Template-Type: ReDIF-Article 1.0 Author-Name: Kulakova T. Author-Email: tkulakova@hse.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia; The Ministry of Finance of the Russian Federation Author-Name: Rudnova E. Author-Email: evgenia_rudnova@yahoo.de Author-Workplace-Name: OОО Medtekhnika, Russia Title: Direct Foreign Investment and the Role of Germany in Forming the DFI Flows Abstract: The article authors see the DFI as a form of international economic relations where the globalization trends can be observed very clearly. They take Germany as an example and identify its position in the world DFI market. They examine in detail its DFI change pattern and their financing component structure, i. e. the share capital, intracompany loans, reinvested profit and the place each component occupies within the structure. The authors describe the specifics of the German investment in the regions and identify such reasons for making investments as the development of the new market exploration strategy and the sales market expansion. They examine the statistical data available and identify the place Russia occupies among the emerging and transition economies that attract German DFI. Classification-JEL: Keywords: foreign investment, direct foreign investment (DFI), portfolio investment, joint ventures, DFI financing components Journal: Finansovyj žhurnal — Financial Journal Pages: 53-62 Issue: 1 Year: 2010 Month: January File-URL: http://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2010/1/statii/100106.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:100106:p:53-62