Publication

This paper focuses on the role of emerging multinationals as knowledge-transfer agents. One of the most significant changes in the global economy today is the strong increase in outgoing foreign direct investment (OFDI) from emerging economies to industrialized countries. The paper unravels the distinguishing features of emerging multinationals (as compared to "traditional" multinationals) and discusses the usefulness of conventional theoretical concepts in explaining this new phenomenon. The authors further set out to launch a research agenda for near-future research on emerging multinationals, with a particular focus on the economic geography of international knowledge flows.