New Voices in Investment: A Survey of Investors from Emerging Countries

Abstract

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A BIT Far? Geography, International Economic Agreements, and Foreign Direct Investment: Evidence from Emerging Markets

“…Data from the survey suggests that most firms are market-seeking: accessing new markets was claimed to be the main motivation for almost 70% of investors in the sample. The second main motivation for investing abroad was lowering production costs, chosen by 20% of investors surveyed, followed by acquiring natural resources and inputs (5%) (Gomez-Mera et al 2014).…”

“…Thus, if investors value PTAs primarily because of their trade-related effects, the relevance of these agreements may decrease with distance.9 The rationale for excluding natural resources and focusing largely on manufacturing and services was that while investment in natural resources continues to account for a significant proportion of total FDI, its drivers and patterns of geographical expansion tend to differ markedly from investment in manufacturing and services. 10 SeeGomez-Mera et al (2014).…”

Inclusive Global Value Chains: Policy Options for Small and Medium Enterprises and Low-Income Countries

“…Emerging economies are now important sources of outward FDI. For example, the outward direct investment of firms in the BRICS (Brazil, the Russian Federation, India, China, and South Africa) rose from US$7 billion in 2000 to US$145 billion in 2012 and US$200 billion in 2013, which is almost one-third of global FDI (Gómez-Mera et al 2015). Although most of those investors are driven primarily by market-seeking considerations (selling products locally), a subset is driven by lowering production costs.…”

China, the G20 and the International Investment Regime

“…23 See Sauvant and Sachs (2009); for more recent studies, see, Min et al (2011), Lejour and Salfi (2015) and Gó mez-Mera et al (2015). The empirical evidence is particularly mixed in the case of BITs, but (logically) different in the case of investment chapters in preferential trade and investment agreements, as these enhance both protection and liberalization and link trade to investment.…”