Emerging-Market MNEs & Sustainable Development
A major development in the global foreign direct investment (FDI) market over recent years has been the rapid rise of MNEs from emerging markets. In furtherance of its overarching mission, the VCC aims to ensure more sustainable investment by these emerging-market MNEs.
The first step is to develop and strengthen empirical research on emerging-market MNEs and establish a sound basis for understanding and discussing the role of those entities in the world economy by identifying the major players, and their salient features and drivers. This is essential because these new players are less well known than their developed-country counterparts, which have been part of the business landscape for many decades.
The second step is to focus more closely on understanding and improving the relationship between emerging-market MNEs and sustainable development including, for example, the impacts of these investors on environmental and labor standards in host countries.
The VCC is pursuing both of these projects primarily in connection with its Emerging Market Global Players Project, a project through which the VCC leads and coordinates research among a worldwide network of academics and institutions that produce new studies on MNEs from emerging markets and their impact on sustainable development