Monday, 21 January 2019, 10:00-11:30 OECD Headquarters, room D
As part of the "DEV TALKS" Series
Mario Pezzini, Director of the OECD Development Centre and Special Advisor to the OECD Secretary General on Development, is pleased to invite you to a discussion on
Emerging Markets Reshaping Globalisation
With Lourdes Casanova, Senior Lecturer & Director, Cornell University’s Emerging Markets Institute, and Anne Miroux, Faculty Fellow, Cornell University’s Emerging Markets Institute
During the past fifteen years, the overseas expansion of enterprises from emerging economies, the so-called emerging market multinationals (eMNCs), has been remarkable. These eMNCs currently account for about a third of the global Fortune 500 compared to only 7% in 2005, with Chinese companies tripling their participation in the list in just eight years. The Emerging Market Multinationals Report (EMR) series produced by Cornell University, delves into this issue and its broader implications on the global economy.
The EMR 2018 looks at how multinational firms are continuing their ascension on the world stage as active global acquirers and pursuers of further brand and product market differentiation. Drs Lourdes Casanova and Anne Miroux, from Cornell University’s Emerging Market Institute, join us to unpack the implications of what they call the “significant changes that have taken place in the global economy since early 2018” such as the financial instability affecting some regions and escalating trade tensions. They will also explore some of the effects of structural transformations such as the development of digitised production systems, the rise of new development finance institutions such as the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB)—and the roll out of the Chinese Belt and Road Initiative. The report includes a specific contribution from the OECD’s EMnet team on digitalisation in emerging markets.
This discussion will be an opportunity to assess how eMNCs are contributing to globalisation, and conversely how they are impacted by an evolving international landscape. Our guest speakers will offer key examples about this in addition to case studies about eMNCs internationalisation strategies, the role of Chinese mergers and acquisitions as well as the evolution of global value chains.
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