Emerging markets as emerging international investors
Apr 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The BRICs accounted for a significant share of total EM (emerging markets) capital outflows during 2005-08. China alone accounted for more than 1/3 of total flows. China is, and will remain, in “pole position” among the BRIC (Brazil, Russia, India and China) countries. Its increasing financial power is based on the size of its foreign assets, its net international creditor position, continued (net) foreign asset accumulation and very importantly, the very significant concentration of ownership and control in the hands of the government and quasi-government entities.