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Author: | Liuhto, K. Jumpponen, J. |
Title: | Russian corporations and banks abroad |
Journal: | Journal for East European Management Studies (JEEMS)
2003 : VOL. 8:1, p. 26-45 |
Index terms: | Capital flight Foreign investment Globalization Multinational companies Russia |
Language: | eng |
Abstract: | The FDI stock of Russia amounted to $15 billion at the beginning of 2002. Recorded outward direct investment covers only a small part of the total capital outflow from Russia abroad. Capital flight represents the core of Russian capital outside Russia. During the period 1994-2001 recorded annual FDI outflow was 10% of capital flight. The Russian government should continue fighting against illegal capital flight while simultaneously support the internationalisation, since Russian companies and the Russian economy as a whole can't become truly global without investing abroad. |
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