Abstract

According to the United Nations Conference on Trade and Development (UNCTAD), South-South foreign direct investment (FDI) has been growing rapidly, from an estimated US$6.5 billion in 1990 to some US$60 billion as of 2004 (UNCTAD 2006). UNCTAD estimates that there are over 20,0 multinational enterprises (MNEs) headquartered in emerging markets; many with significant potential to expand further their overseas presence. With global FDI flows estimated at US$1.5 trillion in 2007, and flows from emerging markets an estimated US$210 billion in 2006 (figure 12.1), South-South FDI is poised to increase further.

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