EMGP Project
In the integration process of the global economy, outward foreign direct investment (OFDI) is no longer an activity utterly undertaken by firms from developed countries. The growth of multinational enterprises (MNEs) from Emerging markets is beginning to focus attention around the world on the role of these new Players. Three decades ago, FDI flows were not given much attention, as they amounted to only about $50 billion. Through the 1990s, flows rose rapidly. By 2007, world FDI flows had risen to about $1.5 trillion, with the stock of such investment estimated to be approximately $14 trillion. The sales associated with this investment are estimated at about $25 trillion, nearly twice world exports.
In this respect, The Emerging Market Global Players (EMGP) Project, a collaborative effort led by the VCC, brings together researchers on FDI from leading institutions in emerging markets to identify annually and rank emerging market based multinational enterprises (MNEs). The ranking lists – based on the level of foreign assets held by emerging market MNEs – and their accompanying analysis should be of interest to researchers, academics, bankers, investors, the media, and MNEs.
More than a dozen ranking lists are scheduled to be published, covering some 250 emerging market MNEs from: Brazil, China, Colombia, Hong Kong (China), Hungary, India, Israel, Republic of Korea, Russia, Slovenia, South Africa, Taiwan Province of China, and Turkey. All of the MNE ranking lists will be posted on VCC’s website and of the partner institutions.
As of June 2009, ranking lists of Indian, Russian, Chinese, Brazilian, Slovenian, and Israeli firms has been published.
To access and download reports: http://vcc.columbia.edu/projects/#Emerging