Human resource management in emerging markets: an introduction

Frank Horwitz*, Pawan Budhwar

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

The shifting of global economic power from mature, established markets to emerging markets (EMs) is a fundamental feature of the new realities in the global political economy. Due to a combination of reasons (such as scarcity of reliable information on management systems of EMs, the growing contribution of human resource management (HRM) towards organisational performance, amongst others), the understanding about the dynamics of management of HRM in the EMs context and the need for proactive efforts by key stakeholders (e.g., multinational and local firms, policy makers and institutions such as trade unions) to develop appropriate HRM practice and policy for EMs has now become more critical than ever. It is more so given the phenomenal significance of the EMs predicted for the future of the global economy. For example, Antoine van Agtmael predicts that: in about 25 years the combined gross national product (GNP) of emergent markets will overtake that of currently mature economies causing a major shift in the centre of gravity of the global economy away from the developed to emerging economies. (van Agtmael 2007: 10–11) Despite the present (late 2013 and early 2014) slowdown in the contribution of EMs towards the global industrial growth (e.g., Das, 2013; Reuters, 2014), EMs are predicted to produce 70 per cent of world GDP growth and a further ten years later, their equity market capitalisation is expected to reach US$ 80 trillion, 1.2 times more than the developed world (see Goldman Sachs, 2010).
Original languageEnglish
Title of host publicationHandbook of human resource management in emerging markets
EditorsFrank Horwitz, Pawan Budhwar
Place of PublicationCheltenham (UK)
PublisherEdward Elgar
Pages1-18
Number of pages18
ISBN (Electronic)978-1-78195-501-7
ISBN (Print)978-1-78195-500-0
DOIs
Publication statusPublished - 27 Feb 2015

Publication series

NameResearch handbooks in business and management series
PublisherElgar

Fingerprint Dive into the research topics of 'Human resource management in emerging markets: an introduction'. Together they form a unique fingerprint.

  • Future trends in human resource management in emerging markets

    Horwitz, F., Budhwar, P. & Morley, M. J., 2015, Handbook of human resource management in emerging markets. Horwitz, F. & Budhwar, P. (eds.). Cheltenham (UK): Edward Elgar, p. 470–488 19 p. (Research handbooks in business and management series).

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

  • Handbook of human resource management in emerging markets

    Horwitz, F. (ed.) & Budhwar, P. (ed.), 27 Feb 2015, Cheltenham (UK): Edward Elgar. 528 p. (Research handbooks in business and management series)

    Research output: Book/ReportEdited Book

  • Human resource management in China and India

    Cooke, F. L. & Budhwar, P., 27 Feb 2015, Handbook of human resource management in emerging markets. Horwitz, F. & Budhwar, P. (eds.). Cheltenham (UK): Edward Elgar, p. 337-356 20 p. (Research handbooks in business and management series).

    Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Cite this