Transnational Corporations of BRICS Countries

In: Mirovaja ėkonomika i meždunarodnye otnošenija: MĖMO, Heft 3, S. 3-11

Abstract

The article shows rather modest role of BRICS countries in the outward foreign direct investments. However, the share of BRICS in global FDI rapidly increases due to the growth of Russian and Chinese activities abroad. The analysis of 25 leading and some other transnational corporations from different industries of BRICS demonstrates significant heterogeneity of these companies. They have various key motivations for expansion abroad and represent diverse modes of state support for foreign direct investments. As a result, BRICS countries have a few common aims in the global regulation of investment processes. Moreover, transnational corporations from BRICS often compete with each other.