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Palgrave Macmillan

Multinational Corporations from Emerging Markets

State Capitalism 3.0

ISBN 9781137359490
Publication Date June 2014
Formats Hardcover Ebook (EPUB) Ebook (PDF) 
Publisher Palgrave Macmillan
Series International Political Economy Series

The rise of multinational corporations (MNCs) from emerging markets has been a major development during the last decade. An important feature of emerging market MNCs is their close relationship with home states. This book investigates this special kind of relationship and explores how it affects the cross-border activities of these corporations. In order to address this task, it opts for an integration of approaches traditionally kept apart because of the disciplinary separation between International Business and International Political Economy. Based on country case studies of the most important emerging markets, as well as of investigations into selected international institutions, it highlights the emergence of a third wave of state capitalism that is different from the previous two in the 19th and 20th centuries. State capitalism 3.0 is neither based on prohibitive tariffs, nor on one central command, but rather on a variety of formal and informal cooperative relationships between various public authorities and individual companies.

Andreas Nölke is Professor of International Relations and International Political Economy at Goethe University, Frankfurt, Germany. His publications include Transnational Private Governance and its Limits (co-edited with Jean-Christophe Graz, 2008) and The Transnational Politics of Corporate Governance Regulation (co-edited with Henk Overbeek and Bastiaan van Apeldoorn, 2007).

1. (Multi?)national Corporations and the State in Established Economies; John Mikler
2. Multinationals as an Instrument of Catch-up Industrialization: Understanding the Strategic Links between State and Industry in Emerging Markets; Terutomo
3. South Korean Multinationals after the Asian Financial Crisis: Towards Liberal Capitalism?; Seung-il Jeong
4. Private Chinese Multinationals and the Long Shadow of the State; Andreas Nölke
5. Russia's Multinationals: Network State Capitalism Goes Global; Jonas Grätz
6. Sector Creation and Evolution: The Role of the State in Shaping the Rise of the Indian Pharmaceutical Sectoral Business System; Heather Taylor
7. Financing the Expansion of Brazilian Multinationals into Europe: The Role of the Brazilian Development Bank (BNDES); Gilmar Masiero, Mario H. Ogasavaro, Luiz Caseiro and Silas Ferreira
8. How Policies shape Foreign Direct Investment: Examining Foreign Direct Investment from Latin America to the European Union; Judith Clifton, Daniel Diaz-Fuentes and Julio Revuelta
9. The Action-Reaction in the Global Trade: Comparing the Cases of Brazilian Chicken and Thai Tuna Industries; Suthikorn Kingkaew
Conclusion: State Support for Emerging Market Multinationals; Andreas Nölke

Louis Brennan, Trinity College Dublin, Ireland
Luiz Caseiro, University of São Paulo, Brazil
Judith Clifton, University of Cantabria, Spain
Daniel Díaz-Fuentes, University of Cantabria, Spain
Silas Ferreira Junior, University of São Paulo, Brazil
Jonas Grätz, Center for Security Studies, Switzerland
Seungil Jeong, Kookmin University, South Korea
Suthikorn Kingkaew, Thammasat Business School, Thailand
Gilmar Masiero, University of São Paulo, Brazil
John Mikler, University of Sydney, Australia
Andreas Nölke, Goethe University, Germany
Mario Henrique Ogasavara, Escola Superior de Propaganda e Marketing, Brazil
Terutomo Ozawa, Colorado State University, Graduate School of Business at Columbia University, United States
Julio Revuelta, University of Cantabria, Spain
Heather L. Taylor, Goethe University, Germany


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