A new report by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) argues that with their spectacular growth in number, size and influence, emerging market multinationals have become a major driver of economic development in their home and host countries. According to GIZ, these companies have three strategic advantages over their northern competitors when it comes to engaging in development: they are already rooted in emerging economies; they already reach out to low-income populations in many ways; and they are already heavily invested in other emerging and developing countries, including the least developed countries. The report outlines the various options for advancing sustainable human development based on these ‘competitive advantages’ and shows where emerging market multinationals can receive support to realize this potential.
Download the report here.
- Trade News: Emerging Markets In The New Global Economy & New Opportunities For Exporting (worldtradedaily.com)