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Emerging Market Multinationals and Europe pp 37–48Cite as

Why Are Emerging Market Multinationals Different? Challenges of a New Version of State Capitalism

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Abstract

This chapter is based on the assumption that a major feature of emerging market multinationals appears to be their close relationship with their home country states. To be sure, many Western multinational corporations (MNCs) cultivate close relationships with their home states as well (as, for instance, recently witnessed in the case of the rescue operations for the financial sector), but this chapter investigates the special quality of the relationship between the state and major corporations originating from countries outside of the recent center of the world economy, as well as exploring how this special quality affects the cross-border activities of these corporations. In order to address this task, it opts for an integration of approaches traditionally kept separate because of the conventional disciplinary separation between international business and political economy. This integration demonstrates that the expansion of emerging market multinationals heralds a new wave of state capitalism.

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Notes

  1. 1.

    This work expands on ideas previously developed in Nölke (2013, 2014b).

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Authors and Affiliations

  1. Department Social Sciences, Goethe University, Frankfurt/Main, Germany

    Andreas Nölke

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  1. Andreas Nölke
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Correspondence to Andreas Nölke .

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Editors and Affiliations

  1. University of Applied Sciences BFI Vienna, Vienna, Austria

    Andreas Breinbauer , Johannes Jäger  & Andreas G. M. Nachbagauer ,  & 

  2. Trinity College Dublin, The University of Dublin, Dublin, Ireland

    Louis Brennan

  3. Department Social Sciences, Goethe University, Frankfurt/Main, Germany

    Andreas Nölke

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Nölke, A. (2019). Why Are Emerging Market Multinationals Different? Challenges of a New Version of State Capitalism. In: Breinbauer, A., Brennan, L., Jäger, J., Nachbagauer, A.G.M., Nölke, A. (eds) Emerging Market Multinationals and Europe. Springer, Cham. https://doi.org/10.1007/978-3-030-31291-6_3

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