Telfer Research Seminar Series - Anne Miroux
Emerging Market Multinationals: Reinventing Global Value Chains
***M.Sc. Students, this event can count towards one of the six mandatory Research Seminars Series needed to attend (MHS6991 or MGT6991).***
Anne Miroux, PhD
The global economy has gone from one crisis to another over the past few years. The COVID pandemic was not over yet when the war in Ukraine erupted, adding to the uncertainty of the times. The October 2022 World Bank/IMF growth projections are down again, and even if economies are not affected in the same way, all are impacted. Among emerging economies, oil, gas, and commodity producers may fare better, while others will see their situation further aggravated because of rising food and energy prices. Global value chains (GVCs) have been one of the backbones of globalization, interconnecting economies all over the world, and bringing into the production line many countries that were not part of the traditional production and trade networks. Decades of liberalization enabled GVCs to develop based on economic rather than political imperatives. This has changed since the global financial crisis with ensuing recession.
The US-China trade war is an illustration of this progressive shift. The COVID pandemic and the conflict in Ukraine have further highlighted the increasing role of governments in business and economics and exposed the vulnerabilities of GVCs. Added to that the climate change imperatives and societal demands, we are entering a period of profound transformation of GVCs. This is likely to have substantial consequences for emerging economies as many have built their economic growth on increased GVCs participation. The transformation of GVCs is not the only parameter weighing on emerging markets’ future. It is in this context that our Report monitors the performance of emerging market multinationals. It also examines the growth prospects of emerging economies in today’s highly complex and uncertain world. The Report analyzes the transformation of GVCs over the past two decades, and deals with GVC-related issues, such as the potential impact of sustainable finance on GVCs, or how financial innovations could help micro and small enterprises (MSMES) integrate GVCs. For more information, please visit: https://www.johnson.cornell.edu/emerging-markets-institute/research/emerging-markets-report/
About the Speaker
Faculty Fellow at the Emerging Markets Institute, SC Johnson School of Management at Cornell University
Anne Miroux has over 30 years of experience in international trade and finance. She began her career in the United Nations Centre on Transnational Corporations in New-York, and later joined the United Nations Conference on Trade and Development (UNCTAD) where she specialized on developing country debt, foreign direct investment and transnational corporations, and technology and innovation policies. For several years she headed the Investment Analysis Branch in UNCTAD and directed the World Investment Reports (WIR), the United Nations flagship report on FDI and transnational corporations and served as the Editor of the UN Transnational Corporations Journal. She published a number of papers and articles and led research projects and technical assistance activities in developing countries on debt, FDI and development.
Until late 2015 Anne was the Director of the Division on Technology and Logistics in UNCTAD, and Head of the Secretariat of the United Nations Commission on Science and Technology for Development (CSTD).
She is a member of the Advisory Board of the Technology and Management Center of the Department of International Development at Oxford University. She is also a member of the Board of NetExplo. Anne has a MBA from HEC, École des Hautes Études Commerciales, and a diplôme from IEP (Institut d’Études Politiques – Paris). She holds a PHD in Economics from University of Paris I – Sorbonne.