This chapter compares and contrasts the characteristics, determinants and performance of foreign direct investments (FDI) in four emerging markets. The analysis in this chapter is primarily comparative and draws on findings from surveys of around 600 firms, comprising 147 from Egypt, 147 from India, 162 from South Africa and 170 from Vietnam. The characteristics of the four country enterprise sample are described in terms of sectoral distribution, size, and parent firm location. The modes of entry are contrasted in the different countries, which are linked to the motivations for FDI and to the resources available to the investing firms and from the host economies. Managers' perceptions of the business environment in the host economies are compared and evaluated in the fourth section, which considers input markets and infrastructure as well as political and institutional arrangements. The comparative performance of foreign subsidiaries in the four host economies is the subject of the fifth section, and conclusions and implications for the remainder of the study are drawn in the sixth.
In: Investment Strategies in Emerging Markets by K. E. Meyer and S. Estrin, Edward Elgar Publishing Ltd, pp. 27-50