Center for Emerging Markets

CIBEM was established in 2009 in response to the increasing importance of emerging markets in the global economy. CIBEM aims to be a leading European center for research in international business and globalization with focus on emerging markets, as well as a base for high-class education on international business in emerging markets.


The primary objective of the center is to conduct academic research to deepen the understanding of:

  • The role, functioning and strategic development of multinational companies in the globalization process, with emphasis on business strategies for exports, FDI, and portfolio investment directed to emerging markets
  • The structure, strategies, and performance of emerging market multinationals
  • Emerging market conditions, including political, institutional, and economic developments in individual countries, as well as developments in the relationships between foreign multinationals and their local stakeholders, and
  • The role of emerging markets in the global economy, and the interaction between developed and emerging economies.

About the Center

Economic reforms, political stability, and internationalization have had a profound impact on large parts of the developing world over the past decades - these changes have of course affected Denmark, Europe, and the developed world in general as well. Thanks to increasing political stability and more business-friendly policies in most emerging economies, they have strengthened their positions as low-cost production locations, for foreign direct investment as well as outsourcing. Many emerging economies have also moved beyond simple labor intensive assembly operations, and developed into locations for sophisticated high-tech sectors. Sustained economic growth has raised the purchasing power of large population segments, highlighting their role as markets for goods and services produced by enterprises from developed countries. Substantial investments in both physical and human capital - financed both through domestic savings and international capital flows - have raised domestic capacity across the developing world. Enterprises from several of these economies have grown strong enough to look beyond their national borders, with a first generation of emerging market multinationals challenging established Western firms.

The mission of CIBEM is to deepen the understanding of these various facets of emerging markets in an international business context. Understanding the complex business environments in emerging markets, the technical, economic, and cultural challenges to internationalization, and the interactions between national and multilateral institutions - and to master international economics and international business at the same time- is of course difficult. Hence, CIBEM members cover a variety of traditional academic disciplines, ranging from various specializations in economics and business to political science and international relations. Some of this diversity is reflected in CIBEM's origin: it was established partly as a result of a merger between two pre-existing CBS centers, Center for East European Studies (CEES) and Center for International Business and Innovation (CIBI).

Core projects
To exploit the synergies and complementarities within CIBEM, the Center has formulated a number of core projects that involve several members with different personal capabilities and specializations. These projects explore various research topics from several different perspectives, to reflect the complexity of international business but also to highlight the need for relevance, imagination and distinctiveness. Business reality is rarely bound within the confines of a single academic discipline, but calls for an understanding of several simultaneous processes. Combining research questions, research methods, and results from several specialized areas may create both new questions and new findings that add value to the academic discourse.

Dissemination of research results
The dissemination of research results is an important task for CIBEM. The results of the Center's research projects are disseminated through CIBEM's Working Paper Series, books, articles in professional journals, chapters in edited volumes, and comments and contributions to newspaper and other mass media. In addition, research forms the basis for teaching and outreach activities.

Particular emphasis is placed on dissemination through the educational programs and supervision of students at CBS and other universities. CIBEM aims to use current research findings as a base for teaching at all levels - Bachelor, Master, and PhD, as well as executive education. The course programs taught by CIBEM members cover both the macroeconomic and individual firm perspectives of international business, including topics like trade, FDI, and financial development, as well as management, marketing, strategy, and organization of business operations.

Apart from its regular teaching programs, CIBEM focuses on various outreach activities in order to disseminate research findings to a wider audience in Denmark and beyond. These include:

  • Regular CIBEM seminars where research contributions from Center members and visitors are discussed
  • Seminars, workshops, and conferences related to CIBEM core projects, where broader research undertakings are presented and debated
  • Targeted seminars for specific audiences
  • Special seminars for CIBEM courses and other CBS student groups


The page was last edited by: Communications // 06/14/2017


Porcelænshaven 24A, 3rd floor
2000 Frederiksberg
T: 3815 2515
Director of the center: Ari Kokko

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