Mlachila, Montfort; Takebe, Misa - International Monetary Fund (IMF) - 2011
investment. As a result, while it is difficult to estimate accurately the growth impact of BRIC FDI, there is case study evidence … that it is increasingly significant. Second, while initial investment, mostly by state-owned companies, has often been … destined for natural resource industries, over time, investment has been spreading to agriculture, manufacturing, and service …