A distinguished group of international business scholars explore how firms internationalize in today's global economy.

List of figures; List of tables; Abbreviations; List of contributors; Acknowledgements; Part I. Introduction: 1. Why study emerging market MNEs? Ravi Ramamurti; 2. Third world multinationals: a look back Louis T. Wells, Jr; 3. Theoretical aspects of MNEs from emerging markets Alan Rugman; 4. Does firm ownership matter? POEs vs. FOEs in the developing world Alice H. Amsden; Part II. Country Studies: 5. Chinese multinationals: emerging through new global gateways Peter Williamson and Ming Zeng; 6. Indian multinationals: generic internationalization strategies Ravi Ramamurti and Jitendra V. Singh; 7. Russian multinationals: natural resource champions Daniel J. McCarthy, Sheila M. Puffer and Oleg S. Vikhanski; 8. Brazilian multinationals: surfing the waves of internationalization Afonso Fleury and Maria Tereza Leme Fleury; 9. South African multinationals: building on a unique legacy Andrea Goldstein and Wilson Prichard; 10. Mexican multinationals: lessons from Cemex Donald R. Lessard and Rafel Lucea; 11. Thai multinationals: struggling to enter the big league Pavida Pananond; 12. Israeli multinationals: competing from a small open economy Yair Aharoni; Part III. Conclusions: 13. What have we learned about emerging-market MNEs? Ravi Ramamurti; Index.