The Globalization of Business Firms from Emerging Economies

Business firms from the emerging markets of Asia, Africa, Eastern Europe and Latin America are becoming increasingly important players in the global economy. Owned and controlled by indigenous nations, these emerging transnational corporations are greatly influenced by the social and institutional contexts of their home countries. As a result of the process of globalization, these corporations are engaged in a diverse range of international operations including the establishment of wholly-owned foreign subsidiaries, to joint ventures and strategic alliances.