ECONOMIC AND INSTITUTIONAL DETERMINANTS OF FDI INFLOWS TO EMERGING MARKETS: A COMPARATIVE ANALYSIS OF THE BRICS
ECONOMIC AND INSTITUTIONAL DETERMINANTS OF FDI INFLOWS TO EMERGING MARKETS: A COMPARATIVE ANALYSIS OF THE BRICS

Summary/Abstract: Over the past three decades, BRICS have shown higher growth rates as compared to even developed countries of the world, confirming to the prime objective for which these countries joined hands together. The prime objective was to enhance cooperation in trade and commerce, to increase their socio-economic and political importance and to bring this group in the forefront in the world forum.Therefore, it becomes imperative to throw some light on the trends and patterns of the factors across these countries which have contributed to the success of BRICS over these years especially in terms of becoming the most favourite destinations of the world in attracting Foreign Direct Investment (FDI) inflows. Country wise and period wise trend analysis is conducted in this study to examine the pattern followed by the macro- economic and institutional determinants affecting the FDI inflows in all these five countries individually and also as a group. A comparative analysis is also done across all the five countries regarding ranking them across all these parameters and finding out the areas where they are leading and lagging.

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