Institutional Determinants of Outward Foreign Direct Investment from Emerging Economies: A Home-Country Perspective

Abstract

The growing international insertion of multinational companies originating from emerging economies (EMNCs) can be described as a major trend in the current world economic scenario. During the last two decades, outward foreign direct investment from such economies grew at a higher year average rate than those from developed economies. Their participation in the world outward FDI grew from 11 per cent in 2000 to 28 per cent in 2010, and their outward stock reached more than 15 per cent of the world FDI outward stock, compared with a performance of less than 10 per cent in the 1990s (UNCTAD, 2013).