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[Emerging multinationals are active in a wide range of sectors, with an especially high profile in energy and construction. In particular, national oil companies have access to unprecedented levels of hard currency liquidity and an interest in investing abroad, either to reach a higher degree of vertical integration or to widen the geographical spread of their proven reserves. In the case of services, extensive South—South investment has accompanied the emergence of notable telecom companies, such as América Móvil and Orascom and, in air transport (where cross-border flows are very low), of some of the most international carriers, such as Emirates and Singapore Airlines.]
Published: Oct 6, 2015
Keywords: Multinational Company; Industry Categorization; Proven Reserve; Saudi Aramco; Credit Card Issuer
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