The Paradigm of the Investment Development Path

2020 ◽  
pp. 1379-1391
Author(s):  
Marian Cătălin Voica ◽  
Mirela Clementina Panait ◽  
Irina Gabriela Radulescu
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
Multinational Enterprises ◽  
Developed Countries ◽  
Original Model ◽  
Foreign Direct Investments ◽  
Member States ◽  
Development Path ◽  
International Financial Crisis

This article describes how foreign direct investments (FDI) is one of the most important forces that influences the global economy. Along the last two and a half decades, the motivations and the field of interest of multinational enterprises (MNEs) mutated to new forms under the influence of globalization and the international financial crisis. Those two events had a dramatic impact on the evolution of inward and outward flow of FDI. The main scope of this article is to analyze the advance of the EU28 member states through the stages of the Investment Development Path (IDP) in the period from 1990 to 2014 and to explore the viability of the original model in nowadays global economy realities. The results show that FDI is useful to gauge the economics of lesser developed countries.

The Paradigm of the Investment Development Path

2018 ◽  
Vol 7 (1) ◽  
pp. 46-56
Author(s):  
Marian Cătălin Voica ◽  
Mirela Clementina Panait ◽  
Irina Gabriela Radulescu
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
Multinational Enterprises ◽  
Developed Countries ◽  
Original Model ◽  
Foreign Direct Investments ◽  
Member States ◽  
Development Path ◽  
International Financial Crisis

This article describes how foreign direct investments (FDI) is one of the most important forces that influences the global economy. Along the last two and a half decades, the motivations and the field of interest of multinational enterprises (MNEs) mutated to new forms under the influence of globalization and the international financial crisis. Those two events had a dramatic impact on the evolution of inward and outward flow of FDI. The main scope of this article is to analyze the advance of the EU28 member states through the stages of the Investment Development Path (IDP) in the period from 1990 to 2014 and to explore the viability of the original model in nowadays global economy realities. The results show that FDI is useful to gauge the economics of lesser developed countries.

Institutional and Economic Support for Renewable Energy Companies in China and eu Member States: Conflicting or Cooperative Industrial Policies?

2014 ◽  
Vol 13 (5-6) ◽  
pp. 728-754
Author(s):  
Li Xiaohua
Keyword(s):  
Renewable Energy ◽  
Financial Crisis ◽  
Solar Energy ◽  
Value Chain ◽  
Debt Crisis ◽  
Supply And Demand ◽  
Developed Countries ◽  
Member States ◽  
International Financial Crisis ◽  
Electricity Systems

This research examines the photovoltaic (pv) industry, which is the fastest growing source of renewable energy, as an example in order to illustrate the development history, the status of cooperation and conflict between eu and China, and to explain the reasons behind the phenomenon. The photovoltaic industry both in China and eu experienced a period of rapid growth before the international financial crisis, driven by the explosion of the pv installation capacity and pushed by supporting policies for solar energy in eu member states and other developed countries. After the international financial crisis and Europe’s sovereign-debt crisis, because of the cut off of subsidies for solar energy in eu member states, the supply and demand relationship in the pv market was reversed. There was a serious excess capacity throughout the world and a subsequent trade war between eu and China in 2012. China and the eu have different comparative advantages. The eu is good at pv technology, producing the equipment used in pv factories and has management experience relating to the running of pv electricity systems, while China is good at manufacturing pv modules at low cost due to its innovative manufacturing in the global value chain. If the China and the eu combine these benefits, they can achieve a win-win game: China could produce renewable products more efficiently and with low environmental pollution and it could improve its management of pv electricity systems; at the same time, the eu could get low prices and high quality pv modules and reach its renewable energy targets more easily.

