Cross-Border Investment (CBI) refers to all capital flows, both private and public, between countries i.e. investment across the geographical borders of countries. Intra-regional CBI is therefore related to capital flows listed within a Regional Economic Community (REC). CBI is an important indicator used to gauge the level, nature, content and depth of the economic and social integration of a Regional Economic Community (REC). In addition, as a source of Foreign Direct Investment (FDI), it is expected to have positive impacts on the national economies, which include job creation, appropriate technology transfers, introduction of suitable business processes, regional managerial skills, know-how and contribution and integration in international production networks.
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