The Competitive Advantage of Emerging Market Multinationals: Cross-border M&A by the new multinationals: different reasons to ‘go global’

The past decade has seen a rise in the importance of emerging economies as sources and recipients of foreign direct investment (FDI) and a rise in cross-border mergers and acquisitions (MA gaps in resources, assets and capabilities; the structures and strategies of local flagship firms; and the role of government, all vary significantly. This in turn creates variety in the internationalisation strategies of these new multinationals.