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Founded in 2010, EMI has published 9 Emerging Market Multinational Reports, organized 14 Annual Conferences, launched the Cornell EMI Mark Mobius Pitch Competition and the Cornell EMI Corning Case Competition. About 70 MBAs graduate every year as EMI Fellows. None of this would be possible without a great EMI team, the generous support of alumni, faculty, and Johnson community at large. I feel grateful and privileged to be part of the EMI community, and I am confident that EMI is in its second decade of excellence.”
Lourdes Casanova, Gail and Rob Cañizares Director, EMI

Building Bridges, Encouraging Dialogue

EMI Report 2024 cover page

The Emerging Market Multinationals Report 2024

Innovation and Transformation to Emerge Stronger

Authored by Lourdes Casanova and Anne Miroux (Emerging Markets Institute, Cornell University) in collaboration with Lorenzo Pavone, Edoardo Cozzi, and Gabriela Jimenez Echeverri (EmNet, OECD development Center); Momina Aijazuddin, Mehmet Akgunay, Shivani Komma, Ceren Ozhan, and Rafia Saleem (International Finance Corporation); Veneta Andonova and Juana García (Escuela de Administración at Universidad de los Andes in Colombia); Ricardo E. Buitrago (EGADE Business School, Tecnológico de Monterrey in Mexico), Xuelin Bu (Management School at Zhengzhou University in China), and Dr. Nalin Shinghal.

Watch the launch of the report!

Download the report

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Cornell EMI 2024 Annual Conference: Innovation and Transformation to Emerge Stronger

This year’s conference, held on Oct 31 and Nov 1 at Cornell Tech in NYC, offered an exploration of how these dynamic economies are harnessing cutting-edge innovations and strategic transformations to redefine their paths to growth. Thank you to the 37 speakers, the attendees, and the sponsors. Watch the live streaming recording and save the date, November 7, 2025, for the Cornell EMI 2025 Annual Conference.

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2024 Cornell EMI Corning Case Competition

After a record-breaking in the 2024 Cornell EMI Corning Case Competition, with 705 participants forming 154 teams from 48 universities across 15 countries, the winners are:

Congratulations!

Eduardo Padilla

2024 Cañizares Award for Distinguished Alumni

The award recognizes outstanding alumni from SC Johnson School of Management with international careers in emerging markets. The goal of the award is to engage alumni with the EMI to benefit its mission and raise awareness of the long history of the SC Johnson School of Management contribution to global businesses; in 2022 the awardee was Paul Kavuma, MBA ’93, in 2023 the awardee was Heather Henyon, MBA ’03. Congratulations to Eduardo Padilla Silva, MBA ’81, former CEO of FEMSA in Mexico. Watch the panel on our YouTube.

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2024 Cornell EMI Mark Mobius Pitch Competition

Five finalists presented during the EMI Conference 2024. Thanks to Mark Mobius for his support Congratulations to the winner: iOptiCrane, from The Hong Kong Polytechnic University ($10.000). Find more details at pitch.emiconference.com.

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Emerging Markets Institute Year In Review 2023-2024

In the past academic year, 72 fellows graduated, the 9th edition of the EMI Annual Conference had 500 attendees, 19 blogs were published, the EMI Report reached its 7th edition, and so much more happened! Join EMI in reflecting back on the past year’s events and achievements by checking the 2023-2024 Year in Review!

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EMI Graduation Celebration Class of 2024

Congratulations to the 72 EMI Fellows class of 2024! The celebration hosted a keynote speech by Iván Duque, Former President of Colombia (2018-22), Geoff Lim, MBA ’00, Founder and Managing Partner of Aeterra Capital Partners, Andrew Karolyi, Charles Field Knight Dean of the Cornell SC Johnson College of Business, and Vishal Gaur, Anne and Elmer Lindseth Dean of the Johnson Graduate School of Management.

Best of luck for our alumni and please keep in touch.

Watch the EMI Fellows Graduation Celebration 2024

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2024 EMI PhD Research Conference

The Emerging Markets Institute hosted the PhD Research conference in Ithaca, on May 2– 4, 2024. 24 speakers from 18 universities all over the world joined Andrew Karolyi, Charles Field Knight Dean of the Cornell SC Johnson College of Business. Thanks to Andrew Foley for the support.

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NY State Assembly Recognition of EMI as an Outstanding Institution

During the EMI conference 2023, EMI was recognized by the New York State Assembly as an ‘outstanding institution worthy of the esteem of both the Community and the Great State of New York’. This recognition would not have been possible without the hard work of the EMI team, EMI fellows, volunteers, alumni, EMI advisory council, colleagues and EMI’s networks. Thanks, Steven Raga, member of the NYS Assembly, who signed the recognition.

