Abstract
Emerging-market multinationals have become a major force in international competition. Long relegated to their respective home markets, they have begun to enter foreign developed and developing markets, making both greenfield investments and acquisitions. Their rise challenges conventional theories that explain the existence of multinational firms on the basis of the superiority of their intangible assets, basically technology and brands. In this article we use a resource-based framework to identify the execution, political and networking capabilities of the new multinationals from emerging markets and explore the implications for theories of international business.
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Guillén, M.F., García-Canal, E. (2016). Emerging-Market Multinationals. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_747-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_747-1
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