Multinational Companies from Emerging Economies Composition, Conceptualization & Direction in the Global Economy.
Indian Journal of Industrial Relations 2009, July, 45, 1
Indian Journal of Industrial Relations
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Emergence of Emerging Multinationals In July-August 2004 Ikegai was taken over, a new Thai restaurant opened in Singapore, and restaurants in the United States were recruiting foreigners. All such events should hardly raise an eyebrow--cross-border flows are a distinguishing feature of the contemporary global economy. What was unusual was that the first company, Japan's oldest lathe manufacturer, was rescued by China's Shanghai Electric; the eateries distinguish themselves by serving condoms instead of after-meal mints and funnelling all profits into AIDS education and environmental protection; and the restaurants sponsoring US entry visas for skilled waiters, arguing that churrasco skills are unavailable in the US job market, hailed from Brazil. Such deals are not confined to bankrupt companies and admittedly low-tech service sectors such as fast-food restaurants. The rise of Cemex as one of the world's largest producers of cement and of Embraer as the world's third-largest aircraft manufacturer, the acquisition of the IBM personal computer business by Lenovo of China or of some of the most prestigious hotel properties worldwide by Tata of India, and Chinese investments in the energy sector in Africa, Canada and Central Asia Western have made evident the increasing relevance of outward foreign direct investment (OFDI) flows from developing countries.
- 2,99 €
- Category: Finance
- Published: 01 July 2009
- Publisher: Shri Ram Centre for Industrial Relations and Human Resources
- Print Length: 16 Pages
- Language: English