Collected here are papers from the conference, Thinking Outward, which dealt with a range of issues related to the key players in this process - firms, home countries and host countries and the book will have a foreword from Jeffrey Sachs. In the wake of the financial crisis, these issues remain increasingly critical for developing countries.Foreword; E.de Almeida, X.Lu , A.Rangnekar & D.Schizer Preface; T.H.Moran Acknowledgements FDI by Emerging Market Multinationals and the Impact of the Financial Crisis and Recession; K.P.Sauvant , W.A.Maschek & G.McAllister The Global Challenges Facing Emerging Markets; J.D.Sachs THE LAY OF THE LAND Reflections on Multinationals in a Globally Interdependent World Economy; Y.Aharoni Towards a Re-newed Stages Theory for BRIC Multinationals?; R.van Tulder The Theory and Regulation of Emerging Market Multinationals; A.M.Rugman Comment: Do We Need a New Theory to Explain Emerging Market MNEs?; A.Durnev GAINING GROUND: THE EXPANSION OF EMERGING MARKET MULTINATIONALS Transnationalization of Brazilian Companies; P.Resende , A.de Almeida & J.Ramsey Take-off and Turbulence in the Foreign Expansion of Russian Multinationals; K.Kalotay Global Players from India: A Political Economy Perspective; A.Noelke & H.Taylor How Different are Chinese Foreign Acquisitions? Adding an Indian Comparison; H.Rui , G.S.Yip & S.Prashantham Unknown Multinationals: Leading Multinationals from Slovenia; A.Jaklic & M.Svetlicic THE POLICY LANDSCAPE: OUTWARD FDI FROM EMERGING MARKETS What Can Emerging Countries Learn from the Outward Direct Investment Policies of Advanced Countries?; P.J.Buckley , J.Clegg , A.R.Cross & H.Voss Changing Policy Regimes in Outward Foreign Direct Investment: from Control to Promotion; F.de Beule & D.van den Bulcke The Role of Government Policies in Promoting Outward FDI of Emerging Markets: China's Experience; X.Qiuzhi & H.Bingjie South-South FDI and Political Risk Insurance; Multilateral Investmentlc