Cross-Border Investment: General Trends through the 2000s

Abstract

As already mentioned, FDI seems to be one of the most successful areas of regionalization in the FSU. Investments are difficult to capture statistically. Nevertheless, abundant anecdotal and indirect statistical evidence¹ suggest that Russian and Kazakh multinationals have indeed expanded their presence in the FSU in the last two decades. This process has been, as with almost all other elements of post-Soviet regionalization and regionalism, unequally distributed across various sectors and countries. In this chapter, we take a closer look at the dynamics of outward direct investments of the largest post-Soviet countries in the economies of their neighbours.