The making of national giants: technology and governments shaping the international expansion of oil companies from Brazil and China
AbstractThis chapter analyses foreign direct investments (henceforth FDI) in the oil industry from two large emerging economies, Brazil and China, with the purpose to understand the role of Governments and technology in the internationalisation strategies of those firms. The chapter shows that the Brazilian oil company, Petrobras, internationalised in the 1970s in order to secure oil resources, and throughout time developed technological capabilities that explain its current success and worldwide expansion. Chinese firms have risen later and are making their outward moves in order to catch up technologically with the world's leading firms.
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Bibliographic InfoPaper provided by United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology in its series UNU-MERIT Working Paper Series with number 021.
Date of creation: 2008
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Web page: http://www.merit.unu.edu
multinational corporations; emerging economies; oil companies; technology; technological exploitation; competitive advantages.;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-12 (All new papers)
- NEP-CNA-2008-04-12 (China)
- NEP-CSE-2008-04-12 (Economics of Strategic Management)
- NEP-IPR-2008-04-12 (Intellectual Property Rights)
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- Andrea Goldstein & Fazia Pusterla, 2008. "Emerging Economies’ Multinationals: General Features and Specificities of the Brazilian and Chinese Cases," KITeS Working Papers 223, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Oct 2008.
- Francisco Aguayo & Kelly Sims Gallagher & Kevin P. Gallagher, 2010. "Energy innovation in Latin America: R&D effort, deployment, and capability accumulation," Serie documentos de trabajo del Centro de Estudios EconÃ³micos 2010-02, El Colegio de México, Centro de Estudios Económicos.
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