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FOREIGN DIRECT INVESTMENTS TRENDS IN BRICS COUNTRIES
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FOREIGN DIRECT INVESTMENTS TRENDS IN BRICS COUNTRIES
Annotation
PII
S0321-50750000495-0-1
Publication type
Article
Status
Published
Authors
Lada V. Progunova 
ORCID: 0000-0001-7712-6427
Edition
Issue №6
Pages
34-43
Abstract
Based on the analysis of the BRICS central banks statistical data, the UNCTAD's world investment reports, and estimations of several analytical agencies, the article draws the conclusions about the trends in the development of foreign direct investment of the BRICS countries. The upward trend in incoming and outgoing FDI of BRICS is due to the liberalization of FDI regimes, management reforms, anti-corruption campaign, amnesty of capital and the adoption of more market laws in BRICS countries. Higher growth rate of outflow investments from the BRICS countries in comparison with the inflow indicates the beginning of the trend turn of the BRICS countries from the primary recipients of investments to active world investors. China plays a leading role in investing in all countries of the group and accounts for about half of all the accumulated inward and outward direct investments of the BRICS countries. The emerging reorientation of the BRICS FDI flows from classical offshore jurisdictions to the European ones with a favorable tax climate is the first sign of deoffshorization of the BRICS economies, as well as a sign of the beginning of the process of «maturation» investments from the group. MNCs from BRICS are increasing their positions in the global corporate ratings and becoming emerging players in the global M&A landscape. A lion's share of M&A purchases by companies from BRICS were in developed countries that meets their needs to acquire knowledge-intensive assets, mainly concentrated in developed countries. MNCs from BRICS have been showing greater interest in investment within the group in recent years, that has emerging a trend towards an increase in intra-group flows of FDI.
Keywords
BRICS, intra-group FDI, M&A, MNCs, investment cooperation
Date of publication
01.06.2018
Number of purchasers
8
Views
1782
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0.0 (0 votes)
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