Emerging Market Global Players Project
International Investment Syllabus Project
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Emerging Market Global Players Project
The Emerging Market Global Players (EMGP) Project, a collaborative effort led by the VCC, brings together researchers on FDI from leading institutions in emerging markets to identify annually and rank emerging market based multinational enterprises (MNEs). The ranking lists – based on the level of foreign assets held by emerging market MNEs – and their accompanying analysis should be of interest to researchers, academics, bankers, investors, the media, and MNEs.
More than a dozen ranking lists are scheduled to be published during the next few months, covering some 250 emerging market MNEs from: Brazil, China, Colombia, Hong Kong (China), Hungary, India, Israel, Republic of Korea, Russia, Slovenia, South Africa, Taiwan Province of China, and Turkey. All of the MNE ranking lists will be posted on this website and those of the partner institutions. For additional information, please contact the EMGP Global Project Coordinator, Dr. John Dilyard, or send an e-mail to vcc@law.columbia.edu.
Brazil: FDC-CPII 2007 Ranking of Brazilian MNEs
On December 3, 2007, Fundação Dom Cabral (FDC) and the CPII released the 2007 ranking of Brazilian multinational enterprises. The release highlights the rapid multinationalization of Brazilian MNEs in recent years. Brazil’s Top 20 have over US$56 billion assets abroad and have over 77,000 employees outside of Brazil.
A conference related to the ranking was held December 6-7, 2007 in Sao Paulo. View the program here.
download pdf of FDC-CPII 2007 Ranking of Brazilian MNEs
Russia: SKOLKOVO-CPII 2007 Ranking of Russian MNEs
SKOLKOVO Moscow School of Management and the CPII released the 2007 ranking of Russian multinational enterprises on December 11, 2007. Led by Lukoil and Gazprom, Russia’s Top 25 MNEs control US$59bn in assets abroad. The foreign assets, sales and employment of the Top 25 have more than doubled since 2004.
download pdf of SKOLKOVO-CPII 2007 Ranking of Russian MNEs
Slovenia: CIR-CPII 2008 Ranking of Slovenian MNEs
The ranking of the Top 25 Slovenian MNEs, undertaken by the Centre of International Relations (CIR) and the Columbia Program on International Investment (CPII), was released on March 18, 2008. The ranking reveals the dynamism of outward foreign direct investment activity by Slovenian firms, which now control nearly US$4bn in assets abroad. The foreign assets and employment of these MNEs each more than doubled since 2004, while foreign sales increased by 60%. The retail chain Mercator led the ranking, with nearly US$1bn in foreign assets.
download pdf of CIR-CPII 2008 Ranking of Slovenian MNEs
Israel: 2008 Ranking of Israeli MNEs
The Hebrew University, Tel Aviv University, Israel Manufacturers Association and the Vale Columbia Center released the 2007 ranking of Israeli multinational enterprises on July 9, 2008. Led by Amdocs and Teva, Israel's Top 15 MNEs control US$7.5bn in assets abroad and over $21 billion in foreign sales. Foreign sales and employment each have increased by 40 percent from 2004-2006. As a result of the dynamic expansion of Israeli multinatinals, foreign direct investment (FDI) outflows from Israel rose from very low levels in the early 1990s to $14 billion in 2006, making Israel one of the top 20 countries in terms of outward FDI flows.
download pdf of 2008 Ranking of Israeli MNEs
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As part of Columbia University's Liberia Advisory Project (headed by Dr. Jeffrey D. Sachs and Dr. Macartan N. Humphreys), the CPII provided expert support to the Government of Liberia on strategies for attracting FDI to the country. More specifically, it supported the National Investment Council (Liberia) in the preparation and launch of an Investor's Guide to Liberia, released in time for the Liberia Private Sector Investment Forum that took place February 15, 2007, in Washington, DC. The event was organized by The Corporate Council on Africa in co-sponsorship with the Government of Liberia, the International Finance Corporation, and the Overseas Private Investment Corporation.
Download (pdf) the Investor's Guide to Liberia.
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| Millennium Cities Initiative |
The Millennium Cities Initiative (MCI) advises, through research and policy analysis, seven mid-sized cities across sub-Saharan Africa, located near Millennium Villages, to achieve the Millennium Development Goals (MDGs). The cities are: Akure, Nigeria; Bamako - Segou, Mali; Blantyre, Malawi; Kisumu, Kenya; Kumasi, Ghana; and Louga, Senegal.
The MCI is a set of activities initiated by the Millennium Project, which was commissioned by the former United Nations Secretary-General Kofi Annan to recommend operational strategies to achieve the Millennium Development Goals agreed upon by the world leaders at the 2000 UN Summit. It is presently being implemented by the MDG Support Team in the Poverty Group of the United Nations Development Program (UNDP) . The Millennium Villages Project is working in ten sub-Saharan countries at the community level, to advise them on implementing an integrated set of rural interventions aimed at helping sub-subsistence farming communities to achieve the MDGs.
The MCI is initially focusing on advising the seven cities in attracting foreign direct investment (FDI), with a view to creating employment, stimulating domestic enterprise development and fostering sustainable economic growth. FDI is one component of the integrated City Development Strategies that will be developed by each municipality in close consultation with the MCI. Conceptually, the Initiative is based on the recognition that development, and especially reaching the MDGs, requires not only a national and rural development strategy but also an urban development strategy.
The Millennium Cities Initiative will also produce a handbook that can be used by other cities to help them develop their own strategies to reach the MDGs. It draws upon, and strengthens, the MDG work already underway in these countries by adding a focused urban-based component.
