Partnered with the Ottawa United Learning Academy in Canada and the Center for Asian Business and Economics, the University of Melbourne in Australia, the International Conference on Emerging-Market, Transnational Corporations and Sustainable Development in China and Abroad has taken place at Hubei University in Wuhan, China, from October 29 to 31, 2015.
Transnational corporations (TNCs) from emerging markets are a growing force in the global economy. In 2013, outward foreign direct investment (FDI) from developing and transition economies reached USD553 billion, amounting to 39 percent of global FDI outflows. Driven in particular by the resources and policies of the BRIC states, emerging-market TNCs are expected to increase their presence abroad. The investment by emerging-market TNCs presents many opportunities and challenges for sustainable development of host and home countries. This conference seeks to deepen research, analysis and discussion of those opportunities and challenges. The participants examine the environmental, social and economic effects of foreign investment by emerging-market TNCs and how home-state and international institutions (i.e., formal laws, regulations, and policies, and informal mechanisms and relationships) impact those effects. The conference also explores the existence of, and factors behind, commonalities and differences between traditional TNCs (from developed countries) and emerging-market TNCs in terms of their impacts on sustainable development in host countries.
The central theme of the conference is “Emerging Market Transnational Corporations and Sustainable Development in China and Abroad.” The papers are invited on this theme, in the areas of international economics, business and management as below but not limited to the role of emerging-market home countries in influencing the behavior of their TNCs on issues of sustainable development; Comparative analysis/case studies of the policies and practices of EM home-state institutions that are relevant to their TNCs’ impacts on sustainable development.
(Provided by the TNCR Team, November 22, 2015)