All countries in today`s world are involved in the processes of international investment cooperation. It was stated at the international forum of legal profession, which was held in Moscow under the title "Globalization, state, law, XXI-st century" that even Cuba and Republic of China start to raise direct foreign investments into their economies. Such investments are stimulated in some particular countries by the opportunity to use absolute infrastructural advantages, such as low labor cost, low ecological standards, high qualification of workers and favorable taxation treatment for investors. One of the examples here are the increased direct investments of the American and European companies into South Korea economy.
International investment capital flows play a more significant role in the globalization processes than in international trade of goods and services. The international capital flow facilitates the ever increasing dependence of national economies.
The prevailing share of direct investments inflows and outflows will continue to be generated in the zone of industrial and post-industrial core of the global economy. In Russia financial and banking sector, services sector (first of all, IT services), pharmaceuticals, biotechnology, electronics, knowledge-intensive mechanical engineering twill remain the key spheres for attraction of such investments in the foreseeable future. Geostrategic industries such as oil and gas extraction, some sectors of mechanical engineering, some particular sub-industries of agrarian and industrial complex will preserve their attractiveness for investors. Shift of the global capital flows towards the advanced countries is temporary phenomenon. The wave of cross-border mergers in the advanced part of the global economy and consequences of 1997-1998 financial crisis *, which spoiled reputation of some developing countries and countries in transition, are declining. A continuously increasing number of developing countries increase the investment attractiveness of their countries in the course of their national economic reforms, and Russia (with some reservations) may be referred to such countries as well.
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