The Millennium Cities Initiative is an effort undertaken by The Earth Institute at Columbia University. The Initiative cooperates with the Columbia Program on International Investment and the the MDG Support Team in the Poverty Group of the UNDP. It operates with the strong support of the Governments of Ghana, Kenya, Malawi, Mali, Nigeria and Senegal, as well as the municipal governments of Kumasi, Ghana; Kisumu, Kenya; Blantyre, Malawi; Bamako and Segou, Mali; Akure, Nigeria and Louga, Senegal. The Initiative also works with UN-HABITAT, the UN Environment Programme, Agenda 21, and UNIDO. At Columbia University, the MCI is supported by the School of International and Public Affairs and the Mailman School of Public Health. It is led by Dr. Jeffrey D. Sachs. Its Co-Directors are Dr. Susan M. Blaustein and Dr. Karl P. Sauvant.
In addition, key parters and sponsors include the Bill & Melinda Gates Foundation; KPMG; The Governments of Finland and Israel; Physicians for Peace; Douglas Durst; and the law firms Carter, Ledyard & Milburn LLP; Cravath, Swaine & Moore LLP, DLA Piper and Wilmer Cutler Pickering Hale and Dorr LLP.
Kumasi Investment Day New York, September 29, 2008
The Millennium Cities Initiative (MCI) in collaboration with the Kumasi Development Foundation (KDF), Asanteman Council of North America (ACONA), Kumasi Metropolitan Assembly (KMA) and Vale Columbia Center on Sustainable International Investment (VCC), will organize the Kumasi Investment Day North America. The event is sponsored by Alston & Bird, New York. It is scheduled to take place at Room 555, Alfred J. Lerner Hall, 2920 Broadway, Columbia University in the City of New York, on September 29, 2008. Its purpose is to present commercially viable investment opportunities in the Millennium City of Kumasi, in particular, and in the Ashanti region, in general, with a view toward mobilizing investment, especially from the Ghanaian expatriate communities in the United Sates and Canada.
Potential investors from the communities of Ghanaian expatriates living in the United States and Canada, a large number of whom originate from the Ashanti region, and investors from the United States and Canada, are invited to attend, as are representatives of business and international organizations.
Millennium Cities London Day, December 9-10, 2008
The Millennium Cities Initiative in collaboration with KPMG and DLA Piper, is organizing, on December 9th and 10th a Millennium Cities Day in London. The special purpose of the Millennium Cities Day in London is to bring to the attention of investors commercially viable investment opportunities and inform about the investment environment in the following cities/countries: Kumasi, Ghana; Blantyre, Malawi; Kisumu, Kenya; and Akure, Nigeria. A delegation from Mekelle, Ethiopia will also attend the meeting and will be available for consultations.
The mayors and ministers from each city/country will showcase investment opportunities in important sectors of interest to international investors, such as agriculture, agro-processing, tourism, construction or light manufacturing, and will share thoughts and ideas on such areas of common concern as the investment environment, attraction and facilitation of investors.
For further information, please contact Joerg Simon, Senior Investment Advisor, MCI (e-mail address: jks2149@Columbia.edu), or Paulo Cunha, Project Coordinator, MCI (phone: +646-884-7422; e-mail address: pmc2105@columbia.edu).
For more information, please see the MCI website.
download pdf of MCI project description
download pdf of MCI project description en Français
download pdf of Invest in Ghana: Focus Kumasi
download pdf of the Investor's Guide to São Tomé and Príncipe
download pdf of the latest KPMG Kisumu investment guide
Team
Dr. Jeffrey D. Sachs - Director, The Earth Institute at Columbia University
Dr. Susan M. Blaustein - Co-Director, Millennium Cities Initiative
Dr. Karl P. Sauvant - Co-Director, Millennium Cities Initiative
Joerg Simon - Senior Investment Advisor, Millennium Cities Initiative
Leocadie Welling - Program assistant, Millennium Cities Initiative
John McArthur - Associate Director, The Earth Institute at Columbia University
Guido Schimdt-Traub - Head, MDG Support Team in the Poverty Group of the UNDP
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International Investment Syllabus Project
One immediate result of the Second Columbia International Investment Conference, “What’s Next in International Investment Law and Policy?” (October 30-31, 2007), was the launch of an international investment “syllabus project”. Professor Andrea K. Bjorklund (akbjorklund@ucdavis.edu), from University of California at Davis, School of Law, is leading the project on behalf of the Vale Columbia Center on Sustainable International Investment.
The ultimate objective of the project is to construct a model syllabus for international investment law and make it available to institutions of higher learning throughout the world, especially in emerging markets. The first step in achieving this objective was to ascertain what classes are currently being offered and their content. Therefore, we have collected syllabi in the area of international investment law and related public policy issues and are making them available on the Center’s website. The second step will be a consultative process involving investment professionals, including academics, arbitrators, counsel, and government officials, to examine the syllabi gathered, identify lacunae, and discuss different models for investment law instruction. Finally, we will put together a set of model syllabi for courses on international investment law.
download pdf of each syllabus by clicking on the course name:
Stanimir A. Alexandrov |
Janet Dine and Peter Muchlinski |
Owen D. Nee International Business and Investment Transactions with China |
Stanimir A. Alexandrov |
Lorraine Eden |
James N. Rosenau |
Jose E. Alvarez |
Kenneth Hansen and Lee Zak |
John Ruggie |
Kenneth Hansen, David Khairallah, and Marcia Wiss |
Jeswald W. Salacuse |
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Perry S. Bechky |
Jean Kalicki and Mark Kantor |
Val Samonis |
Pieter H.F. Bekker |
Daoud Khairallah and Marcia Wiss |
Christoph Schreuer |
Andrea K. Bjorklund |
Mark S. McNeill |
Christoph Schreuer |