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This chapter explores the growing influence of multinational enterprises (MNEs) from developing economies, especially those in the Global South, in global markets. In 2022, MNEs from these regions represented 35% of global foreign direct investment (FDI), with China leading the charge. Countries like India, Brazil, and the UAE are also witnessing rapid growth. The chapter examines the role of government policies, economic strategies, and cultural ties in shaping the international expansion of these MNEs. A key focus is the rise of South-South trade, highlighted by China's expanding influence in Africa and Latin America through initiatives such as the Belt and Road Initiative. This shift is reshaping global business dynamics and fostering the growth of the value-for-money sector in developed nations. Despite the progress, obstacles like protectionism, cultural barriers, and reputational challenges remain, though emerging MNEs continue to outperform their counterparts from developed markets.

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Globalization from the Bottom Up: The Growth of Multinational Enterprises from Emerging Economies

  • 章节

  • 发表日期：

    2025年

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  • Nir Kshetri

摘要

This chapter explores the growing influence of multinational enterprises (MNEs) from developing economies, especially those in the Global South, in global markets. In 2022, MNEs from these regions represented 35% of global foreign direct investment (FDI), with China leading the charge. Countries like India, Brazil, and the UAE are also witnessing rapid growth. The chapter examines the role of government policies, economic strategies, and cultural ties in shaping the international expansion of these MNEs. A key focus is the rise of South-South trade, highlighted by China's expanding influence in Africa and Latin America through initiatives such as the Belt and Road Initiative. This shift is reshaping global business dynamics and fostering the growth of the value-for-money sector in developed nations. Despite the progress, obstacles like protectionism, cultural barriers, and reputational challenges remain, though emerging MNEs continue to outperform their counterparts from developed markets.