Suma de Negocios

This Special issue of Revista Suma de Negocios [Sum of Business Review] focuses on the Internationalization of emerging market-based firms. The topics for this issue are varied and include the role of different contextual elements in the internationalization of emerging market-based firms such as government regulations, institutions, public policies, trade associations and industry bodies; issues of management and leadership in internationalizing private and publicly traded emerging market firms; strategies of foreign firms operating in emerging markets when competing against local firms; South-North trades and investments; and the roles of technologies in the internationalization of emerging market-based firms.

This issue opens with Chu V. Nguyen’s analysis of the Colombian equity returns and narrow money supply through an asymmetric cointegration analysis. The paper’s findings indicated that the impact lag on the Colombian monetary policy in the equity market is two years. The empirical findings of his research should be of interest to both domestic and international investors who are interested in the Colombian equity market; and may provide a better understanding of the impact of the countercyclical monetary policy on the equity market in Latin American economies.

Jaime Rendón’s article on the recent processes of integration that Latin-American countries have undertaken with the United States focuses on the treatment of asymmetries within these schemes, He demonstrates that the reduction of such disparities among economies should be a primary goal of FTAs. Achieving this would help the development of less developed countries and help the convergence of economies in the continent, but to get there different paradigms in trade, industrial and monetary policy are needed.

The topic of the evolution of the offshore outsourcing industry in emerging economies is presented in Nir Kshetri’s article through the comparison of Brazil versus other powerful emerging economies. By looking at Brazil’s well-developed domestic IT market, its manufacturing prowess and export orientation; and the externalities that such features of its economy have on the offshoring sector, emerges the picture of a competitor whose competitive advantage, opposite to other economies, lies on non-cost benefits, shaping their strategies and possibilities in different ways.

Raul Netzahualcoyotzi and Aurora Furlong’s article on geopolitics discusses an emerging security zone, Eurasia, where the Mediterranean as a geopolitical center concentrates the tensions between Europe, Asia and Africa. Currently, multiple conflicts fueled by ethnicity, religion, borders or global security concerns are erupting in the region. Control of this area means global domination over energy, and population, fundamental features for this century.

The text coauthored by Yenni Viviana Duque Orozco, Diana Osorio Quintero and Marleny Cardona Acevedo glances at different examples of socially responsible practices of multinational corporations from both developed and developing countries located in Colombia, bearing in mind previous research

on Corporate Social Responsibility by International Business scholars, and the different recommendations that Multilateral Organizations have developed regarding what these companies should do in different social spheres, especially those concerned with labor practices . Firms that have undergone Internationalization play a significant role given their influence and activities in both home and host countries. They find that multinationals from developing countries focus their practices mainly on education programs while multinationals from developed countries try to work with all stakeholders and involve particularly aspects related with their business in the programs they develop.

Ricardo Ernesto Buitrago Rubiano´s article looks at the increased complexity of organizations with international ventures and the role of the manager in helping the firm cope with such difficulties. He emphasizes the importance of processes carried out by individuals in the deep internationalization and organizational complexity, and therefore the role of decision makers as fundamental actors for change and stability in the firm. Additionally, He highlights those social and economic impacts of internationalization efforts that go well beyond the realm of the firm. Results suggest that well rounded managers with global mindsets and social sensitivities have the ability to make decisions that work at many levels.

Nir Kshetri

Special Issue Editor