ABSTRACT
This chapter aims to identify and analyse the set of multinational enterprises (MNEs) registered and based in the world's emerging markets. It discusses the MNEs from emerging markets in the list of the 500, which numbered 32 in 2001. The chapter identifies this set of 32 MNEs from emerging markets. As most of these are from the Asia Pacific, the substantive theoretical analysis of their performance will focus upon a set of Chinese MNEs. The 16 Chinese MNEs already in the 2004 list of the world's 500 largest firms provide perhaps the most interesting challenge to theories of international business, international economics and explanations of foreign direct investment. The World Bank categorized eight Asian countries into three groups: first, Japan; second, the first-generation, newly industrialized countries; third, the second-generation, newly industrializing countries. The chapter reviews the relevant theory needed to analyse MNEs from such emerging markets. It explores the implications of the data on emerging economy multinationals.
