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

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Published on
Nov 10, 2016
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Business & Economics / General
Business & Economics / International / Economics
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Evaluate the impact of Russia’s global business expansion

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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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how Russian direct investments in Poland led to corruption and political involvement
why foreign direct investments in the Baltic States have been met with suspicion
why natural resource-based companies have been main drivers of international growth of Russian economy and how manufacturing and telecommunication industries are catching up
the development of a Lithuanian oil refinery from state-ownership to privatization by an American corporation to acquisition with Russian capital
the international activities of the leading Russian companies in several industrial sectors
the majors factors that form contemporary Russian business culture
the negative features of receiving Russian investments
the outward internationalization of Russia’s telecommunication company Mobile TeleSystems (MTS)
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