番茄社区

Dr Christine Cote MAR 5.25

This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MIM), Global MSc in Management (MBA Exchange), MBA Exchange, MSc in Economics and Management, MSc in Management (1 Year Programme) and MSc in Social Innovation and Entrepreneurship. This course is available with permission as an outside option to students on other programmes where regulations permit.

This course may be capped/subject to controlled access. For further information about the course's availability, please see the MG Elective Course Selection Moodle page (https://moodle.lse.ac.uk/course/view.php?id=3840).

An undergraduate or graduate course in international business, micro-economics or competitive strategy. Pre-requisites to be assessed by teacher responsible.

This course analyses the emergence of firms which operate across borders, often on a global scale, and their current and likely future interactions with emerging markets. It will combine the development of conceptual frameworks primarily through the lectures with the analysis of cases in the classes.

Multinational firms have been an increasingly significant aspect of the corporate environment in developed countries since the 1960s and are responsible for a high proportion of global output, exports and investment, as well as the bulk of foreign direct investment. In the past few decades, their activities have been increasingly focused to developing economies, notably those which have liberalised and entered a more rapid growth phase. These economies, emerging markets, include some important world economies including China, India, transition economies such as South Africa, and Latin American countries such as Brazil and Argentina. The "new institutional economics" has recently developed as a field to understand the impact of variation in institutions on economic performance.

This course will focus on how the institutional characteristics of emerging markets affect the choices and behaviour of multinational firms, now and into the future. We commence with the basic framework of analysis of the behaviour of multinational enterprises (MNEs), outlining models of the MNE which draw on transaction cost economics, the eclectic OLI paradigm of Dunning, and the resource based view. We provide an analysis of economic performance and growth in emerging markets building on