Emerging Market Global Players (EMGP)
A major development in the global foreign direct investment (FDI) market over recent years has been the rapid rise of multinational enterprises (MNEs) from emerging markets. In furtherance of its overarching mission, CCSI aims to ensure more sustainable investment by these emerging-market MNEs.
The first step is to develop and strengthen empirical research on emerging-market MNEs and establish a sound basis for understanding and discussing the role of those entities in the world economy by identifying the major players and their salient features and drivers. This is essential because these new players are less well known than their developed-country counterparts, which have been part of the business landscape for many decades. The second step is to focus more closely on understanding and improving the relationship between emerging-market MNEs and sustainable development including, for example, the impacts of these investors on environmental and labor standards in host countries.
The Emerging Market Global Players (EMGP) project, a collaborative effort led by CCSI, brings together researchers on FDI from leading institutions in emerging markets to gather original data from company surveys and additional research and to produce annual reports based on their findings. Those EMGP reports identify the top multinationals from each of a number of emerging markets, provide detailed information on the key features of the firms’ activities abroad, and discuss other issues, including the underlying policy context influencing outward investment from those emerging markets and the impact of the MNEs on sustainable development.
Each report is posted on this website as well as on the website of the partner institution in the relevant country. The information in the reports, including the rankings by foreign assets, will be of interest to researchers, bankers, investors, and the media, as well as to multinational firms in many countries.
The EMGP project is coordinated by: Premilla Nazareth (Senior EMGP Global Coordinator and Editor), Lise Johnson (Head of Investment Law and Policy, CCSI) and Mario Saraiva (EMGP Global Coordinator).
For additional information, please contact Lise Johnson.
Cross-Country Analysis:
EMGP Reports by Country:
Argentina
Current Partner: Beatriz Nofal, Eco-Axis
- 2011 – Argentine multinationals remain industrially diversified and regionally focused
- 2009 – Spanish – Primer ranking de multinacionales Argentinas muestra un patrón
diversificado de empresas exitosas en la internacionalización - 2009 – First Ranking of Argentine multinationals finds diversified successes in internationalization
Brazil
Current Partner: São Paulo School of Business Administration (EAESP) of Fundação Getulio Vargas (FGV)
- 2018 – The Top 20 Brazilian Multinationals: A Long Way Out of the Crises
- 2017 – The Top 20 Brazilian Multinationals: Divestment under Crises
- 2016 – Leading Brazilian Multinational Enterprises: Trends in an Era of Significant Uncertainties and Challenges
- 2010 – Brazilian multinationals positive after the global crisis
- 2010 – PR – Brazilian multinationals positive after the global crisis
- 2009 – Ranking of Brazilian multinationals finds internationalization steadily increasing
- 2007 – Brazil’s Multinationals Take Off
Chile
Current Partner: United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and Institute of International Studies of the University of Chile (IEI)
- 2013 – A snapshot of Chile’s 20 largest multinational enterprises in 2011 Sustained growth in South America
- 2011 – The top 20 multinationals from Chile in 2010: Retail, forestry and transport lead international expansion
China
Current Partner: School of Business, Central University of Finance and Economics
- 2016 – The Top 20 Chinese Multinationals: Changes and Continued Growth of Foreign Investment
- 2010 – Chinese multinationals gain further momentum
- 2009 – Second ranking survey finds strong growth in the foreign assets of Chinese multinationals
- 2008 – Spanish – Las multinacionales chinas muestran un progreso sostenido
- 2008 – Chinese – 中国跨国企业稳步成长
- 2008 – Chinese Multinationals Make Steady Progress: The first-ever survey of the foreign assets held by large Chinese MNEs
Hungary
Current Partner: ICEG European Center
- 2015 – Hungarian Multinationals in 2013 – A Slow Recovery after the Crisis?
