Working Paper #2008-021
The ‘making of’ national giants: technology and governments shaping the international expansion of oil companies from Brazil and China
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.
- Keywords
-
- multinational corporations
- emerging economies
- oil companies
- technology
- technological exploitation
- competitive advantages
- JEL codes
-
- F23
- O25
- O38
- O57
- UNU-MERIT
- Working
- Papers
- ISSN
- 1871-9872
Cite this as
APA 7th ed.Pereira de Carvalho, F., & Goldstein, A. (2008). The ‘making of’ national giants: technology and governments shaping the international expansion of oil companies from Brazil and China (UNU-MERIT Working Paper No. 2008-021). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=3204