Authors: Peter Kragelund; Godfrey Hampwaye
Addresses: Department of Society and Globalisation, Roskilde University, Building 23.2, Universitetsvej 1, DK-4000 Roskilde, Denmark. ' Department of Geography, University of Zambia, P.O. Box 32379, Lusaka, Zambia
Abstract: Processes of globalisation are currently changing the global activity of multinational companies (MNCs). 'Emerging' MNCs are competing with 'conventional' MNCs when investing in new markets. This article sets out to analyse the motives and strategies of Chinese and Indian MNCs investing in Zambia. It argues that despite the different home-country contexts of these investments, emerging MNCs depict differences as well as similarities. Moreover, the article maintains that existing theories explaining international production provide a suitable framework to understand 'emerging' patterns, but that more emphasis must be placed on the home and host contexts and how institutional features impact investment decisions.
Keywords: emerging multinationals; emerging multinational corporations; EMNCs; MNCs; Africa; China; India; Zambia; internationalisation; foreign direct investment; FDI; globalisation; state-driven investment; investment decisions.
International Journal of Technology and Globalisation, 2012 Vol.6 No.4, pp.352 - 368
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 11 Dec 2012 *