How did emerging market multinationals internationalize successfully?
Emerging market multinational enterprises (EM-MNEs) are the new kids on the block. When Forbes magazine first released its list of the world’s largest 2000 companies in 2003, the list was dominated by companies from the USA, Japan, and Britain. In the latest “Global 2000” list, companies from China and other emerging markets feature prominently. In 2014, 674 companies came from Asia, compared with 629 from North America and 506 from Europe.