- 2013 – A Snapshot of the Leading Hungarian Multinationals 2011
- 2012 – MOL Group, the petrol company, continues to lead the ranking of Hungarian multinationals
- 2011 – Hungarian multinationals a strong presence in neighborhood, survey finds
India
Current Partner: Premila Nazareth Satyanand, foreigndirectinvestment.in and Nonresident Senior Fellow, National Council for Applied Economic Research
Israel
Current Partner: Manufacturers Association of Israel and Tel Aviv University
- 2013 – Outward FDI from Israel’s Largest MNEs Continues to Rise in 2011
- 2011 – Israeli multinationals back on track after a difficult year
- 2010 – II – Crisis moderates the expansion of Israeli multinationals
- 2010 – I – Israel’s leading multinationals continue to expand domestically and abroad despite the crisis
- 2009 – Ranking of Israeli MNEs
- 2008 – Israeli Multinationals Rise in Foreign Markets: Release of the first ranking of Israeli multinational enterprises
Korea
Current Partner: Graduate School of International Studies (GSIS), Seoul National University
- 2015 – The Top 20 Korean Multinationals: Changes and Continued Growth of Foreign Investment
- 2013 – The Korean Multinationals: Setback and Turnaround Investments
- 2010 – Korean multinationals show solid recovery after global crisis
Mexico
Current Partner: Institute for Economic Research at the National Autonomous University of Mexico
- 2019 – Uncertain Expectations of Mexican-American Economic and Trade Relations and Slowdown of Overall Mexican FDI. Click here to access the report highlights.
- 2017 – The Uneven Trends of Mexican MNEs: Between sluggishness and strength in the international markets text report and infogram, with information about ESG reporting and performance
- 2015 – Changing Characteristics of Large Mexican Multinationals during Legal Reforms
- 2013 – Updated Features of Large Mexican Multinationals, 2012
- 2013 – Taking Advantage of the Crisis: The Performance of Mexican Multinationals during 2011
- 2011 – Striving to overcome the economic crisis: Progress and diversification of Mexican multinationals’ export of capital
- 2010 – PR – Impact of global crisis on Mexican multinationals varies by industry, survey finds
- 2010 – Impact of global crisis on Mexican multinationals varies by industry, survey finds
- 2009 – First ranking survey of Mexican multinationals finds great diversity of industries
Poland
Current Partner: Institute for Market, Consumption and Business Cycles Research
- 2013 – Polish Multinationals: Expanding and seeking innovation abroad
- 2012 – Polish multinationals go beyond Europe
- 2011 – Survey on Polish multinationals finds geographic concentration and industrial diversity
Russia
Current Partner: Alexey Kuznetsov, Acting Director, Institute of Scientific Information for Social Sciences of the Russian Academy of Sciences (INION RAN)
- 2013 – Global Expansion of Russian Multinationals after the Crisis: Results of 2011
- 2011 – Investment from Russia stabilizes after the global crisis
- 2009 – Russian multinationals continue their outward expansion in spite of the global crisis
- 2008 – Emerging Russian Multinationals
- 2007 – Russian Multinationals Bullish on Foreign Markets
Slovenia
Current Partner: University of Ljubljana, Center of International Relations
- 2009 – Survey ranking Slovenian multinationals finds them small and vulnerable, but flexible and increasingly international
- 2008 – Slovenian Multinationals: Small but Growing Rapidly
South Africa
Current Partner: School of Economics, Potchefstroom, North-West University
- 2016 – An original ranking of South Africa’s Global Players for 2013-2015; See also this more visual version of the report.
Taiwan
Turkey
Current Partner: Istanbul Aydın University and the Foreign Economic Relations Board (DEIK)
- 2014 – Turkish OFDI Continues to Grow
- 2011 – Turkish MNEs steady on their course despite crisis, survey finds
- 2009 – Survey provides the first ever ranking of Turkish multinationals investing abroad
United Arab Emirates
Current Partner: Zayed University
Related work with CCSI contributions
Multilateral Investment Guarantee Agency (MIGA), the World Bank
Current EMGP partner institutions:
Argentina: Beatriz Nofal, Eco-Axis
Brazil: São Paulo School of Business Administration (EAESP) of Fundação Getulio Vargas (FGV)
Chile: United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and Institute of International Studies of the University of Chile (IEI)
China: School of Business, Central University of Finance and Economics
Colombia: Universidad Externado de Colombia
Egypt: American University in Cairo
Hungary: ICEG European Center
India: Premila Nazareth Satyanand, foreigndirectinvestment.in
Israel: Manufacturers Association of Israel and Tel Aviv University
Republic of Korea: Graduate School of International Studies (GSIS), Seoul National University
Mauritius: Board of Investment, Mauritius
Mexico: Institute for Economic Research at the National Autonomous University of Mexico
Poland: Institute for Market, Consumption and Business Cycles Research
Russia: Alexey Kuznetsov, Acting Director, Institute of Scientific Information for Social Sciences of the Russian Academy of Sciences (INION RAN)
Slovenia: University of Ljubljana, Center of International Relations
South Africa: School of Economics, Potchefstroom, North-West University
Turkey: Istanbul Aydın University and the Foreign Economic Relations Board (DEIK)
United Arab Emirates: Zayed University