Multinationals and Emerging Economies
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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.
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Chapter 9: Changing Configuration of Alternative Energy Systems

Radhika Perrot

Extract

9. Changing configuration of alternative energy systems Radhika Perrot INTRODUCTION The objective of this chapter is to look at how, over the years since the first oil price shock of the 1970s, firms, the government and technologies interacted with each other in both developed countries as well as in emerging economies. Each actor reacted to changes in the other and, as a result of these interactions, changes were observed in the market of alternative energy technologies. With recent surging oil prices and mounting pressures to reduce toxic gaseous emissions, both governments and firms interact with each other to move towards alternative energy solutions. Firms respond to policy measures implemented by the government, while the government on the other hand ensures that their policies stimulate innovation. We will, in part, look at the role played by firms and governments from emerging economies and how through their interaction they are indeed driving the direction of growth of these alternative energy technologies. Alternative energy technologies so discussed here include energy technologies that optimize energy consumption, cleaner energy technologies that reduce the amount of toxic gaseous emissions and renewable energy that sources energy from renewable sources like solar, hydro and wind. It will include renewable energy (energy from all natural sources like wind, solar, water and so forth) and other alternative or cleaner forms of energy like hydrogen and bio-fuels. The formidable task is now on the government to transform the existing fossil fuel energy system into a more sustainable form that consumes less...

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