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    The macroeconomic determinants of the outward foreign direct investment of China: whither the home country?

    Tolentino, Paz Estrella (2008) The macroeconomic determinants of the outward foreign direct investment of China: whither the home country? In: The Second Copenhagen conference on 'Emerging Multinationals': Outward Investment from Emerging Economies, 2008, Copenhagen, Denmark. (Unpublished)

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    Abstract

    Event synopsis: Multinational companies from emerging and developing economies (EMNCs) are becoming major players in the globalized world economy and are likely to wield growing influence on economic dynamics in OECD, emerging, and developing countries alike. Host OECD countries will increasingly need to engage with the array of challenges and opportunities presented by emerging-economy multinationals seeking access to their markets and assets. A number of recent high-profile and controversial cases illustrate that the ascent of EMNCs onto the world stage will not necessarily be entirely without frictions. Yet, in spite of the media attention towards investments into the OECD, important immediate impacts of outward direct investment from emerging and developing economies (OFDI) are likely to be felt also in developing host countries, where investments from other emerging and developing economies constitute more and more important complements to investment flows from OECD countries (South-South investments). No less important will be the effects in the home countries of the outward investing firms themselves. The contemporary rise of outward investment from emerging and developing countries remains insufficiently analyzed, both empirically and theoretically. Topics The emergence of MNCs from emerging and developing economies raise a wide range of challenges for theorists, business strategists, and policymakers alike, for example: Why do companies from emerging and developing economies (EMNCs) invest abroad, how do they do it and which challenges do they face? How do EMNCs impact on different types of host economies? How are costs and benefits distributed? How are benefits captured? Which new policy challenges do they introduce? How are home economies affected by the internationalization of domestic firms? Should home countries pursue particular policies to accelerate or otherwise influence their OFDI? Which internationalizations patterns and strategies do EMNCs pursue? Are these qualitatively different from what we know from the received literature? How does EMNC behavior vary between different industries and why? How does the rise of EMNCs influence global competition in different industries? Do EMNCs differ from industrialized-country MNCs in terms of corporate governance and corporate social responsibility? How are companies from China and India in particular coming to internationalize their operations? Which are the roles of state-owned EMNCs?

    Metadata

    Item Type: Conference or Workshop Item (Paper)
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Depositing User: Sarah Hall
    Date Deposited: 23 Oct 2014 09:30
    Last Modified: 23 Oct 2014 09:30
    URI: http://eprints.bbk.ac.uk/id/eprint/10771

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