Foreign investment has surged across emerging markets. This unique comparative study presents the first systematic evidence on the entry mode, business environment and their interrelationships in emerging markets. It integrates strategic management and economic policy analysis, and provides new insights for both business managers and government policymakers.
The book investigates foreign direct investment (FDI) strategies in four important emerging economies: Egypt, India, South Africa and Vietnam. These countries liberalized their economies in the 1990s with the intention of attracting greater FDI inflows. This book assesses whether they have been successful in achieving this goal. The authors adopt a comparative perspective, and use a large enterprise survey plus three individual case studies in each country. They investigate the strategies of foreign direct investors, focusing on the relationship between the investment climate, the mode of entry (acquisition, greenfield or joint venture), company performance, and spillovers to the host economy. The book outlines how the interactions between international businesses and the local policy environment influence the entry strategies of firms. Academics and researchers with an interest in international business, emerging markets, economic development and strategic management will find this book informative and insightful.
Edited by Saul Estrin, Head, Department of Management, London School of Economics, UK and Klaus E. Meyer, China Europe International Business School, China
Contents: 1. Investment Strategies in Emerging Markets: An Introduction to the Research Project 2. Foreign Direct Investment in Egypt, India, South Africa and Vietnam: Comparative Empirical Results 3. Foreign Direct Investment in Egypt 4. Egyptian Case Studies 5. Foreign Direct Investment in India 6. Indian Case Studies 7. Foreign Direct Investment in South Africa 8. South African Case Studies 9. Foreign Direct Investment in Vietnam 10. Vietnam Case Studies 11. Conclusions for Management Research 12. Conclusions for Economic Policy Bibliography Index