FDI Perspective No. 171: “Untangling the effects of “special purpose entities” on global FDI ,” by Delphine Nougayrède

Investments made through foreign special purpose entities (SPEs) are often measured in the same category as foreign direct investment – yet the beneficial owners of such entities are often unknown. This Perspective presents a Russian example of the distortion in national FDI statistics arising from one SPE.

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