A LİTERATURE REVİEW ON CHALLENGES FOR OUTWARD FOREİGN DİRECT INVESTMENT FROM EMERGİNG ECONOMİES

Ms. Shelly Verma
Galgotias University, School of Liberal Education, Division of Economics, India shelly.verma_phd20@galgotiasuniversity.edu.in , ORCID ID: https://orcid.org/0000-0002-8627-4074

Dr. Manju Dahiya
Galgotias University, School of Liberal Education, Division of Economics, India manju.dahiya@galgotiasuniversity.edu.in, ORCID: https://orcid.org/0000-0003-4575-1097

Vol 17, No 06 ( 2022 )   |  DOI: 10.5281/zenodo.6680820   |   Licensing: CC 4.0   |   Pg no: 93-111   |   Published on: 22-06-2022

Abstract
This paper aims to identify insights into the significant increase in volume of emerging economies' outward foreign direct investment (OFDI). We do this by carrying out a literature review of the scope of OFDI based on articles in journals, government data, the United Nations Conference on Trade and Development (UNCTAD), and the International Finance Corporation. We identified five reasons that have been instrumental in a home country's desire to enter global markets through investment. This research will help understand methods to increase GDP, improve productivity of available resources and create employment opportunities. While a vast repository of work is available on OFDI, we have tried to include articles that capture its significance, from how OFDI theories have evolved from ones applicable to developed countries to those needed for emerging economies; and how experiences of various countries in their OFDI journey can shape those who are currently venturing in this domain.

Keywords:
Outward FDI, Emerging economies, multinational enterprises from emerging economies (EMNEs), OFDI theories, OFDI policy framework

Download Full Article PDF