A number of multinational corporations (MNCs) from developing
economies are becoming key players in the global economy. The
world's second-largest forgings-maker comes from India; the biggest
Nordic insurer was bought by a South African competitor; a Mexican
company reinvented the global cement business; and Brazilian
restaurant chains sponsor immigration visas for highly-skilled meat
carvers to support their American expansions. Understanding these
trends and their implications is a priority for academics,
policy-makers and business professionals alike. Do these
developments vindicate the view that globalization opens up
unprecedented opportunities for the South to catch up with the
North? Are these "emerging MNCs" any different from their
competitors from industrial countries? Does private sector direct
engagement herald a new era for South-South cooperation? As this
book shows, emerging MNCs must be analyzed in the context of the
global political economy.
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