Abstract
The article presents the possibility of using a country's bilateral trade analysis as the informational basis for identifying priority areas and industries in manufacturing from which outward direct investment (ODI) could be promoted to the host countries that are trading partners within the integration area. There has been elaborated a methodology for determining priority industries and types of ODI strategies. It includes eight stages of a dynamic assessment of the country's international specialization change in bilateral trade. The methodology comprises the evaluation of the following indicators: comparative advantages in international trade between the country and partners in order to determine the priority sectors for ODI identify the types of ODI strategies; the nature of intra-industry trade of the country and partner countries to determine the possibilities for global and regional value chains creation. The methodology has been applied to the case of theRepublicofBelarus. There have been evaluated the dynamic changes in its international specialization in bilateral trade with the EAEU partner countries on the basis of the 4-digit UN Standard International Trade Classification code. Static and dynamic effects of integration were identified, on the basis of which the types of potential ODI strategies fromBelarusto the EAEU partner countries were revealed.
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