金磚四國接受外人直接投資的重要影響因素分析

Abstract

Brazil, Russia, India, and China (BRICs) are becoming the main drivers of the global economic growth. As these countries have potentials to become future major economic powers, they represent enormous opportunities for an international investor. This study examines foreign direct investment (FDI) attractiveness of the four countries in a comparative perspective using selected FDI determinants, which are classified into three groups: market, cost and stability determinants. In addition, the report provides an overview of the four economies and FDI in BRICs. Chapters 1, 2 introduce the importance of BRICs in the world economy, present research methodology and limitations. Chapter 3 covers literature review on FDI determinants. Chapter 4 includes 3 sections: market determinants (population size, GDP, GDP per capita, GDP growth and private consumption), cost determinants (wage rate, tax rate, trade barriers, ease of doing business, corruption, education) and stability determinants (political stability, government deficit, external debt, inflation and foreign exchange reserves) of FDI in BRICs. Chapters 5 discusses FDI confidence index of BRICs. Overall, BRICs represent strong and growing markets and relatively stable political and macroeconomic environment. The major obstacles in all four economies are complicated business regulations and corruption.

Brazil, Russia, India, and China (BRICs) are becoming the main drivers of the global economic growth. As these countries have potentials to become future major economic powers, they represent enormous opportunities for an international investor. This study examines foreign direct investment (FDI) attractiveness of the four countries in a comparative perspective using selected FDI determinants, which are classified into three groups: market, cost and stability determinants. In addition, the report provides an overview of the four economies and FDI in BRICs. Chapters 1, 2 introduce the importance of BRICs in the world economy, present research methodology and limitations. Chapter 3 covers literature review on FDI determinants. Chapter 4 includes 3 sections: market determinants (population size, GDP, GDP per capita, GDP growth and private consumption), cost determinants (wage rate, tax rate, trade barriers, ease of doing business, corruption, education) and stability determinants (political stability, government deficit, external debt, inflation and foreign exchange reserves) of FDI in BRICs. Chapters 5 discusses FDI confidence index of BRICs. Overall, BRICs represent strong and growing markets and relatively stable political and macroeconomic environment. The major obstacles in all four economies are complicated business regulations and corruption.