The emergence of a "second wave" of developing-country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. This paper documents how emerging markets' MNEs (EM-MNEs) may follow quite different patterns to reach, or at least approach,...

A sustainable pathway for Africa in the twenty-first century is laid out in the setting of the development of innovation capabilities and the capture of latecomer advantages. Africa has missed out on these possibilities in the twentieth century while seeing the East Asian countries advance....

While the evidence accumulates that many countries are fashioning aspects of green development to complement their black, fossil-fueled industries, the case for a wholesale adoption of green development strategies is seldom made. Instead, it is frequently assumed that green development can only...

In this paper, we focus on firms' cyclical behavior in the global semiconductor industry. We demonstrate that these cyclical dynamics at the industry level differ from both the business cycles at the macro-economic level and the lengthy industrial technology life cycle. We discuss a range of...

Why has East Asia emerged as the global leader in green energy industries but—until recently—lagged on carbon emission reduction? What is new and distinctive about East Asia's approach to the green energy transition? And what does this approach mean for the world? This book provides the...

The mismatch between supply and demand caused by asymmetry of market information has long been an issue. This paper studies a two-tier supply chain model consisting of automaker and chip supplier with unstable supply and fluctuating prices. First, the influence of supplier’s reliability and...

The emergence of a "second wave" of developing-country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. These new MNEs did not delay their internationalisation until they were large, as did most of their predecessors, and often...

A sustainable pathway for Africa in the twenty-first century is laid out in the setting of the development of innovation capabilities and the capture of latecomer advantages. Africa has missed out on these possibilities in the twentieth century while seeing the East Asian countries advance....

A sustainable pathway for Africa in the twenty-first century is laid out in the setting of the development of innovation capabilities and the capture of latecomer advantages. Africa has missed out on these possibilities in the twentieth century while seei