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TRANSNATIONAL CORPORATIONS OF EXTRACONTINENTAL BIG CHINA:
Sapuntsov Andrey Leonidovich, Candidate of economic sciences, associate professor, senior staff scientist, Institute for African Studies, Russian Academy of Sciences (30/1 Spiridonovka street, Moscow, Russia), Andrew@sapuntsov.ru
Background. Russian TNCs have certain competitive advantages in African markets, however by the end of 2013 the stock of Russian FDI in Africa was only 2 billion dollars or just 0,5 % of such total investments abroad. The value determines the necessity to invest more actively and to find new partners for undertaking mutual projects, in particular, from BRICS countries. TNCs from extracontinental Big China (Hong Kong, Macao, Taiwan and Singapore) have achieved significant success in the African investment expansion and have done many beneficial things for host countries, however in some cases the mistakes were made and the negative external effects occurred – such instances should be considered in business ventures invol¬ving Russian parties. The purpose of the article is to determine tendencies in organization of African business by companies from the abovementioned countries.
TNC, FDI, Singapore, Hong Kong, Taiwan, Africa, agriculture
1. Table 11-19. Overseas Direct Investment by Countries and Regions. – URL: http:// www.stats.gov.cn/tjsj/ ndsj/2014/indexeh.htm
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