Too big, too quick? An institutional and systemic overview of the rise of Russian metallurgical transnationals

Cédric Durand and Marc Lautier
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Marc Lautier: CEPN - Centre d'Economie de l'Université Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord

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Abstract: Russian outward foreign direct investment (OFDI) has expanded rapidly during the years 2000. The country has become the leading foreign investor among the BRIC countries (Figure 1), but the global crisis led to a spectacular retreat since 2008. The rise of multinational companies from non-triadic countries has attracted growing attraction in the recent period (see Goldstein, 2007 for a review), but the Russian case has been somewhat neglected, given the scale and the speed of the phenomenon. It is also highly original as far as the sectoral concentration of these FDI is concerned.After the oil and gas sector, metallurgy is the second sector to participate to this foreign expansion (Liuhto and Vahtra, 2007; Kalotay, 2008; Skolkovo, 2008).

Keywords: Transnationals; Institutions; Development; Crisis; Metallurgy; Foreign Direct Investment; Russia; Transnationales; institutions; développement; crise; métallurgie; investissement direct étranger; Russie (search for similar items in EconPapers)
Date: 2013-12
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Published in European Review of Industrial Economics and Policy , 2013, 7

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Journal Article: Too big, too quick?. An institutional and systemic overview of the rise of Russian metallurgical transnationals (2013)
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