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Multinational Corporations from Emerging MarketsRussia’s Multinationals: Network State Capitalism Goes Global

Multinational Corporations from Emerging Markets: Russia’s Multinationals: Network State... [In the last few years, Russian multinationals have been subject to increasing attention, due to the spectacular growth of Russian foreign direct investment (FDI) during the 2000s, which set a new world record (Andreff, 2013). Efforts at explaining this extraordinary growth focused on separating real FDI (productive activities abroad) from its ‘fake’ cousins and on trying to adapt theories of multinationalization by introducing home-country variables. This chapter will build on this literature and ask what drives Russian multinational corporations (MNCs) abroad and what role state actors have in their investment behavior. In analogy to Mikler’s (Chapter 1) concern about the impact of the home-country context on MNCs, this chapter provides a thorough analysis of the domestic politicoeconomic context, of government capacities and policies, and investment behavior of the MNCs. Due to space constraints, the chapter will focus on the oil and gas industries, but will also include some evidence from the ferrous and nonferrous metals industries.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Multinational Corporations from Emerging MarketsRussia’s Multinationals: Network State Capitalism Goes Global

Part of the International Political Economy Series Book Series
Editors: Nölke, Andreas
Grätz, Jonas
Multinational Corporations from Emerging Markets — Dec 1, 2015
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18 pages

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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
ISBN
978-1-349-47156-0
Pages
90 –108
DOI
10.1057/9781137359506_6
Publisher site
See Chapter on Publisher Site

Abstract

[In the last few years, Russian multinationals have been subject to increasing attention, due to the spectacular growth of Russian foreign direct investment (FDI) during the 2000s, which set a new world record (Andreff, 2013). Efforts at explaining this extraordinary growth focused on separating real FDI (productive activities abroad) from its ‘fake’ cousins and on trying to adapt theories of multinationalization by introducing home-country variables. This chapter will build on this literature and ask what drives Russian multinational corporations (MNCs) abroad and what role state actors have in their investment behavior. In analogy to Mikler’s (Chapter 1) concern about the impact of the home-country context on MNCs, this chapter provides a thorough analysis of the domestic politicoeconomic context, of government capacities and policies, and investment behavior of the MNCs. Due to space constraints, the chapter will focus on the oil and gas industries, but will also include some evidence from the ferrous and nonferrous metals industries.]

Published: Dec 1, 2015

Keywords: European Union; Foreign Direct Investment; Outward Foreign Direct Investment; Weak Institution; Domestic Context

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