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Collected here are papers from the conference, Thinking Outward, which dealt with a range of issues related to the key players in this process - firms, home countries and host countries and the book will have a foreword from Jeffrey Sachs. In the wake of the financial crisis, these issues remain increasingly critical for developing countries.

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Foreword; E.de Almeida, X.Lu , A.Rangnekar & D.Schizer Preface; T.H.Moran Acknowledgements FDI by Emerging Market Multinationals and the Impact of the Financial Crisis and Recession; K.P.Sauvant , W.A.Maschek & G.McAllister The Global Challenges Facing Emerging Markets; J.D.Sachs THE LAY OF THE LAND Reflections on Multinationals in a Globally Interdependent World Economy; Y.Aharoni Towards a Re-newed Stages Theory for BRIC Multinationals?; R.van Tulder The Theory and Regulation of Emerging Market Multinationals; A.M.Rugman Comment: Do We Need a New Theory to Explain Emerging Market MNEs?; A.Durnev GAINING GROUND: THE EXPANSION OF EMERGING MARKET MULTINATIONALS Transnationalization of Brazilian Companies; P.Resende , A.de Almeida & J.Ramsey Take-off and Turbulence in the Foreign Expansion of Russian Multinationals; K.Kalotay Global Players from India: A Political Economy Perspective; A.Noelke & H.Taylor How Different are Chinese Foreign Acquisitions? Adding an Indian Comparison; H.Rui , G.S.Yip & S.Prashantham Unknown Multinationals: Leading Multinationals from Slovenia; A.Jaklic & M.Svetlicic THE POLICY LANDSCAPE: OUTWARD FDI FROM EMERGING MARKETS What Can Emerging Countries Learn from the Outward Direct Investment Policies of Advanced Countries?; P.J.Buckley , J.Clegg , A.R.Cross & H.Voss Changing Policy Regimes in Outward Foreign Direct Investment: from Control to Promotion; F.de Beule & D.van den Bulcke The Role of Government Policies in Promoting Outward FDI of Emerging Markets: China´s Experience; X.Qiuzhi & H.Bingjie "South-South" FDI and Political Risk Insurance; Multilateral Investment Guarantee Agency; World Bank Group Multinational Enterprises from Emerging Markets; H.G.Broadman THE POLICY LANDSCAPE: INWARD FDI FROM EMERGING MARKETS Is the EU Ready for FDI from Emerging Markets?; J.Clifton & D.Díaz-Fuentes Is the US Ready for FDI from Emerging Markets: the Case of China; K.P.Sauvant The Policy Landscape: Inward FDI from Emerging Market; A.O´Sullivan THE PATH AHEAD The Rise of Emerging Market Multinationals; H.Loewendahl The Rise of Emerging Market Multinationals; J.E.Alvarez The Rise of Emerging Market Multinationals; G.Hufbauer & M.Adler Thinking Outward: Global Players from Emerging Markets; S.Thomsen

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KARL P. SAUVANT is the Executive Director of the Vale Columbia Center on Sustainable International Investment and a Research Scholar and Lecturer in Law at Columbia Law School, USA.

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