Economically, the BRIC countries are highly connected to the world in terms of
international trade, capital flows, and market interdependence. The BRICs share
as a destination for global FDI, which has been growing substantially in the past decade. FDI inflows have accounted for more than 10 per cent of their annual fixed
capital formation. Especially for Russia, in 2009 and 2010, one fifth of the fixed
capital formation sourced from FDI. The combined annual inward FDI flows to
the BRICs in 2010 will almost triple the flows in 2000. According to UNCTAD
(2011) statistics, the BRICs attracted more than $1.5 trillion or about 12 per cent
of world FDI flows during the period from 2000 to 2010. At the end of2010, the
stock of FDI in the BRICs was valued at about $1.7 trillion, almost one-quarter of
that of G7. Meanwhile, the BRICs outward FDI also picked up sharply to reach
more than 4 per cent of the world as more and more companies expand their global
presence. In 2010, more than one-tenth of the world total outward FDI flows were
sourced from the BRICs