Chinese Multinationals Gaining Global Dominance

Lourdes Casanova; Anne Miroux

doi:10.1344/jesb2024.46919

Autores/as

Lourdes Casanova Cornell University https://orcid.org/0000-0003-3524-1499
Anne Miroux Cornell University https://orcid.org/0000-0002-6091-5267

DOI:

https://doi.org/10.1344/jesb2024.46919

Palabras clave:

Multinacionales chinas, internacionalización, fusiones y adquisiciones, inversiones, Greenfield, inversión extrangera directa, negocios globales, innovación

Resumen

Las empresas chinas se han convertido en actores clave de la economía global. Su ascenso es una característica definitoria desde principios de siglo. En este artículo analizamos el ascenso de las empresas chinas en los negocios globales, los factores detrás de su surgimiento y cómo han alterado el panorama competitivo global. A través del estudio empírico de grandes muestras de empresas y la ayuda de bases de datos como Capital IQ, FdI Markets y SDC Platinum, el documento examina el crecimiento de los ingresos y la expansión global de las empresas chinas, destacando, entre otras cosas, las tendencias en la distribución y los modos geográficos y sectoriales. de entrada en los mercados exteriores. El documento también presta especial atención al ascenso de las empresas chinas como innovadoras globales e incluye varios estudios de casos en industrias clave. El documento concluye que, si bien la expansión global de las empresas chinas se benefició de un entorno global favorable, las actuales guerras comerciales y tensiones geopolíticas pueden ser más desafiantes.

Descargas

Los datos de descargas todavía no están disponibles.

Biografía del autor/a

Lourdes Casanova, Cornell University

Lourdes Casanova Gail and Rob Cañizares Director Emerging Markets Institute, Senior Lecturer Cornell S.C. Johnson College of Business, Cornell University since 2012. Formerly at INSEAD for 23 years. Named one of 50 most influential Iberoamerican intellectuals, one of 30 most influential Iberoamerican women intellectuals by Esglobal. 2024 honorary professor Amity University Dubai. Fulbright Scholar, Masters University of Southern California, PhD University of Barcelona.

Co-editor with F. Cahen A. Miroux: From copycats to Leaders: Innovation from Emerging Markets. Cambridge University Press. with A. Miroux: The Era of Chinese Multinationals. Academic Press. Elsevier 2019. Emerging Market Multinationals Report 2023, 2022, 2021, 2020, 2019, 2018, 2017 and 2016. Co-author with P. Cornelius, S. Dutta: Entrepreneurship and the Finance of Innovation in Emerging Markets. Academic Press. Elsevier. With J. Kassum: The Political Economy of an Emerging Global Power: In search of the Brazilian Dream, Palgrave Macmillan 2014, author Global Latinas: Latin America’s emerging multinationals Palgrave Macmillan 2009. Former member Global Agenda Council, Competitiveness in Latin America World Economic Forum, B20 Task Force in G20 summit, Los Cabos (2012). Board member Boyce Tompson Institute. Co-founder Ithaca Hub of Global Shapers. Op-ed writer Latin Trade, Agenda Publica contributor to CNN en español, El País and Voice of America.

Anne Miroux, Cornell University

Anne Miroux is a Faculty Fellow at the Emerging Markets Institute, Johnson School of Management at Cornell University. She has over 30 years of experience in international trade and finance. She began her career in the United Nations Centre on Transnational Corporations in New-York, and later joined the United Nations Conference on Trade and Development (UNCTAD) where she specialized on developing country debt, foreign direct investment, transnational corporations, and technology and innovation policies. Until late 2015, she was the Director of the Division on Technology and Logistics in UNCTAD, and Head of the Secretariat of the UN Commission on Science and Technology for Development (CSTD).

