The Russian Economy and Foreign Direct Investment

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Before the recent Ukrainian crisis, Russia was one of the main sources of foreign direct investment (FDI) outflow and one of the main targets of FDI inflow in the world. However, the events in the Ukraine, the formation of the Eurasian Economic Union, and China’s growing interest in the Russian market and its natural resources have changed the picture completely.

This new book brings together an international group of contributors to present a timely and comprehensive analysis of FDI to and from Russia. The book assesses the impact of the changed international political situation on foreign firms operating in Russia, and explores how the new world context has affected Russian investments abroad. The book also considers the future relationship between Russian corporations and the EU and the USA in light of recent events. This book answers an array of key questions including: how have investments from and to Russia developed in the last 100 years; how are Russian businesses spreading to foreign countries through their indirect investments; and how is the Russian Government influencing the investments of Russian businesses abroad?

This volume is of great interest to those who study international economics, modern world economy, and FDI, as well as those interested in international investment movements and the changing role of Russia in international business and the global economy.

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About the author

Kari Liuhto is Professor of International Business at the Turku School of Economics, the University of Turku, Finland.

Sergei Sutyrin

is Professor and Head of the World Economy Department, Saint Petersburg State University, and the WTO chair holder since 2010.

Jean-Marc F. Blanchard

is Distinguished Professor at the School of Advanced International and Area Studies, East China Normal University, China, and Executive Director at the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, USA.
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Additional Information

Publisher
Routledge
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Published on
Nov 10, 2016
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Pages
276
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ISBN
9781317309031
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Language
English
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Genres
Business & Economics / General
Business & Economics / International / Economics
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Content Protection
This content is DRM protected.
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Available on Android devices
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Eligible for Family Library

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Evaluate the impact of Russia’s global business expansion

Since the collapse of the former Soviet Union, tremendous changes have taken place in the Russian Federation’s trade relationship with other countries—especially with former allies. Expansion or Exodus examines how and why Russian corporations invest outside the country and why most of that money remains abroad as the growth and performance of these companies increases at an accelerated rate. As the Federation moves closer to joining the World Trade Organization, this timely book provides a global view of Russia’s outward expansion, exploring the operations of Russian firms in old, new, and forthcoming European Union member states.

Russian corporations have invested 50-70 billion USD abroad in the last five years, with global energy giant Gazprom leading the way. Although some of the Russian money has returned home, most of it remains abroad, largely in the EU and the United States. Many ex-socialist countries fear the Russian government is using its energy companies as foreign policy tools and in some cases, those fears have been grounded. But the outward expansion of Russian firms has become less motivated by politics as non-energy-related companies have begun their internationalization.

Expansion or Exodus examines the vital issues surrounding Russia’s outward foreign direct investments, including:
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the international activities of the leading Russian companies in several industrial sectors
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the outward internationalization of Russia’s telecommunication company Mobile TeleSystems (MTS)
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