Multinational Enterprises from Emerging Economies
Multinational Enterprises from Emerging Economies
This chapter explores the way in which MNEs have developed in China and Korea. The term “emerging economies” is used to emphasize those countries that have broken out of a larger collection of developing economies and established impressive economic growth and substantially improved incomes. The chapter presents an assessment of all multinational enterprises (MNEs) from emerging economies. In general, it finds that these MNEs build on CSAs, which is especially true of MNEs from China. The chapter uses the FSA-CSA matrix discussed in Chapter 2, applies it to individual firms, and extends it to differentiate between upstream (production-based) and downstream (marketing-based) FSAs. It provides new data on the extent of the intraregional sales and production of Chinese and Korean MNEs, and shows how MNE FSAs and regional CSAs have combined to help develop increasingly successful indigenous MNEs.
Keywords: emerging economies, firms, intraregional sales, investment, transition economies
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