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The making of national giants: technology and governments shaping the international expansion of oil companies from Brazil and China

Author

Listed:
  • Pereira de Carvalho, Flavia

    () (UNU-MERIT)

  • Goldstein, Andrea

    () (OECD Development Centre)

Abstract

This 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.

Suggested Citation

  • Pereira de Carvalho, Flavia & Goldstein, Andrea, 2008. "The making of national giants: technology and governments shaping the international expansion of oil companies from Brazil and China," MERIT Working Papers 021, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2008021
    as

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    File URL: https://www.merit.unu.edu/publications/wppdf/2008/wp2008-021.pdf
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    References listed on IDEAS

    as
    1. Federico BONAGLIA & Andrea GOLDSTEIN & John MATHEWS, 2006. "Accelerated Internationalisation by Emerging Multinationals: the Case of White Goods Sector," Working Papers 270, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    2. Dilek Aykut & Andrea Goldstein, 2006. "Developing Country Multinationals: South-South Investment Comes of Age," OECD Development Centre Working Papers 257, OECD Publishing.
    3. Peter Nolan & Jin Zhang, 2002. "The Challenge Of Globalization For Large Chinese Firms," UNCTAD Discussion Papers 162, United Nations Conference on Trade and Development.
    4. Nolan, Peter & Zhang, Jin, 2002. "The Challenge of Globalization for Large Chinese Firms," World Development, Elsevier, vol. 30(12), pages 2089-2107, December.
    5. John Child & Suzana B. Rodrigues, 2005. "The Internationalization of Chinese Firms: A Case for Theoretical Extension?," Management and Organization Review, International Association of Chinese Management Research, vol. 1(3), pages 381-410, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. 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 Económicos 2010-02, El Colegio de México, Centro de Estudios Económicos.
    2. 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.

    More about this item

    Keywords

    multinational corporations; emerging economies; oil companies; technology; technological exploitation; competitive advantages.;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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