Unlike China, Russia doesn’t have an official go-global policy, but political leaders have been quite supportive. Incoming president Medvedev told Russian companies to take China as a model.
Some Russian companies (especially large players in extractive industries) are already doing so. In 2006, Russia was third only to Hong Kong and Brazil with $18b in outward direct investment and $157 of outward FDI stock. Direct investment by the Russian private sector doubled in 2007 over the 2006 level – and may be on track to continue to do so this year. Russian outward portfolio and direct[...]