Abstract
Geography of capital outflow and inflow to BRICS countries is considered. The prerequisites of capital outflow and inflow to these states are analyzed. The orientation of capital export and import from these countries to offshores and offshore-conduit states is underlined. The attempt is made to discover the reasons of high offshorization of BRICS countries’ outflow and inflow of capital. Author’ hypothesis explaining these reasons is put forward. It is based on the thesis of weak institutional structure of BRICS and other developing countries first of all insufficient protection of entrepreneurs, high level of shadow and criminal business as well as underdevelopment of civil law in these states.
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