For several years, Anne Miroux directed the World Investment Reports (WIR), the United Nations flagship report on FDI and transnational corporations and served as the Editor of the UN Transnational Corporations Journal. She is the co-author, with L.Casanova, of the Emerging Market Multinationals Report 2020, 2019, 2018, 2017 and 2016, and of The Era of Chinese Multinationals, Academic Press, Elsevier 2019, and co-editor with F. Cahen and L. Casanova of From copycats to Leaders: Innovation from Emerging Markets. Cambridge University Press. ISBN 978-1-108-48686-6. 2021

Anne Miroux is a member of the Advisory Board of the Technology and Management Center of the Department of International Development at Oxford University. She is also senior editor of the Transnational Corporations Review.

Anne Miroux has an MBA from HEC, Ecole des Hautes Etudes Commerciales, and graduated from IEP (Institut d'Etudes Politiques – _Paris). She holds a PHD in Economics from University of Paris I - Sorbonne.

Citas

BYD. 2022. “Byd Discontinues Gas-Only Auto Line To Focus On Phev And Pure Electric Tech.” April 4. https://en.byd.com/news/byd-discontinues-gas-only-auto-line-to-focus-on-phev-and-pure-electric-tech/.

Cadell, Cate. 2022. “Drone company DJI obscured ties to Chinese state funding, documents show.” Washington Post, February 1. https://www.washingtonpost.com/national-security/2022/02/01/china-funding-drones-dji-us-regulators/ Accessed by March 2024.

Cahen, Fernanda; Lourdes Casanova, and Anne Miroux, editors. 2021. From Copycats to Leaders: Innovation from Emerging Markets. Cambridge: Cambridge University Press. https://doi.org/10.1017/9781108764407.

Casanova, Lourdes, and Anne Miroux. 2020a. Emerging Markets Report 2020. Ten years that changed Emerging Markets. Building Constructive Engagement. Ithaca: eCommons Cornell University. Emerging Markets Institute. https://doi.org/10.7298/cvhn-dc87

Casanova, Lourdes, and Anne Miroux. 2020b. The Era of Chinese Multinationals. Competing for Global Dominance. Oxford: Elsevier Academic Press. https://doi.org/10.1016/C2018-0-01595-9.

Casanova, Lourdes, and Anne Miroux. 2022. Emerging Markets Report 2022: Reinventing Global Value Chains. Ithaca: eCommons Cornell University. Emerging Markets Institute. Cornell S.C. Johnson College of Business. https://doi.org/10.7298/9j27-ng36. [Second version https://ecommons.cornell.edu/handle/1813/112770.2].

Casanova, Lourdes, Anne Miroux, and X. Ye, forthcoming, “China private sector innovators: established disruptors and new challengers” in Diego Finchelstein, Juana Garcia and Veneta Andonova, editors “Unicorns from Emerging Markets: creating value through technology and innovation”, Cambridge University Press.

Cheng, Selina, River Davis, and Raffaele Huang. 2024. “Having Overtaken Tesla BYD Is Running Into Problems Overseas.” Walll Street Journal, March 12. https://www.wsj.com/business/autos/having-overtaken-tesla-byd-is-running-into-problems-overseas-7d883f02.

China Power Team. 2017. “How well of is China Middle Class”. The China Project, Center for Strategic and International Studies, Washington D.C. https://chinapower.csis.org/china-middle-class/. Accessed by March 2024.

Enerdata. 2024. “China’s State Grid will invest US$70bn in grid network construction in 2024.” https://www.enerdata.net/publications/daily-energy-news/chinas-state-grid-will-invest-us70bn-grid-network-construction-2024.html. Accessed by March 2024.

European Commission. 2015. “The EU industrial R&D Investment Scoreboard.” https://iri.jrc.ec.europa.eu/data. Accessed by March 2024.

European Commission. 2023. “The EU Industrial R&D Investment Scoreboard.” https://iri.jrc.ec.europa.eu/data. Accessed by March 2024.

Global Data. n.d.. “Global: Top Drones Patents Holders (2002-2022)”. Accessed October 2023. https://www.globaldata.com/data-insights/macroeconomic/global-top-drones-patents-holders-in-the--sector-2131651/. Accessed March 2024.

