Abstract
The forces of globalization in the last three decades have greatly reshaped the landscape of the world economy. In that process, an increasing number of firms from emerging markets have undergone fundamental transformation and experienced a rapid growth. Some of them have started looking for investment opportunities across the national borders. Many of these kinds of investments go to countries with institutional environments that are similar to their home base, but a few also invest in developed economies. This South—North type of foreign direct investment is a new phenomenon that has caught the attentions of business scholars as well as policy makers. Although the stories of Southern Multinationals’ expansion have been widely reported as the headlines in business news in recent times, systematic studies on this important phenomenon are scarce. Therefore it is worthwhile examining this new kind of multinational enterprise in order to gain a better understanding of its distinctive characteristics (UNCTAD, 2006).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H., and Zheng, P. (2007), ‘The Determinants of Chinese Outward Foreign Direct Investment’, Journal of International Business Studies, 38(4), 499–518.
Child, J. and Rodrigues, S. (2005), ‘The Internationalization of Chinese Firms: A Case for Theoretical Extension?’ Management and Organization Reviews, 1 (3), 381–410.
Dunning, J. and Lundan, S. (2008), Multinational Enterprises and the Global Economy, 2nd edn. Cheltenham, UK: Edward Elgar.
Guillen, M. and Garcia-Canal E. (2009), ‘The American Model of the Multinational Firm and the “New” Multinationals from Emerging Economies’, Academy of Management Perspectives, 23, 23–35.
Luo, Y. and Tung, R. (2007), ‘International Expansion of Emerging Market Enterprise: A Springboard Perspective’, Journal of International Business Studies, 38 (4), 481–98.
Ministry of Commerce of China, The Statistical Yearbooks on China’s Outward Foreign Direct Investment, various years.
Morck, R., Yeung, B., and Zhao, M. (2008), ‘Perspectives on China’s Outward Foreign Investment’, Journal of International Business Studies, 39 (3), 337–50.
UNCTAD (2006), World Investment Report 2006: FDI from Developing and Transition Economies. Geneva: United Nations.
Witt, M. A. and Lewin, A. (2007), ‘Outward Foreign Direct Investment as Escape Response to Home Country Institutional Constraints’, Journal of International Business Studies, 38 (4), 579–94.
Editor information
Editors and Affiliations
Copyright information
© 2011 Changqi Wu
About this chapter
Cite this chapter
Wu, C. (2011). Internationalization of China’s Enterprises and Its Implications for Europe. In: Brennan, L. (eds) The Emergence of Southern Multinationals. Palgrave Macmillan, London. https://doi.org/10.1057/9780230306165_5
Download citation
DOI: https://doi.org/10.1057/9780230306165_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31396-9
Online ISBN: 978-0-230-30616-5
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)