Impact of foreign direct investment inflows on environmental pollution in Turkey

2016 ◽  
Author(s):  
Yilmaz Bayar
Keyword(s):  
Foreign Direct Investment ◽  
Environmental Pollution ◽  
Direct Investment ◽  
Global Economy ◽  
Developed Countries ◽  
Foreign Direct Investments ◽  
Causality Analysis ◽  
Causality Test ◽  
The Impact ◽  
Foreign Direct Investment Inflows

The globalization accelerated especially as of 1980s and the countries began to integrate global economy and remove the constraints on the flows of goods, services and capital. In this context, the developed countries partly shifted their environmentally hazardous production activities to the developing countries especially by means of foreign direct investments. This study investigates the impact of foreign direct investment inflows on the environmental pollution in Turkey during the period 1974-2010 by using Toda and Yamamoto (1995) causality test. We found that there was a bidirectional causality between foreign direct investment inflows and  emissions.Keywords: Foreign direct investment inflows,  emissions, causality analysis

scholarly journals The Effect of the Financial Crisis on the Jordanian Industrial Sector

2013 ◽  
Vol 2 (1) ◽  
pp. 43-47 ◽  
Author(s):  
Khaldoun Al-Qaisi
Keyword(s):  
Risk Management ◽  
Financial Crisis ◽  
Financial Statements ◽  
Developed Countries ◽  
Industrial Sector ◽  
Financial Data ◽  
Management Policy ◽  
Slight Effect ◽  
Industrial Enterprises ◽  
International Financial Crisis

The International financial crisis caused the recession of the industrial sector in most developed countries. The effect of the crisis in the developing countries was different. This research aimed at investigating the effect of international financial crisis on industrial sector in Jordan. Different financial ratios were estimated using the financial statements of the industrial enterprises for the period 2000-2008. The financial data were classified to two periods. The first period 2000-2005 and 2006-2008 for this purpose. The results show very slight effect on the industrial sector in Jordan results of the limitations of most companies on their activities as a part of risk management policy.

scholarly journals Opportunities and challenges for multiple-embeddedness through mergers and acquisitions in emerging economies

2015 ◽  
Vol 28 (5) ◽  
pp. 817-831 ◽  
Author(s):  
Surender Munjal ◽  
Vijay Pereira
Keyword(s):  
Financial Crisis ◽  
Mergers And Acquisitions ◽  
Cultural Differences ◽  
Emerging Economies ◽  
Multinational Enterprises ◽  
Quantitative Methods ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Content Type ◽  
Practical Implications

Purpose – The purpose of this paper is to examine opportunities and challenges from multiple-embeddedness of developed countries multinational enterprises (DMNEs) in emerging economies. It further investigates the effect of global financial crisis on the DMNE’s embeddedness strategies. Design/methodology/approach – Utilising POLS regression on secondary data bases, such as World Bank Development Indicators, over two period, first, from 2003 to 2007 (pre global financial crisis period), and second, from 2008 to 2012 (post global financial crisis), this study models the advantages and challenges faced by DMNEs into emerging markets. Findings – Findings suggest that challenges in terms of institutional and cultural differences have decreased over time. This may be due to the DMNE’s experience of operating in emerging economies. Research limitations/implications – Since the global financial crisis is on-going, further changes in terms of opportunities and challenges are yet to be uncovered. Further investigations using qualitative designs are also warranted because many qualitative phenomena, such as cultural differences, cannot be captured through purely quantitative methods. Practical implications – There are two practical implications. First, policy makers can appreciate the change in the economic gravity in the current scenario. Openness of economies may further bring in economic equilibrium in favour of emerging economies. Second, managers of businesses looking to internationalise should pay attention towards changing market conditions and requirements in emerging economies. Social implications – This paper portrays the importance emerging economies which consist of a large proportion of the world’s population. Originality/value – In the current economic scenario, this paper seeks to highlight the opportunities and challenges for multiple embeddedness through mergers and acquisitions in emerging economies, which is seen to be timely and topical and at the same time advances the theoretical knowledge and practical implications.

