Template-type: ReDIF-Paper 1.0
Author-Name: Pereira de Carvalho, Flavia
Author-Email: carvalho@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Author-Name: Goldstein, Andrea
Author-Email: Andrea.Goldstein@oecd.org
Author-Workplace-Name: OECD Development Centre
Title: The making of national giants: technology and governments shaping the 
	 international expansion of oil companies from Brazil and China
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.
Classification-JEL: F23, O25, O38, O57
Keywords: multinational corporations, emerging economies, oil companies,
	 technology, technological exploitation, competitive advantages.
Series: UNU-MERIT Working Papers
Creation-Date: 2008
Number: 021
File-URL: http://www.merit.unu.edu/publications/wppdf/2008/wp2008-021.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2008021