Final Reflections: Emerging Market Multinational Enterprises in East Central Europe

In Szunomár, Á. (Ed.) Emerging-market Multinational Enterprises in East Central Europe. (Studies in Economic Transition Series) Cham: Palgrave Macmillan: 313–321 (2020).

Posted: 21 Dec 2020

See all articles by Ágnes Szunomár

Ágnes Szunomár

Institute of World Economics

Tamás Gerőcs

affiliation not provided to SSRN

Judit Kiss

affiliation not provided to SSRN

Tamás Peragovics

affiliation not provided to SSRN

Judit Ricz

affiliation not provided to SSRN

Miklós Szanyi

Hungarian Academy of Sciences (HAS) - Institute for World Economics

Tamás Szigetvári

Institute of World Economics of the Hungarian Academy of Sciences

Katalin Völgyi

affiliation not provided to SSRN

Csaba Weiner

Hungarian Academy of Sciences (HAS) - Institute of World Economics

Date Written: December 6, 2020

Abstract

Although the current status of East Central European (ECE) countries in the process and level of their integration into global business varies, a rather general phenomenon is the exhaustion of the foreign direct investment (FDI)-led development model, at least its dominant version of the 1990s and early 2000s. On the one hand, this is a result of multinational affiliates’ isolated and strongly integrated presence in a strictly designed international cooperation system with no physical contact with local firms to deliver spillovers. On the other hand, even those affiliates that are entangled in the development of local supplier networks deliver spillovers only to a limited level. As a consequence, they are not becoming primary players of innovative local business clusters, while the design of affiliates’ activity range is usually specialized on low value-added segments of global value chains (GVC).

Keywords: outward foreign direct investment, multinational enterprises, ASEAN, Brazil, China, India, Russia, South Africa, South Korea, Taiwan, Turkey, Central and Eastern Europe, pull factors, push factors

Suggested Citation

Szunomár, Ágnes and Gerőcs, Tamás and Kiss, Judit and Peragovics, Tamás and Ricz, Judit and Szanyi, Miklós and Szigetvári, Tamás and Völgyi, Katalin and Weiner, Csaba, Final Reflections: Emerging Market Multinational Enterprises in East Central Europe (December 6, 2020). In Szunomár, Á. (Ed.) Emerging-market Multinational Enterprises in East Central Europe. (Studies in Economic Transition Series) Cham: Palgrave Macmillan: 313–321 (2020)., Available at SSRN: https://ssrn.com/abstract=3743549

Ágnes Szunomár (Contact Author)

Institute of World Economics ( email )

Bucharest
Romania

Tamás Gerőcs

affiliation not provided to SSRN

Judit Kiss

affiliation not provided to SSRN

Tamás Peragovics

affiliation not provided to SSRN

Judit Ricz

affiliation not provided to SSRN

Miklós Szanyi

Hungarian Academy of Sciences (HAS) - Institute for World Economics ( email )

P.O. Box 936
Budapest, H-1535
Hungary

Tamás Szigetvári

Institute of World Economics of the Hungarian Academy of Sciences ( email )

Hungary

Katalin Völgyi

affiliation not provided to SSRN

Csaba Weiner

Hungarian Academy of Sciences (HAS) - Institute of World Economics ( email )

Tóth Kálmán utca 4
Budapest, 1097
Hungary

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