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Falize_84221200_2016.pdf
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- Since the years 2000, several authors and agencies such as the World Bank or the IMF have praised the benefits of pro-market and institutional reforms in order for the economies, either developing or even developed, to guarantee a long lasting and sustainable growth. Following the consequences of the globalization, emerging countries' governments in particular have started to implement such reforms. However, when analyzing the Forbes Global 2000 until 2014, we observe that the proportion of emerging countries is still very low. A longitudinal statistical analysis has been realized, with an exclusive database created from 6 external datasources to understand whether we actually see an impact of pro-market and institutional reforms on the multinationalization of domestic MNEs. The multinationalization consists in three microeconomic aspects of the companies: - The number of domestic multinational companies - The capitalistic integration of the companies on a global scale (through the evaluation of the level of foreign direct investment) - The innovation capacity of the companies The major finding of this analysis is that the impacts of institutional and pro-market reforms are counterintuively not always positive on the multinationalization of domestic MNEs.