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Emerging markets
About: Emerging markets is a research topic. Over the lifetime, 34236 publications have been published within this topic receiving 702270 citations.
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01 Jan 1996TL;DR: The history of the international economy is described in detail in this article, where the authors discuss the contours of globalization and the history of international economy. But they focus on the internationalization of business activity.
Abstract: Preface Acknowledgements Chapter One Introduction: The Contours of Globalization Chapter Two Globalization and the History of the International Economy Chapter Three Multinational companies and the internationalization of business activity Chapter Four Globalization and International Competitiveness Chapter Five Emerging Markets and the Advanced Economies Chapter Six Supra-national Regionalization or Globalization Chapter Seven General Governance Issues Chapter Eight Globalization, Governance and the Nation State Notes for 3rd edition References
1,541 citations
TL;DR: A review and introduction to the Special Issue on Strategy Research in Emerging Economies as mentioned in this paper considers the nature of theoretical contributions thus far on strategy in emerging economies and classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies, (3), firms from emerging economies entering other emerging economies.
Abstract: This review and introduction to the Special Issue on ‘Strategy Research in Emerging Economies’ considers the nature of theoretical contributions thus far on strategy in emerging economies. We classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies; (3) firms from emerging economies entering other emerging economies; and (4) firms from emerging economies entering developed economies. Among the four perspectives examined (institutional theory, transaction cost theory, resource-based theory, and agency theory), the most dominant seems to be institutional theory. Most existing studies that make a contribution blend institutional theory with one of the other three perspectives, including seven out of the eight papers included in this Special Issue. We suggest a future research agenda based around the four strategies and four theoretical perspectives. Given the relative emphasis of research so far on the first and second strategic options, we believe that there is growing scope for research that addresses the third and fourth.
1,540 citations
TL;DR: In this paper, the authors conceptualize and empirically test a model that links different types of strategic orientations and market forces, through organizational learning, to breakthrough innovations and firm performance.
Abstract: Does market orientation impede breakthrough innovation? To date, researchers have presented opposing arguments with respect to this important issue. To address this controversy, the authors conceptualize and empirically test a model that links different types of strategic orientations and market forces, through organizational learning, to breakthrough innovations and firm performance. The results show that a market orientation facilitates innovations that use advanced technology and offer greater benefits to mainstream customers (i.e., technology-based innovations) but inhibits innovations that target emerging market segments (i.e., market-based innovations). A technology orientation is beneficial to technology-based innovations but has no impact on market-based innovations, and an entrepreneurial orientation facilitates both types of breakthroughs. Different market forces (demand uncertainty, technology turbulence, and competitive intensity) exert significant influence on technology- and market-...
1,501 citations
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TL;DR: This article analyzed the behavior of exchange rates, reserves, monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice.
Abstract: In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates-- soft pegs'--for these meltdowns. Adherents to that view advise countries to allow their currency to float. We analyze the behavior of exchange rates, reserves, the monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice. We find that, countries that say they allow their exchange rate to float mostly do not--there seems to be an epidemic case of fear of floating.' Since countries that are classified as having a free or a managed float mostly resemble noncredible pegs--the so-called demise of fixed exchange rates' is a myth--the fear of floating is pervasive, even among some of the developed countries. We present an analytical framework that helps to understand why there is fear of floating.
1,433 citations
TL;DR: In this article, a study of firm-level corporate governance practices across emerging markets, and a greater understanding of the environments under which corporate governance matters more is provided, and the authors provide evidence showing that firms can partially compensate for ineffective laws, and enforcement by establishing good governance, and providing credible investor protection.
1,429 citations