By Louis Brennan
In modern day globalised international there's a have to examine new developments within the international economic climate which effect on Europe. The emergence of those southern multinationals in Europe is one such phenomenon. This e-book explores the prevailing traits and trajectories of those businesses, the proof in their effect and their thoughts and approaches.
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Extra resources for The Emergence of Southern Multinationals: Their Impact on Europe
Depending on the region and the investment some types of activity will dominate. For instance, in the case of TNCs entering Latin America, Casanova (2004) found that the three main objectives were efficiency-seeking, growth-seeking, and resource-seeking. In particular, it was noted that having a common history or language and physical proximity played a role in explaining relative success of TNCs in this part of the world. For SMEs from developing countries, motivation for internationalization lay predominantly in access to strategic assets, technology, skills, natural resources, markets, and improving efficiency (UNCTAD, 2006).
In the primary sector, firms have invested primarily in mining and quarrying (Chile, Morocco, Thailand). 19 Hong Kong Croatia Morocco Singapore Thailand Turkey Electricity, gas, and water, finance Business activities, wholesale and retail trade, finance Business activities, wholesale and retail trade, finance Chemical products and chemicals Electricity, gas, and water, transport, storage, communication Mining and quarrying Transport, storage, communication, finance, business activities Finance, transport, storage, communication, business activities Mining and quarrying Food, beverages, and tobacco, electrical and electronic equipment, chemicals and chemical products Finance, wholesale and retail trade Textiles, clothing and leather, coke, petroleum products and nuclear fuel, food, beverages, and tobacco Electricity, gas, and water; finance Source: Calculated from figures available from the IT/FDI Database.
Second, policies targeting OFDI further support internationalization. For instance, China, India, the Republic of Korea, Thailand, and Vietnam have adopted outward FDI policies and regulations (UNCTAD, 2007). In general, fiscal and other incentives are frequently used to stimulate OFDI, as in the case of loans on preferential terms, tax rebates, and investment insurance provided by the Chinese government. In some cases, regulations target specific host markets, as in the case of Chinese investment in Africa.
The Emergence of Southern Multinationals: Their Impact on Europe by Louis Brennan