The book addresses senior policy makers interested in understanding and debating key issues currently faced by the better performing emerging markets throughout the world. Papers in the volume address international capital flows, financial markets, globalization, and private participation in infrastructure development.

The papers included in this book were among those discussed at the Emerging Markets Forum meeting in Jakarta, Indonesia in September 2007. The underlying premise of the book is that growth and development in emerging market economies is now heavily dependent on: international private capital flows; development of financial markets; the countries ability to integrate successfully with the global economy through trade and investment; and their ability to forge public private partnership, including, in infrastructure development. A particular emphasis is on contrasting and comparing experiences in Asia and Latin America.

Outward Foreign Direct Investment from Emerging Economies: New Players in the World Economy?
Outward foreign direct investment from emerging economies: New players in the world economy?

For many years, emerging economies have commonly been perceived as target countries of foreign direct investment (FDI). Recent large-scale overseas investments by companies based in countries like China, India, Brazil, Mexico, Russia or South Africa have made it clear, however, that emerging economies also play an important role as origin countries of FDI. This chapter seeks to provide some background information on this phenomenon and formulates preliminary policy conclusions.

Stylized facts can be summarized as follows:

  • Emerging economies have become an important source of FDI. Outflows grew particularly in the 1990s and reached US$ 133 billion in 2005 or about 17 per ...

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