scholarly journals Expatriate Management of Emerging Market Multinational Enterprises: A Multiple Case Study Approach

2021 ◽  
Vol 14 (6) ◽  
pp. 252
Author(s):  
Yifan Zhong ◽  
Jiuhua Cherrie Zhu ◽  
Mingqiong Mike Zhang
Keyword(s):  
Global Economy ◽  
Multinational Enterprises ◽  
Emerging Market ◽  
Multiple Case Study ◽  
Cultural Adjustment ◽  
Developed Countries ◽  
Structured Interviews ◽  
Expatriate Management ◽  
Multiple Case

Expatriate management has evolved through the practices of developed economy multinational enterprises (DMNEs), with the aim of improving expatriate adaptability, cross-cultural adjustment, and performance. However, most of these studies focus on expatriates from developed countries and try to help DMNEs instead of emerging market MNEs (EMNEs). In a turbulent global economy, how EMNEs manage their expatriates when conducting business through their outward foreign direct investment (FDI) is understudied. This empirical study aims to address this research gap by utilising a qualitative approach and a multiple case study. It has conducted semi-structured interviews with expatriates, executives, and middle managers of Chinese MNEs in 2014. It contributes as one of the few to systematically examine expatriate related issues in the context of EMNEs with first-hand empirical evidence. The findings show that EMNEs are leapfrogging with their internationalisation and hence their expatriate policies are often ad hoc without systematic planning. Moreover, this study has contributed to practice, especially to EMNEs, regarding the way they need to improve their expatriate policies and practices.

scholarly journals Impact of the covid-19 crisis on global financial imbalances

2020 ◽  
Vol 3 (2) ◽  
pp. 42-52
Author(s):  
Valentina Fetiniuc ◽  
Ivan Luchian
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Negative Consequences ◽  
Market Values ◽  
International Financial Crises ◽  
Transnational Companies ◽  
Remedial Actions

Abstract Following the synthesis of theories related to the mechanisms of international financial crises, authors Kovalev and Paseko developed the Model of global imbalance synergy, which substantiates the idea of generating economic and financial crisis situations globally by manifesting the chain of different imbalances. The model starts from global monetary and demographic imbalances, which determine the imbalances between real and financial sector of global economy, as well as real and market values of transnational companies. Together they all lead to imbalances in the distribution of global wealth in industrially developed and developing countries, as well as imbalance between consumption and income in industrially developed countries. Studies in this area have demonstrated the viability and usefulness of this model. The current situation tends to make some clarifications in this model. First of all, it is about the onset of a pro-cyclical economic crisis in 2018, against the background of which in 2020 an economic crisis of a pandemic nature began. Secondly, the latter tends to exacerbate global imbalances, which may ultimately trigger a global financial crisis. The situation is exacerbated by global trade conflicts with negative consequences, continued currency clashes and inflated financial bubbles. This situation requires urgent remedial actions at the global level.

Global Financial Crisis and Its Impact on Russia

2009 ◽  
pp. 9-27 ◽  
Author(s):  
A. Kudrin
Keyword(s):  
Monetary Policy ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Central Bank ◽  
Global Financial Crisis ◽  
Developed Countries ◽  
Real Economy ◽  
Energy Prices ◽  
Russian Government ◽  
The Real

The article examines the causes of origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007—2008 to deal with it. It considers the effects of the financial crisis on Russia’s economy and monetary policy of the Central Bank in the current conditions as well as the main guidelines for the fiscal policy under different energy prices. The measures for fighting the crisis that the Russian government and the Central Bank use to support the real economy are described.

International Financial Crisis: Expectation Transmission and Policy Synchronisation

2020 ◽  
Author(s):  
Guofeng Sun ◽  
Wenzhe Li ◽  
Qiong Liu ◽  
Chunyi Zhang ◽  
Jingxuan Song
Keyword(s):  
Financial Crisis ◽  
International Financial Crisis
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