This research, first, demonstrates that Outward FDIs from Brazil, China, and India are very much in accordance with the Investment Development Path predicted by John Dunning thirty years ago. Secondly, an analysis of the data shows that Chinese Outward FDI is mostly South-South, India's mostly South-North, and Brazil's Outward FDI more balanced between South-South and South-North. Finally, it is argued that the strong Country-Specific Advantages of Brazil are what made their Multinational Enterprises (MNEs) come to exercise strong Firm-Specific Advantages in international competition. On the other hand, the strong Country-Specific Advantages of China have not yet been translated into strong Firm-Specific Advantages. In contrast, Indian MNEs are exercising strong Firm-Specific Advantages, in spite of weak Country-Specific Advantages.
Date: November 28, 2011
Time: 03:00 P.M.
NIPFP Auditorium, Ground Floor
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
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