The privileges of integration with the global economy have led developing
countries to embark on a path of liberalisation and globalisation. This resulted in rapid
growth of inward and outward foreign direct investment from developing countries. In
the last two decades there is an increasing trend of outward FDI from developing
countries to both developed and developing countries. This dissertation focuses on
exploring the literature on outward FDI from developing countries, and
internationalisation process of developing country multinationals which are
considered to be carriers to investment across international borders. The study has
examined the two main strands of literature on outward FDI from developing
countries – determinants of outward FDI and internationalisation process.
Findings of the systematic review show that there is a dearth of studies in this
area of research. Except a number of studies on China and countries of East and South
East Asia, there is very limited evidence on outward FDI from developing countries.
There is a set of studies on Africa that examine South-South investment flows.
Studies on other major developing countries are either non-existent or lack in
comprehensiveness. Some studies resulted in contradictory findings about the
determinants of outward FDI. This raises the question of sensitivity of variables
across geographical locations and time periods, which has not been researched before.
Studies on outward FDI also do not make a clear distinction between South-South and
South-North FDI flows. Other aspects like sovereign wealth funds and commodity
price boom have been ignored in the literature. It is important to investigate outward
FDI flows from the major developing economies because of its sheer scope to
contribute to academic literature, its policy implications, and also because of its
potential to bring development to some of the most impoverished parts of the world.
| Identifer | oai:union.ndltd.org:CRANFIELD1/oai:dspace.lib.cranfield.ac.uk:1826/6576 |
| Date | 08 1900 |
| Creators | Prasad Kodiyat, Tiju |
| Contributors | Poshakwale, Sunil |
| Publisher | Cranfield University |
| Source Sets | CRANFIELD1 |
| Language | English |
| Detected Language | English |
| Type | Thesis or dissertation, Masters, MSc by Research |
| Rights | © Cranfield University, 2009. All rights reserved. No part of this publication may be reproduced without the written permission of the copyright holder. |
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