Policy Brief: Emerging Market Multinationals: Opportunity or Threat for Europe?
Alonso, Fernando Bakir, Caner Brennan, Louis Cunha, Carlos Czakó, Erzsébet De Beule, Filip Elia, Stefano Fuentes, Daniel Diaz Hay, Françoise Heum, Per Jackliç, Andrea Milelli, Christian Nölke, Andreas Piscitello, Lucia Pires, Armando José Garcia Srai, Jajgjit Singh Vardar, Nukhet
COST Action IS0905: The Emergence of Southern Multinationals and their Impact on Europe
1. The European Union (EU) must adjust to
the changing global balance in terms of a different
set of competitive forces (’Shifting Wealth’),
especially to challenges from emerging market
2. In the context of indebtedness of member
state economies and given the will to promote reindustrialization
of these economies, investments
from emerging market multinationals are key.
3. Given the fundamental importance of the
home country state for emerging market
multinationals, it is unrealistic to demand a hands
off-approach, but there are legitimate concerns
with regard to the protection of intellectual
property rights and market access that have to be
addressed in investment agreements.
4. Based on the changed distribution of
power after the Lisbon Treaty, the European
Parliament should become more active in the field
of investment policies, in particular to safeguard
core pillars of the European social model.
5. EU member states should have more leeway
in developing specific promotional policies at the
sector level to attract innovative Foreign Direct
Investment (FDI) from emerging market
multinationals. So, EU competition and state aid
policies need modification.
6. The EU should engage in training
programmes (similar to ERASMUS) for mangers from
emerging markets to ensure that positive impact of
investments in the EU are realized.
7. Eurostat should collect more comprehensive
data on FDI from emerging market multinationals
and its effects, based on cooperation with the OECD,
UNCTAD and statistical offices in emerging markets.