xiamen’
12. Chyau Tuan and Linda F.-Y. Ng (1995), ‘The Turning Point of the Hong Kong Manufacturing Sector: Impact of Outward Investment to the Pearl River Delta’
13. Nicholas A. Phelps, John Lovering and Kevin Morgan (1998), ‘Tying the Firm to the Region or Tying the Region to the Firm? Early Observations on the Case of LG in South Wales’
Part III: Sectoral Studies of Business Firms from Specific Emerging Economies
14. Louis T. Wells, Jr. (1978), ‘Foreign Investment from the Third World: The Experience of Chinese Firms from Hong Kong’
15. Rachelle L. Cherol and José Nuñez del Arco (1983), ‘Andean Multinational Enterprises: A New Approach to Multinational Investment in the Andean Group’
16. Krishna Kumar and Kee Young Kim (1984), ‘The Korean Manufacturing Multinationals’
17. Pang Eng Fong and Rajah V. Komaran (1985), ‘Singapore Multinationals’
18. Rajiv Lall (1986), ‘Third World Multinationals: The Characteristics of Indian Firms Investing Abroad’
19. Lim Mah Hui and Teoh Kit Fong (1986), ‘Singapore Corporations Go Transnational’
20. Yongwook Jun (1987), ‘The Reverse Direct Investment: The Case of the Korean Consumer Electronics Industry’
21. Premachandra Athukorala and S.K. Jayasuriya (1988), ‘Parentage and Factor Proportions: A Comparative Study of Third-World Multinationals in Sri Lankan Manufacturing’
22. Christopher Wells (1988), ‘Brazilian Multinationals’
23. C.M. Rogerson (1990), ‘Sun International: The Making of a South African Tourism Multinational’
24. Michael McDermott (1991), ‘Taiwan’s Electronic Companies are Targeting Europe’
25. Tain-Jy Chen (1992), ‘Determinants of Taiwan’s Direct Foreign Investment: The Case of a Newly Industrializing Country’
26. Ye Gang (1992), ‘Chinese Transnational Corporations’
27. Yoong-Deok Jeon (1992), ‘The Determinants of Korean Foreign Direct Investment in Manufacturing Industries’
28. Erdener Kaynak and Tevfik Dalgic (1992), ‘Internationalization of Turkish Construction Companies: A Lesson for Third World Countries?’
29. Raul de Gouvea Neto (1995), ‘Brazilian Emerging Multinationals: A Conduit for Export of Technology’
30. Xianming Chen (1996), ‘Taiwan Investments in China and Southeast Asia: “Go West, but Also Go South”’
31. Christopher M. Dent and Claire Randerson (1996), ‘Korean Foreign Direct Investment in Europe: The Determining Forces’
32. K.C. Fung (1996), ‘Mainland Chinese Investment in Hong Kong: How Much, Why, and So What?’
33. Kris Olds (1998), ‘Globalization and Urban Change: Tales from Vancouver via Hong Kong’
Name Index
