Foreign Direct Investment by Emerging Economy Multinationals: Coping with the Global Crisis

in Martin A. Marinov and Svetla T. Marinova, eds., Emerging Economies and Firms in the Global Crisis (Houndsmill: Palgrave Macmillan, 2013), pp. 14-46.

60 Pages Posted: 4 Mar 2016 Last revised: 29 Jun 2017

See all articles by Geraldine McAllister

Geraldine McAllister

Columbia University

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment

Date Written: 2013

Abstract

Even before the onset of the global crisis, the global market for foreign direct investment (FDI) had undergone significant changes. Foremost amongst these changes was the increasing importance of emerging market multinationals (MNEs). While outward foreign direct investment (OFDI) from these markets is, in itself, not new, the magnitude that this phenomenon achieved prior to the crisis and its resilience in the face of the global crisis suggest that this is not a temporary occurrence but rather a sign of a fundamental change that is taking place in the global OFDI market. However, emerging markets are not homogenous: in addition to the rise in OFDI from emerging markets, the formation of new regional groupings has led to the emergence of fresh investment patterns. This chapter examines changes taking place in global FDI flows and looks at the impact of the crisis in the context of profound structural changes; it also focuses on the response of emerging markets and the enormous risks and challenges that lie ahead. It is vital to note that this crisis is ongoing, and it is too early to predict the final contours it will leave in its wake on the FDI landscape.

Suggested Citation

McAllister, G and Sauvant, Karl P., Foreign Direct Investment by Emerging Economy Multinationals: Coping with the Global Crisis (2013). in Martin A. Marinov and Svetla T. Marinova, eds., Emerging Economies and Firms in the Global Crisis (Houndsmill: Palgrave Macmillan, 2013), pp. 14-46., Available at SSRN: https://ssrn.com/abstract=2740693

G McAllister

Columbia University ( email )

535 West 116th Street
New York, NY 10027
United States

Karl P. Sauvant (Contact Author)

Columbia University - Columbia Center on Sustainable Investment ( email )

Columbia Law School
435 W 116th Street
New York, NY 10027
United States

HOME PAGE: https://works.bepress.com/karl_sauvant/388/

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