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International Business and Emerging Economies

In: Impacts of Emerging Economies and Firms on International Business

Author

Listed:
  • Marin A. Marinov
  • Svetla T. Marinova

Abstract

The last 15 years have brought spectacular changes to the past economic poise. This fact has shifted the pattern of doing international business in a radical way, changing our approaches to it and the contexts in which business is done. As the developed world struggles to register negligible positive economic growth, many—mostly big—emerging economies have turned themselves into economic powerhouses of global business development. Brazil, Russia, India, and China (the BRIC countries) have become vastly export driven destinations of constantly augmented inward foreign direct investment (FDI) and providers of ever-increasing outflows of capital for mergers and acquisitions as well as greenfield investments all over the world reinforced by well-capitalized banking sectors. Predications are in line with recent developments that in the next few years more than 70 per cent of the world’s business growth will be generated by emerging economies (The Economist, 2010).

Suggested Citation

  • Marin A. Marinov & Svetla T. Marinova, 2012. "International Business and Emerging Economies," Palgrave Macmillan Books, in: Marin A. Marinov & Svetla T. Marinova (ed.), Impacts of Emerging Economies and Firms on International Business, chapter 1, pages 1-12, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03254-6_1
    DOI: 10.1057/9781137032546_1
    as

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