IDEAS home Printed from https://ideas.repec.org/h/ito/pchaps/160327.html
   My bibliography  Save this book chapter

Latecomer Challenge: African Multinationals from the Periphery

In: Globalization

Author

Listed:
  • Grietjie Verhoef

Abstract

Multinational corporations have commenced foreign direct investment (FDI) activities since the 1960s by moving operations to resource-rich, low-cost labour and capital markets. Successive waves of outward foreign direct investment (OFDI) since the 1960s and 1970s were motivated by efficiency and market-seeking factors. Since the 1990s, China, Brazil, India, Russia (the so-called BRIC countries), Malaysia, Turkey and South Africa are among the countries expected to add significantly to OFDI growth. The emergence of Emerging Market Transnational Corporations (EMTNCs) makes up a growing proportion of outward FDI, and they acquire an increasing share in foreign affiliates from developed markets conducting business in their regions. This chapter reflects on the transformation of businesses and business practice in Africa, from isolated peripheral actors to global players. This chapter investigates the history of leading emerging market multinational corporations from Africa since the 1980s and points to the implications for future globalisation of EMTNCs.

Suggested Citation

  • Grietjie Verhoef, 2019. "Latecomer Challenge: African Multinationals from the Periphery," Chapters, in: George Yungchih Wang (ed.), Globalization, IntechOpen.
    • Handle: RePEc:ito:pchaps:160327
    DOI: 10.5772/intechopen.81500
    as

    Download full text from publisher

    File URL: https://www.intechopen.com/chapters/63992
    Download Restriction: no
    File URL: https://libkey.io/10.5772/intechopen.81500?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maurizio, Roxana., 2016. "Non-standard forms of employment in Latin America : prevalence, characteristics and impacts on wages," ILO Working Papers 994906973402676, International Labour Organization.
    2. Jon C. Messenger & Nikhil Ray, 2015. "The ‘deconstruction’ of part-time work," Chapters, in: Janine Berg (ed.), Labour Markets, Institutions and Inequality, chapter 7, pages 184-208, Edward Elgar Publishing.
    3. Ramos, Raul & Sanromá, Esteban & Simón, Hipólito, 2015. "An Analysis of Wage Differentials between Full- and Part-Time Workers in Spain," IZA Discussion Papers 9257, Institute of Labor Economics (IZA).
    4. Kevin I.N. Ibeh, . "Why do African multinationals invest outside their home region? Should they?," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    5. Ibeh, Kevin & Makhmadshoev, Dilshod, 2018. "Post-acquisition integration behavior of nascent African multinational enterprises," Journal of Business Research, Elsevier, vol. 93(C), pages 255-267.
    6. Raul Ramos & Esteban Sanromá & Hipólito Simón, 2016. "The part-time wage penalty: Does bargaining coverage outweigh regional differences in Spain?," The Economic and Labour Relations Review, , vol. 27(3), pages 368-386, September.
    7. Judit Kiss, 2017. "South Africa - a re-emerging player in outward FDI," IWE Working Papers 235, Institute for World Economics - Centre for Economic and Regional Studies.
    8. Teboho Bosiu & Thando Vilakazi, 2020. "Competition and inclusive regional economic growth in food production: Barriers to entry and the role of African multinational corporations," WIDER Working Paper Series wp-2020-88, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    outward foreign direct investment (OFDI); emerging market transnational corporations (EMTNC); globalisation; strategy; market-seeking; state; change management;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ito:pchaps:160327. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Slobodan Momcilovic (email available below). General contact details of provider: http://www.intechopen.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.