This conference, organized by Cornell’s Emerging Markets Institute and its Director, Prof. Lourdes Casanova, explored how emerging multinationals from Asia and Latin America have expanded aggressively on a global scale. CEM was a co-organizer of the event. Recent developments have changed the global context. While some western nations are retreating from leadership positions others are strategically positioning themselves as possible new leaders. It explored questions such as, how are emerging multinationals reacting to this changing context, and how are they positioning themselves to succeed in this new world?