Chapter

Introduction

David Collins

in The BRIC States and Outward Foreign Direct Investment

Published in print March 2013 | ISBN: 9780199652716
Published online May 2013 | e-ISBN: 9780191746185 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780199652716.003.0001

Series: International Economic Law Series

Introduction

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This chapter introduces the four BRIC states, namely Brazil, Russia, India and China, as well as the concept of outward foreign direct investment (FDI). These four BRIC states became the leading global economic factors in the 21st century. They are now symbolic of the modern concept of globalisation. The regulation of outward FDI in services involves a complex interplay of national, regional, and multilateral rules. Outward FDI can decrease the one-sidedness of globalisation. FDI also brings capital, skills, and technology that nations need to prove and sustain competitive industries. The various bilateral and regional agreements that contain provisions regarding the protection of investments are the most vital means of regulating outward FDI. The substance of Multilateral Agreement on Investment in Services (MAIS) highlights the common elements of the BRICs multilateral commitments.

Keywords: outward foreign direct investment; brazil; russia; india; china; bric states; globalisation; multilateral Agreement on Investment in Services; multilateral commitments

Chapter.  11327 words.  Illustrated.

Subjects: Public International Law

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