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The Russian ODI and FDI Promotion Strategy of Korea

Author

Listed:
  • Lee , Jae-Young

    (Korea Institute for International Economic Policy)

  • Min , Jiyoung

    (Korea Institute for International Economic Policy)

  • Lee , Seong Bong

    (Seoul Women's University)

  • Kuznetsov , Alexey

    (Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences)

Abstract

Russian overseas direct investment (ODI) has been increasing rapidly in recent years, thanks to the continuous high oil prices phenomenon in the world and political stability in the nation since the early 2000s. Naturally, Russian ODI began to exhibit an upward trend since the early 2000s and rose more steeply from the mid-2000s. The 2008 global financial crisis could not stop the Russian ODI. Rather, it continued with large amount and is expected to keep the trend in the future. The total volume of Russian ODI in stock recorded $362.1 billion at year-end 2011, ranking 15th place in the world. The volume grew more than 18 times of that in 2000. From 2007 to 2011, Russia invested more than $1 billion on the average to 12 countries and $100 million to $1 billion on the average to other 17 countries annually.

Suggested Citation

  • Lee , Jae-Young & Min , Jiyoung & Lee , Seong Bong & Kuznetsov , Alexey, 2013. "The Russian ODI and FDI Promotion Strategy of Korea," World Economy Brief 13-14, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2013_014
    DOI: 10.2139/ssrn.2320938
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