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The Rise of Emerging Economy Multinationals: Policy Responses of European Investment Promotion Agencies

In: Successes and Challenges of Emerging Economy Multinationals

Author

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  • Sergey Filippov

Abstract

From the end of the 20th and the start of the 21st century, the big emerging economies have become distinctive global phenomena. Brazil, Russia, India and China, jointly abbreviated as BRIC, have gained significant economic power. Estimates claim that BRIC has the potential to overtake G7 economies in terms of aggregated GDP by 2020. In their path-breaking development, many emerging economies relied on foreign direct investment (FDI) and activities of foreign multinationals that linked them to the global economy. Recently, though, a new development is taking shape. Emerging economies have become home to a number of successfully fast-growing firms in the global arena. Initially, many emerging economy multinationals targeted neighbouring economies with a similar level of economic development as their home countries. Lately, however, they have started to shift their preferences targeting developed markets worldwide.

Suggested Citation

  • Sergey Filippov, 2014. "The Rise of Emerging Economy Multinationals: Policy Responses of European Investment Promotion Agencies," Palgrave Macmillan Books, in: Marin Alexandrov Marinov & Svetla Trifonova Marinova (ed.), Successes and Challenges of Emerging Economy Multinationals, chapter 9, pages 217-256, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36941-3_9
    DOI: 10.1057/9781137369413_9
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