This comprehensive study of the rise of multinational corporations from emerging economies explores the basis of their success. The need to compete internationally characterizes the current phase of globalization, and drives firms to invest abroad at an early stage of their history. Andrea...

The history of global foreign direct investment (Fdi) and of the rise of multinational enterprises is, to a large extent, the history of the global oil industry. In the twentieth century, oil-producing Asia was one of the main destinations of global oil Fdi flows and in the early twenty-first...