FDI from BRICs to LICs : Emerging Growth Driver? / Montfort Mlachila, Misa Takebe.

Format:

Book

Government document

Author/Creator:

Mlachila, Montfort.

Contributor:

Takebe, Misa.

International Monetary Fund.

Series:

IMF Working Papers; Working Paper ; No. 2011/178

IMF Working Papers

Language:

English

Subjects (All):

Investments, Foreign--Developing countries.

Investments, Foreign.

Capital movements--Developing countries.

Capital movements.

Physical Description:

1 online resource (60 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

Despite the rapid increase in FDI flows to LICs, there have been relatively few studies that have specifically examined these flows. This paper attempts to partially fill the void by throwing light on one particularly dynamic aspect of global FDI-flows from Brazil, Russia, India and China (BRICs). The paper finds that official data sources undoubtedly underestimate the volume and scope of FDI flows as many small and medium-sized enterprises (SMEs) do not always register their investment. As a result, while it is difficult to estimate accurately the growth impact of BRIC FDI, there is case study evidence that it is increasingly significant. Second, while initial investment, mostly by state-owned companies, has often been destined for natural resource industries, over time, investment has been spreading to agriculture, manufacturing, and service industries (e.g., telecommunications). Third, FDI from BRICs flows into many non resource-rich countries in LICs and plays a significant role in growth in those countries.

Contents:

Cover Page; Title Page; Copyright Page; Abstract; Contents; I. Introduction; 1. FDI to Developing Countries, 1990-2008; II. Foreign Direct Investment from BRICs in LICs; A. Overview; 2. BRICs: Annual Outward Foreign Direct Investment Flows, 1991-2009; 1. BRICs: Stocks of Outward Foreign Direct Investment to Low-Income Countries; B. Data Issues; 2. Major developing economy investors in Africa, 2006-2008; 3. India: Outward Foreign Direct Investment Stocks to Low-Income and Other Developing Countries; C. Chinese FDI Flows to LICs and other Developing Countries; 3. China's Outward FDI Flows

4. China FDI Outflows, by region, 2003-20086. China: Global FDI Outflows-Geographic Distribution; 1. Finding Good Data on Chinese FDI to LICs-Mission Impossible?; 7. China: Global FDI Outflows-Sectoral Composition; 4. Brazil: Outward Foreign Direct Investment Stocks to Low-Income and Other Developing Countries; 4. China: FDI Flows to Low-Income Countries; D. Chinese FDI Flows to Sub-Saharan Africa; 6. China: Top FDI Destinations in Sub-Saharan Africa; 7. Chinese FDI in Selected Sub-Saharan African Economies; 2. Typology and Financing of Chinese FDI

3. Chinese FDI in Natural Resources in Africa, 2001-20074. Packaged Investment Projects in Natural Resources and Related Infrastructure; 5. Chinese Foreign Economic Cooperation; 5. China Economic Cooperation, by region, 1998-2008; III. Major Drivers of Chinese FDI and Their Implications; IV. Country Case Studies; Angola; 8. Chinese FDI Flows to Angola; Liberia; Sudan; Zambia; V. The Impact of BRIC FDI; VI. Concluding Remarks; References; Footnotes

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 25, 2014).

ISBN:

9786613865557

9781463901899

1463901895

9781463900250

1463900252

9781283553100

1283553104

9781463900168

1463900163