In partnership with the Emerging Markets Institute (EMI) at Cornell’s Johnson College of Management, the Transnational Corporations Review (TNCR) is going to contribute to promoting the emerging market multinational (eMNC) studies advised by Drs. Anne Miroux and Lourdes Casanova. On November 18, 2017, the TNCR team Hugh Dang and Gloria Yuan visited Cornell’s EMI for updating and discussing the collaborated initiatives. According to the U.S. News, Cornell S.C. Johnson School of Management is ranked at 16th among the U.S. business schools, with the Cornell University ranked at 23th in the global universities in 2017.
In the meeting, Anne and Lourdes talked about the importance of eMNC studies published by the EMI. Hugh updated Lourdes/Anne on the initiatives of the TNCR as an outlet for promoting eMNC studies. In line with the EMI’s goal, the TNCR team would continue to collaborate on emerging markets (EMs), especially China and other BRICS countries. With the Taylor & Francis (T&F) Publisher, the TNCR team is working on a special issue as a starting point to promote eMNC studies. The TNCR invites Anne and Lourdes to be the guest editors for the special issue.
As former Director. Division on Technology and Logistics of the United Nations Conference on Trade and Development (UNCTAD), Anne brought the TNCR team to the field of eMNC studies. Anne worked with Drs. Karl Sauvant, James Zhan and many other well-known experts on international investment and trade in UNCATD for over 20 years. Last February, Lourdes, Anne and Hugh had a conference call on the studies. From October 17 to 23, 2017, Anne was invited to China, one of significant EMs in the world, and gave a speech in an international conference, jointly organized by the School of Economics and Management at Xi’an University of Technology and the Transnational Corporations Council of Studies in Canada. Her speech was well-received by the audience from multiple countries.
In their Emerging Market Multinational Report (EMR) 2017, Anne and Lourdes indicate that the eMNCs drive outbound foreign direct investment (FDI) flow to a wide range of target markets. They also stress the remarkable inroads made by Emerging Market Multinationals in global business. Today, about a third of the Fortune Global 500 are from the E20, a group of top 20 emerging economies. Half of the E20 economies are home to companies in the Fortune Global 500, with China as the leader. The E20 has greatly contributing to global growth, accounting for almost half (48%) of global gross domestic product (GDP) in 2016 on a purchasing power parity (PPP) basis, compared with 30% in 2000.
Anne and Lourdes as the key members of the EMI have successfully coauthored two volumes of the Emerging Markets Reports. They want to contribute to a better understanding of the dramatic rise of eMNCs as well as its economic and societal implications. The first report is titled as The China Surge, released in 2016. According to the report, the emergence of China as a significant global acquirer is a distinctive feature of the new global investment landscape. The 2017 Report identified the EMs facing a new paradigm for more and further studies.
The TNCR would put an emphasis on building a platform related to eMNC studies directed by Anne and Lourdes as the TNCR’s special advisors. To promote eMNC studies, the TNCR team would work with the EMI experts to organize conferences, workshops and seminars networking with China and other EMs. With the EMI experts’ advice, the TNCR continues to develop joint events.
As a starting point, the TNCR team is pleased to work on a special issue for EMs in collaboration with the EMI. This special issue aims at promoting studies on eMNCs by selecting several high-quality papers. For example, it will include some of the content from the two EMRs along with other papers addressing relevant topics using different research methods, and also be translated the articles into Chinese when appropriate.
After the meeting, Lourdes and Anne invited Hugh and Gloria to Lourdes’ gorgeous home for an unforgettable supper, which combined both the Oriental and Occidental styles.
(Note: the information source from the EMR 2016 and 2017)