Investment Cooperation Between Russia And Others BRICS Countries

In the process of development and expansion of economic cooperation between Russia and developing countries,becomes particularly relevant the field of investment,because without investment is impossible to secure economic growth,implement structural changes and modernization.BRICS integration associations,including Brazil,Russia,India,China and South Africa,is one of the priorities of developing foreign policy of Russian Federation.Investment cooperation is the reference point by which is possible qualitatively change all the economic relationships between Russia and member countries of BRICS.In this regard,increasing Russian interest in foreign direct investment(FDI),which can significantly improve the economic situation in the country.This research is devoted to the analysis of investment cooperation between Russia and the BRICS countries.Considered the accumulated,current and mutual investments in these countries are offered recommendations to improve the level of cooperation in the investment sphere.Identified problems of investment cooperation between Russia and the BRICS and suggested its solutions.The study is actual because strengthening investment cooperation of the BRICS countries can give new impetus to mutual trade,significantly enhance their structural complementarity in new promising sectors of the economy and thereby accelerate technological progress.This paper consists 5 chapters.The first chapter provides a general concept of FDI and their types,and also considers the positive and negative effects of FDI for investors and host countries.Carried out the basic theory of FDI: Monopolistic Advantage theory,Internalization Theory,Product Life Cycle Theory and so on.Also,analyzed the risks and ways of international regulation of FDI.In the second chapter is held a comprehensive analysis of the economic development of the BRICS countries at the present stage.Through a comparative analysis of the BRICS and analysis of the competitiveness of countries,identified the strengths and weaknesses of the economic development of countries.Through theanalysis of global investment of BRICS countries,compared with developed countries,defined the place of the BRICS in the global flows of investment,and disclosed the problem of mutual FDI between the BRICS countries.The third chapter is devoted to analysis of Russian investment position in the world,through the structural analysis of incoming and outgoing FDI,described the structure of Russian Federation FDI investments.Provides the profiles of FDI between Russia and the BRICS countries,as well as detailed Russian mutual investment projects with each of the BRICS countries.Based on this analysis was revealed the main problems of Russia investment cooperation with the BRICS countries.In the fourth chapter performed econometric analysis of factors affecting the volume of FDI in the BRICS countries,as well as tested the theory of Ian Tinbergen,for the analysis of factors influencing on the flow of BRICS FDI in the Russian Federation.Jan Tinbergen was first,who created an econometric model that explains bilateral trade flows between pairs of countries,by using GDP as explanatory variables of both trade partners,the distance between them,the gross monthly wages,the index of economic freedom,and so on.In the fifth chapter offered recommendations to solve the problems of BRICS countries FDI,as well as ways to solve problems of investment cooperation between Russia and the BRICS countries.Presented vision of Russian place in the future investment cooperation with the BRICS countries.