1. COST Panel Session on Emerging country multinationals. Challenges to data, companies, management and policy. Chair: Daniel Van Den Bulcke, University of Antwerp, Belgium

2. An overview on the COST ActionEuropean Science Foundation • COST Action IS0905: “The emergence of Southern Multinational and their impact on Europe” • Countries currently involved: 22 • Chair: Louis Brennan, Trinity College of Dublin • 4 Working Groups: • Nature and extent of the phenomenon of interest • The drivers and motivators of this phenomenon • The likely impact on Europe • The national and European policy response and practice recommendations

3. 36 COST Countries The 27 EU Member States EFTA Member StatesIcelandNorway Switzerland Acceding & Candidate Countries Croatia  FYR of Macedonia Turkey Potential Candidate CountriesBosnia and Herzegovina Republic of Serbia COST Co-operating StatesIsrael

4. Objectives • Our COST Action is trying to better understand the phenomenon of emerging to advanced countries • Strategies, effects and policy implications are being investigated: work in progress • We cooperate by exchanging data and ideas • The main instrument through which we try to reach these goals are Short Terms Scientific Missions (STSM)

5. COST Action Panel Session Managerial challenges facing the old and new multinationals Ravi Ramamurti, Northeastern University (United States) The impact of the global financial crisis on the presence of Chinese and Indian firms in Europe        Yunnan Shi, Universitéde Rennes 1 (France) Multinational firms from emerging countries and the impact on advanced economies: Evidence from the “COST Action” Filip De Beule, Katholieke Universiteit Leuven (Belgium) Europe's response to the rise of Southern multinationals Louis Brennan, Trinity College (Ireland) Guest speaker: DinuPatriciu, founder of Rompetrol, Romanian entrepreneur, number 1 in Forbes Top Romanian Billionaires