Emerging multinationals: outward FDI from the BRICS countries

By Peter Gammeltoft. 2008

177 citations recorded by the source corpus.

Outward foreign direct investment from emerging and developing economies has undergone important quantitative and qualitative changes over the last decade. This paper takes stock of the mounting outward investment flows with special focus on China, India, Brazil, Russia, and South Africa ('BRICS'). Following a brief discussion of FDI and emerging economies in general it is suggested that the current increase in outward investment from emerging and developing economies may constitute a third 'wave', distinct from the two previous waves depicted in the literature. The contours of such a wave are outlined, followed by an empirical analysis of outward investment from the BRICS countries.

Subfields: Development, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3212fa0caf5b70514ed02cf56d0b9fa34be89f43

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Citations in the corpus

Outward FDI and Knowledge Flows: A Study of the Indian Automotive Sector (2008, unknown): “…entering into developed countries (Dunning, Hoesel and Narula, 1996; Chen and Chen, 1998; Hoesel, 1999; Poon and MacPherson, 2005; Pradhan and Abraham, 2005; UNCTAD, 2006; Pradhan, 2008a b; Gammeltoft, 2008), the empirical evidence on knowledge spillovers from such activities …”
Home government policies for outward FDI from emerging economies: lessons from Asia (2010, background): “We argue that the empirical evidence points to the emergence of a third wave of OFDI from the emerging economies with the first dominating the period between the 1960s and the mid-1980s, the second becoming important over the period between the late 1980s until the mid-1990s and the third becoming i”
A review of research on outward foreign direct investment from emerging countries, including China: what do we know, how do we know and where should we be heading? (2018, background): “There are comparative studies which explore the antecedents and outcomes of OFDI from the emerging country MNEs (Andreff 2003; Erkilek 2003; Frost 2006; Fung, Garcial, and Siu 2009; Gammeltoft 2008; Holtbrügge and Kreppel 2012; Paul 2015).”
Emerging multinationals: home and host country determinants and outcomes (2010, background): “From a birds eye perspective, the increasing volume and intensity of outward direct investment from emerging economies during recent years can be abstracted into a third historical “wave” of these FDI flows ( Gammeltoft, 2008”
Acquisitions by emerging market multinationals: Implications for firm performance (2014, background): “However, extant research on the subject has largely focused on either the characteristics and determinants of OFDI (Buckley et al., 2007; Gammeltoft, 2008; Kalotay, 2008; Li, 2007; Mathews, 2006; Rugman, 2008; Sauvant, 2005) or examined whether established theory can explain the recent international”
Business groups' outward FDI: A managerial resources perspective (2010, background): “Foreign direct investment (FDI) originating from emerging economies raises new questions for international business research agendas (Luo and Tung, 2007; Gammeltoft, 2008; Athreye and Kapur 2009).”
Chinese foreign direct investment in R&D in Europe: A new model of R&D internationalization? (2012, background): “…increase in outward FDI from BRIC countries, and have proposed defining a third wave of OFDI from emerging and developing countries (Andreff, 2003; Gammeltoft, 2008) that is based on the assumption that the latecomer MNCs from the BRICs are more prone to seek strategic assets, and resources…”