Book Review: Karl P. Sauvant and Geraldine Mcallister, with Wolfgang A. Maschek (eds.) Foreign Direct Investments from Emerging Markets: The Challenges Ahead

Abstract

Over the last decade a significant amount of interest and, subsequently, a large literature has arisen on the topic of foreign direct investment undertaken by emerging market (EM) multinationals (MNEs). This volume is among the latest contributions to this literature. As stated in the preface, the volume shows that both academic researchers and policy makers are just beginning to come to grips with the most important analytical and policy issues that affect the world economy due to the rise of EM MNEs. The volume consists of contributions at the first Five-Diamond International Conference entitled Thinking Outward: Global Players from Emerging Markets, held in April 2008 at Columbia University, New York. Authors discuss issues relating to outward foreign direct investment (OFDI) from emerging markets such as new theory development, country-specific profiles of, for example, Brazil, Russia, India, China (BRIC), home-market policies, host-market policies, and future challenges, amongst others. Sauvant, K.P. and McAllister, G., with Maschek, W.A. (Eds.). (2010). Foreign direct investments from emerging markets: The challenges ahead. New York, NY: Palgrave MacMillan. (492 pages. ISBN #, 0-230-10021-X. US$175.00.) European Management Journal, 30, 204-218. Special Issue for the Second Copenhagen Conference on “Emerging multinationals: Outward FDI from emerging and developing economies”