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Article: South-South FDI flows: how big are they?(Research Note)(Foreign Direct Investment)
- Article from:
- Transnational Corporations
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 The United Nations accepts no responsibility for the accuracy or suitability of the presentation of these materials in this publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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This research note seeks to calculate the volume of South-South foreign direct investment flows in the 1990s. Indirect estimates, using data from several sources, suggest that more than one-third of such inflows into developing economies have originated in other developing economies. South-South foreign direct investment is driven by similar "push" and "pull" factors as drive North-South flows. A non-negligible part of South-South investment however may reflect round tripping of own capital motivated by policies that favour foreign investors over domestic ones.
Key words: foreign direct investment, transnational corporations, developing countries, round tripping