Haggin, Patience. 2017. “DJI Buys Majority Stake in Camera Maker Hasselblad.” Wall Street Journal, January 6. https://www.wsj.com/articles/dji-buys-majority-stake-in-camera-maker-hasselblad-1483732344. Accessed March 2024.

Ietto-Gillies, Grazia. 2021, “Transnationality in the XXI centure. Concept and Indicators”, Critical Perspectives on International Business, Vol. 3/18, pp. 338-361, https://doi.org/10.1108/cpoib-11-2020-0135.

Kiderlin, Sophie. 2023. “Volvo shares tumble to record low as Chines owner Geely sells off stock” CNBC, November 17. https://www.cnbc.com/2023/11/17/volvo-shares-tumble-to-record-low-as-parent-company-sells-shares.html

Lin, Liza, and Raffaele Huang. 2024. “Huawei Bounces Back From U.S. Sanctions as Profit Doubles.” Wall Street Journal, March 29. https://www.wsj.com/business/earnings/huaweis-2023-net-profit-more-than-doubled-as-revenue-rose-b1b6d971. Accessed March 2024.

Lu, Marcus. 2023. “Global EV production: BYD surpasses Tesla.” Visual Capitalist. https://www.visualcapitalist.com/global-ev-production-byd-surpasses-tesla/. Accessed March 2024.

MOFCOM. 2023. Statistical Bulletin of China’s Outward Foreign Direct Investment 2022. Beijing: Ministry of Commerce of the People Republic Of China, national Bureau of Statistics, State Administration of Foreign Exchange.

Quimbre, Fiona, Ismael Arcinegas Rueda, Her¡nry Van Soest, Jon Schmid, Howar J. Shatz, Timothy R. Heath, Michal Meidan, Andrea Wullner, Paul Dean, James Glynn, and Liam Regan.. 2023. China's Global Energy Interconnection, Exploring the Security Implications of a Power Grid Developed and Governed by China. Santa Monica, California: Rand Corporation. 108-112. Available at https://www.rand.org/pubs/research_reports/RRA2490-1.html. Accessed March 2024.

Renault Group. 2023. “Renault Group and Geely sign Joint Venture Agreement to launch Leading Powertrain Technology Company.” Published July 11. https://media.renaultgroup.com/renault-group-and-geely-sign-joint-venture-agreement-to-launch-leading-powertrain-technology-company/ Accessed March 2024.

Schmidt, Blake, and Ashlee Vance. 2020. “DJI Won the Drone Wars, and Now It’s Paying the Price.” Bloomberg, March 26. Accessed May, 23. https://www.bloomberg.com/news/features/2020-03-26/dji-s-drone-supremacy-comes-at-a-price#xj4y7vzkg. Accessed March 2024.

Statista. 2022. “Global market share of consumer and commercial drone manufacturers in March 2021, based on sales volume.” Accessed May. 2023. https://www.statista.com/statistics/1254982/global-market-share-of-drone-manufacturers/. Accessed March 2024.

Trentini, Claudia (2021), “A reassessment of UNCTAD’s transnationality indices in the digital economy”, Transnational Corporations, Vol. 3/28, pp. 201-216, https://doi.org/10.18356/2076099x-28-3-10.

Wei Yap, Cuin. 2023. “How states use subsidies to impede trade.” Hinrich Foundation. https://www.hinrichfoundation.com/research/wp/trade-distortion-and-protectionism/how-states-use-subsidies-to-impede-trade/. Accessed by March 2024.

Multinacionales chinas ganando preponderancia mundial

Autores/as

DOI:

Palabras clave:

Resumen

Descargas

Biografía del autor/a

Lourdes Casanova, Cornell University

Anne Miroux, Cornell University

Citas

Descargas

Publicado

Cómo citar

Número

Sección

Licencia

Artículos más leídos del mismo autor/a

Copyright Notice Edit Edit Copyright Notice

Desarrollado por

Idioma