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Drivers of Internationalization in Emerging Economies: Comparing Petrobras and PDVSA

In: Impacts of Emerging Economies and Firms on International Business

Author

Listed:
  • Andrea Goldstein
  • César Baena

Abstract

Corporate multinationalization—once the privilege of firms from developed economies—is now becoming a diffuse phenomenon in emerging economies, including Latin America (UNCTAD, 2007; Goldstein, 2007). Although unprecedented in size and relevance, the current wave of internationalization from developing countries is the third to take place. Already in the 1970s and 1980s, a number of third world countries emerged from their economic status as sources of raw materials or as sweatshops, in which low-wage, low-skilled workers produced goods for the richer nations. They were themselves manufacturing and consuming high-quality, high-technology products and establishing foreign subsidiaries, most often in other developing countries (Wells, 1983).

Suggested Citation

  • Andrea Goldstein & César Baena, 2012. "Drivers of Internationalization in Emerging Economies: Comparing Petrobras and PDVSA," Palgrave Macmillan Books, in: Marin A. Marinov & Svetla T. Marinova (ed.), Impacts of Emerging Economies and Firms on International Business, chapter 10, pages 189-206, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-03254-6_10
    DOI: 10.1057/9781137032546_10
    as

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