Assessing the internationalization dynamics of emerging markets: a comprehensive analysis utilizing SWARA-WASPAS techniques

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dc.authorid0000-0001-7119-9852
dc.contributor.authorSarihan, Ahmed Yusuf
dc.contributor.authorOzdemir, Kadir
dc.date.accessioned2026-02-08T15:15:40Z
dc.date.available2026-02-08T15:15:40Z
dc.date.issued2024
dc.departmentBursa Teknik Üniversitesi
dc.description.abstractPurposeThis paper aims to evaluate the internationalization of countries represented in the MSCI Emerging Markets Index. The evaluation considers high-technology product imports, foreign direct investments, research and development expenditures, patent and industrial design applications, exports and gross domestic product (GDP) data, representing production.Design/methodology/approachThis paper uses the Step-Wise Weight Assessment Ratio Analysis (SWARA) method to assess and rank the criteria for evaluating emerging markets. Four academics who are authorities in the field of foreign trade were consulted to weigh the criteria. The Weighted Aggregated Sum Product Assessment (WASPAS) method, considered one of the most reliable and robust MCDM techniques, was then used to evaluate and rank the countries.FindingsThe findings obtained during the research process reveal the internationalization dynamics of these countries based on the indicators they possess. As a result, it is observed which countries achieve higher performance in the internationalization process based on relevant criteria.Originality/valueThis study is theoretically unique and valuable as it simultaneously offers the potential for development to macro-level international trade theories, such as the technologic deficit hypothesis, and meso-level internationalization theories, such as the Uppsala model. Additionally, integrated multiple criteria decision-making (MCDM) methods, which are not frequently used in cross-country studies, have been used, and the performance of emerging markets has been ranked. The findings obtained from this application distinguish the research from the existing literature by transforming it into a performance ranking rather than focusing on the antecedents or consequences of internationalization and their interactions.
dc.identifier.doi10.1108/CR-06-2024-0126
dc.identifier.issn1059-5422
dc.identifier.issn2051-3143
dc.identifier.scopus2-s2.0-85207674293
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1108/CR-06-2024-0126
dc.identifier.urihttps://hdl.handle.net/20.500.12885/5879
dc.identifier.wosWOS:001338346000001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEmerald Group Publishing Ltd
dc.relation.ispartofCompetitiveness Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzWOS_KA_20260207
dc.subjectInternationalization
dc.subjectImport-export analyzes
dc.subjectInnovation
dc.subjectSWARA
dc.subjectWASPAS
dc.subjectF10
dc.subjectF14
dc.subjectO24
dc.titleAssessing the internationalization dynamics of emerging markets: a comprehensive analysis utilizing SWARA-WASPAS techniques
dc.typeArticle

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