The ‘making of’ national giants: technology and governments shaping the international expansion of oil companies from Brazil and China

Pereira de Carvalho, Flavia and Goldstein, Andrea (2008). The ‘making of’ national giants: technology and governments shaping the international expansion of oil companies from Brazil and China. UNU-MERIT.

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  • Author Pereira de Carvalho, Flavia
    Goldstein, Andrea
    Title The ‘making of’ national giants: technology and governments shaping the international expansion of oil companies from Brazil and China
    Publication Date 2008
    Publisher UNU-MERIT
    Abstract This chapter analyses foreign direct investments (henceforth FDI) in the oil industry from two large emerging economies, Brazil and China, with the purpose to understand the role of Governments and technology in the internationalisation strategies of those firms. The chapter shows that the Brazilian oil company, Petrobras, internationalised in the 1970s in order to secure oil resources, and throughout time developed technological capabilities that explain its current success and worldwide expansion. Chinese firms have risen later and are making their outward moves in order to catch up technologically with the world's leading firms.
    Keyword Multinational corporations
    Emerging economies
    Oil companies
    Technology
    Technological exploitation
    Competitive advantages
    JEL F23
    O25
    O38
    O57
    Copyright Holder UNU-MERIT
    Copyright Year 2008
    ISSN 1871-9872
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