Multinationals and Emerging Economies

Multinationals and Emerging Economies

The Quest for Innovation and Sustainability

Innovation, Co-operation and Development series

Edited by Wilfred Dolfsma, Geert Duysters and Ionara Costa

The global economy is changing rapidly and multinational corporations (MNCs) are at the forefront of this transformation. This book provides novel and profound analyses of how MNCs and emerging economies are related, and how this relationship affects the dynamics of the global economy. In particular, the authors deal with the nexus between multinationals, emerging economies and innovation from a variety of different perspectives. Innovation is regarded as a core driving force in the global economy but the authors show how it can impede as well as encourage sustainability. The book brings together insights from business studies and economics, and combines concise theoretical discussion with empirical analyses of unique data.

Intermezzo I. Do multinationals matter for emerging markets, or vice versa?

Rajneesh Narula

Subjects: business and management, international business, organisational innovation, economics and finance, economics of innovation, international business, innovation and technology, economics of innovation, organisational innovation


Rajneesh Narula It is undeniably the case that the subject of multinationals in emerging markets has become a diverse subject. A volume such as this indicates that much has changed in development studies over the last two decades and, from my point of view, this change has been almost completely positive. The study of multinationals has clearly evolved from a niche area to the mainstream of the social sciences and I am delighted to see international institutions, as well as politicians and policy makers at all levels, earnestly discussing how to engage (positively) with the multinational firm. The richness and diversity of perspectives that multinationals and emerging markets are nowadays analysed from is well-illustrated by the chapters in this book and, indeed, by the first four contributions that precede this comment. The variety of the subject matter and the myriad perspectives from which the activities of multinational firms is examined confirms for me that post-modernism is alive and well within academia. Diversity is refreshing, not least because diversity is indicative of vigour, and in a Darwinian sense, the means by which progress is made. The first four chapters of this book alone have addressed the outsourcing of clinical trials, the challenges of cross-cultural management and the innovativeness of multinational firms, covering countries as diverse as Thailand, the Czech Republic, Mexico and China, to name but a few. As recently as two decades ago, multinationals were regarded with considerable suspicion. At one extreme, they were largely regarded as a symbol of...

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