FDI in BRICs: A Sector Level Analysis

Abstract

This paper attempts to compare the overall trends and industrial patterns of inward foreign direct investment in the BRICs and explain their determinants. The overall trend of the inward FDI in the BRICs is increasing. Nevertheless, the industrial patterns of inward FDI are different from each other. In addition, there are three main factors that determinant the industrial patterns of inward foreign direct investment in the BRICs: develop courses, resources and the business environment.