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Inaugural Cornell EMI Distinguished Fellows Program

The inaugural EMI Distinguished Fellows will be awarded to Iván Duque, Former President of Colombia (2018-2022). The program aims to recognize excellence and foster meaningful engagement between students, academia and leaders from emerging markets. Congratulations to Iván Duque!

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Welcome, Emerging Markets Global Players (EMGP)

The Emerging Markets Global Players (EMGP), previously under Columbia University, is joining EMI network and management. EMGP‘s website is in the process of reactivation and all the great research and reports produced by the team will be made available soon. The EMGP research group and its Fellows have resumed meeting and will be included in EMI’s activities, going forward. A special thank you to Lisa Sachs, Director of the Columbia Center on Sustainable Investment.

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Innovation from Emerging Markets: From Copycats to Leaders

EMI is  proud to announce that its newly released book “Innovation from Emerging Markets: From Copycats to Leaders” is now available to buy from Cambridge University Press and Amazon in hardback and ebook format. This book aims to examine innovation and the leadership of noteworthy EMs countries and EMNCs. Thanks to the Emerging Multinationals Network, the joint efforts of various institutions around the world, comprised in this book.

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Gail and Rob Cañizares gift to EMI

EMI is grateful to Gail and Roberto Cañizares ’71, MBA ’74 for their $1.8 million gifit to EMI. The gift will establish the Emerging Markets Institute Case Writing Program pilot fund and the Cañizares Award for Distinguished Alumni in International Business and Emerging Markets. Read more about their generous gift!

EMI Year in Review in Numbers

71

EMI Fellows 2024 Class

from 46 Countries

500

2024 EMI Conference attendees

26k

EMI Report downloads

705

Participants in the 2024 Case Competition

from 15 countries

3,059

EMI eCornell Keynote Webinars Attendees in 2024

30k

Social media followers

in all platforms

36k

Views to EMI BusinessFeed Blogs

126

Startups Competed in the Pitch Competition

Since the first edition

Emerging Markets Institute BusinessFeed

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February 20, 2025

Navigating the Complexities of Dealmaking and Private Transactions in Emerging Markets

Investors and financial advisors interested in emerging markets often create synergies with DFIs to expand capabilities and mitigate risks.

Illustrative coins shaped by Bitcoin’s symbol on a laptop used for investments.
February 18, 2025

Perpetual Futures Contracts and Cryptocurrency Market Quality: Insights from Emerging Markets

How do perpetual futures contracts impact cryptocurrency trading in emerging markets like China? Our research uncovers key insights.

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February 7, 2025

Solving Global Challenges Through Diversity

A team from Ritsumeikan Asia Pacific University showcases the power of diversity and teamwork at the Cornell EMI Corning Case Competition.

Education

eCornell Emerging Markets Certificate Program

Emerging markets are key players in the global economy but often lack funding to become developed markets. This program explores investment opportunities and challenges in these markets. You’ll learn strategies for competitive advantage and a framework to evaluate risks in six dimensions, gaining insights into investing in emerging markets.

Learn More

Recent Courses Featuring Emerging Markets

  • NBA 6370 – Current Global Issues for Business: China, India, Latin America, Europe and beyond
  • NBAE 6440 – Disruptive Innovative Companies from China and Other Emerging Markets
  • NBAY 5550 – Entrepreneurship and Alternative Finance in Emerging Economies
  • NBA 5920 – Experience in International Management
  • NBA 5260 – Leaders in Emerging Markets
Learn More
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Johnson’s Karolyi Releases Rankings of Emerging Markets for Investors

Research takes a first-of-its-kind look at the fundamental risks associated in investing in emerging foreign markets

Read More

Upcoming Events from EMI

February 26 2025

EMI Office Hours

Wednesday, February 26, 2025
EMI come to the Sage Hall atrium to chat with students. Feel free to stop by and understand more about...
9:00am - 10:00am EST -05:00
Sage Hall atrium, Sage Hall, 114 Feeney Way, Ithaca, NY 14853, United States
February 28 2025

EMI Fellows Meeting

Friday, February 28, 2025
Emerging Markers Institute Fellows monthly meeting updating about the progress on:. . — Event Details: https://johnson.campusgroups.com/rsvp?id=2255798
12:00pm - 1:00pm EST -05:00
Sage Hall 131, Sage Hall, 114 Feeney Way, Ithaca, NY 14853, United States
March 5 2025

EMI Office Hours

Wednesday, March 5, 2025
EMI come to the Sage Hall atrium to chat with students. Feel free to stop by and understand more about...
9:00am - 10:00am EST -05:00
Sage Hall atrium, Sage Hall, 114 Feeney Way, Ithaca, NY 14853, United States

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Disclaimer

All the views expressed in the articles published in the Emerging Markets Institute webpage are those of the author(s) and should not be taken as reflecting the views of the Emerging Markets Institute.