Strategy in emerging economies

Emerging economies are low-income, rapid-growth countries using economic li beralization as their primary engine of growth. They fall into two groups: developing countries in Asia, Latin America, Africa, and the Middle East an d transition economies in the former Soviet Union and China. Private and pu blic enterprises have had to develop unique strategies to cope with the bro ad scope and rapidity of economic and political change in emerging economie s, This Special Research Forum on Emerging Economies examines strategy form ulation and implementation by private and public enterprises in several dif ferent regional settings and from three primary theoretical. perspectives: institutional theory, transaction cost economics, and the resource-based vi ew of the firm. In this introduction, we show how different theoretical per spectives can provide useful insights into enterprise strategies in emergin g economies. We discuss the special methodological as well as empirical cha llenges associated with doing research in emerging economies. Finally, we b riefly summarize the individual contributions of the works included in our special research forum.